Those traveling out of town for their July long weekend were able to get more for their dollar at the gas pumps compared to previous years. The price of gas is around 14¢ lower than last year.

Dan McTeague, Senior Petroleum Analyst with GasBuddy.com, explained the drop in prices, "Why we're seeing prices drop so dramatically, we've heard lots in the past couple of years of oil being over supplied. We now have a glut on gasoline and that's because refineries, especially in the United States, are quite healthy, producing record volumes of gas and the demand just doesn't see to be there."

The price of crude oil is also a factor in the low fuel prices. At the start of this year, oil was around $55 per barrel, $10 more than what it is now.

"It's looks like these prices between say ¢88 and ¢95 are going to be the normal for at least the next few weeks or the first half of summer. " McTeague predicts that the price should stay fairly low for the time being. "Beyond that, it's anyone's guess but I'm not thinking that there's much pushing prices up at this time."

Prices have been remaining under a dollar at most pumps. Consumers are currently paying between 88¢ and $1.00 depending on where they fill up.

Saskatchewan and Manitoba are by far the cheapest places to buy gas in Canada. The two provinces have not increased or added taxes that neighboring provinces have.

The obvious benefit from lower prices is the consumer is saving money. McTeague says that if an average consumer saves 15¢ a Litre, that translates to $10 a fill up (based on 60-70L tank). "That multiplied over several weeks means that summer becomes much more affordable. It's a couple hundred dollars in the pocket of larger users."

There are negative consequences as well. "Lower commodity prices isn't great for Canada's economy as a whole, which relies on a reasonable price for our commodities."

"We tend to continue to discount Canadian oil by $10, or even $12 a barrel because we have trouble getting it into market."