06:03:02 EDT Fri 09 May 2025
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Athabasca Oil Corp
Symbol ATH
Shares Issued 504,536,098
Close 2025-04-24 C$ 4.88
Market Cap C$ 2,462,136,158
Recent Sedar Documents

FP/wire say MEG, rivals hear gas prices are falling

2025-04-24 09:25 ET - In the News

See In the News (C-MEG) MEG Energy Corp

The Financial Post reports in its Thursday edition that Canadians are looking forward to summer vacations and falling gas prices bring welcome relief. The Post's Jane Switzer writes that after Prime Minister Mark Carney removed the consumer carbon charge on April 1, prices began to drop significantly. "Once midnight rolled around, we started to see large decreases across Canada," said Patrick De Haan, senior petroleum analyst at Gasbuddy. The decline in gas prices coincided with a drop in crude oil prices amid concerns over U.S. President Donald Trump's trade war, resulting in the lowest gas prices since the pandemic. Regular fuel prices across Canada dropped overnight on April 1, falling nearly 7 per cent from $1.54 per litre to $1.44 per litre, according to Gasbuddy data. Prices have stayed lower since then, hitting their lowest level, $1.31 per litre, on April 15. Mr. De Haan said prices in most provinces dropped between 16 and 20 cents per litre, but Quebec is a notable exception. The province never implemented the federal carbon tax. According to Gasbuddy data from Wednesday, average regular fuel prices have increased by one cent per litre since last month and Quebec now has the most expensive gas in the country.

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