traveling by car is a little more affordable at the moment drivers experiencing some ease at the pumps with gas and diesel prices dropping across the country Atlanta Canada is seeing a big difference and that's where we find ctv's Paul Hollingsworth Paul why the drop and how are people responding Heather everyone enjoys some positive financial news especially when it comes to fuel prices but the question is going forward how long will this positive vibe at the pumps continue a Friday morning dip in gas prices I wish it was lower and this got take premium gas in Nova Scotia and Pei is down 4 cents per liter new brunswickers woke up to a drop of nearly 7 cents oo I would say it's great you know analyst Dan mctigue says across Canada gas is down almost 20 cents compared to this time last year with more savings just around the corner but we're heading on September 15th to Winter blends of gas and that means that a net Savings of 5 cents a liter is on its way diesel in Canada has dropped roughly 12 cents in 12 months but it should increase soon we could start to see that March uh very much in a higher Direction because we're heading to Colder Weather heating oil is diesel oil prices have also taken a major tumble $65 a barrel for West Texas intermediate this time last year was $87 $88 a barrel according to MC Teague that's one of several reasons for this recent trend in more affordable fuel the Canadian dollar is a little bit stronger and the North American Marketplace is quite a bit nervous about the possibility of a recession which has led to price adjustments weather Watchers take note we're still in Hurricane Season which could cause a change in fuel prices if Mother Nature does throw a major storm in the Gulf of Mexico that threatens refineries we could temporarily see gas prices going up Dan mcti also said more refineries have been popping up in the US over the past several years that has led to an increase in fuel output roughly 5% and that increase in supply has also resulted in fuel prices coming down Heather Paul thanks very much for this