In late spring and early summer, fuel prices began to dip in many markets due to a mix of macroeconomic shifts and political factors. Analysts are split on what this could mean for everyday drivers. Some say a stable downward trend could translate into lower prices at the pump for Canadians and Americans alike. Others are skeptical, arguing the dip may not last long or translate into consumer relief. What’s your take?
To explore this question, subscribers of the newsletter maintained by Behind the Wheel were surveyed via Viber. More than 2,000 respondents contributed. Roughly 4% reported seeing a drop in gas prices at retail stations, which was welcomed by those monitoring costs. About 7% expressed cautious optimism, suggesting that prices might continue to decline if wholesalers maintain discounted fuel purchases through the end of the year.
On the other hand, the same share—about 7% or 168 people—believe the price decline is temporary and unlikely to reach the typical consumer. The majority, 1,847 respondents or 80%, felt that prices would not fall even with a sustained decrease in wholesale costs, citing business incentives that keep margins stable and profits intact.
- Recent snapshots highlighted that some of the most affordable gasoline is found in surprising spots—Russia was cited among examples.
- Updates from Behind the Wheel are available on Odnoklassniki.