
Montreal Gas Prices Drop Below $2, But Ceasefire Uncertain
About this episode
Montreals gas prices finally drop below $2/liter due to U.S.-Iran ceasefire, but uncertainty persists as Iran reopens then closes the Strait of Hormuz. Quebec drivers adapt to volatile prices, considering electric vehicles.
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Canada News Today | 2 Min News | The Daily News Now! — Montreal Gas Prices Drop Below $2, But Ceasefire Uncertain. Machine-transcribed; use the interactive transcript above to jump the player to any line.
Gas prices in Montreal finally dip below $2 a liter on Friday, thanks to a ceasefire between the U.S. and Iran. Folks spotted pumps at about $1.88 per liter that morning on gas buddy apps. Just the day before, on Thursday, it was still hanging at $2.01 on spots like the Kerry Boulevard. This drop came after weeks of prices staying high over $2, all tied to tensions in the Middle East. The two-week truce hinged on Iran reopening the Strait of Hormuz, that key waterway, handling a fifth of the world's oil shipments. Quebec drivers have felt the pinch hard, with more folks switching to electric vehicles as costs soared from the overseas drama. It's pushed people to rethink their rides amid all this instability. But here's the twist, Iran did reopen the Strait at first, only to shut it down again on Wednesday after Israeli strikes in Lebanon. Now with that vital pass is closed once more, no one knows how long these lower prices or the ceasefire will hold.
Keep an eye on those pumps, Montreal. These swings show how global hotspots can hit right at home, so plan your Phillips wisely. Stay informed with Canada News today, AI-powered updates.
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