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It will likely be a superb few days for Toronto and GTA drivers in the case of fuel costs.
Roger McKnight, Chief Petroleum Analyst with En-Professional Worldwide Inc., says the worth of fuel will drop three cents at midnight on Sunday, from 151.9 cents to 148.9 cents per litre at most Toronto and GTA areas.
McKnight provides that this value will maintain for Monday, November 6 and Tuesday, November 7.
It will likely be the bottom value because it dipped to 147.9 cents in October. Earlier than that, although, the final time the fuel value was that low was in Could 2023 (147.9 cents per litre) and can match the bottom value of April 2023.
The most affordable value was in March 2023, when it dipped to 139.9 cents a litre at most fuel stations.
Elements that may affect the pump value embody:
Seasonal modifications
Climate situations
Elevated demand
Geopolitical battle
Standing of oil and fuel reserves
Refining capability
Worth of the US greenback
The December crude contract was down US$1.95 at US$80.51 per barrel, and the December pure fuel contract was up 4 cents at US$3.52 per MMBtu.
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