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It's a good day to fill your gas tank, CAA-Québec says

In what seems like a strange turn of events, CAA-Québec was reporting on its website that the average pump price in Montreal is 5 cents lower than expected.

Montreal GazetteMontreal Gazette

Published on: January 3, 2018 | Last Updated: January 3, 2018 9:25 AM EST

A gas pump. JEFF PACHOUD / AFP/Getty Images

In what seems like a strange turn of events, CAA-Québec was reporting on its website that the average pump price in Montreal is 5 cents lower than expected.

The organization’s Gasoline Watch tool said Wednesday morning that the realistic cost in the Montreal area is $1.25.6 per litre. However, the average pump price was listed at $1.20.5. That’s the most expensive place in the province to fill up, according to the tool. The least expensive is Chaudière-Appalaches, at $1.11.4.

Pump prices were at or below what was expected across Quebec, except the Saguenay region, which inched above the realistic price of $1.17.8 cents per litre. 

CAA-Québec’s uses a formula that includes information from Bloomberg’s Oil Buyer’s Guide and tax information from the Régie de l’énergie. It updates its “realistic price” every Monday. 

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