Gas below $1 per litre in Medicine Hat
Medicine Hat, AB – For the first time since December 16th, 2017, the average price of gas has dropped below $1 per litre.
Experts say this has much to do with the fact that global crude prices have dropped about 25% in the past 2 months.
West-Texas Intermediate, which is what our refineries use as their benchmark, was as high as $76 a barrel two months ago. Now, prices are struggling in the $50-$51 per barrel range.