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Winnipeg gas prices fall below 70 cents

Gas prices across Winnipeg are falling below 70 cents a litre.

The lowest posted price is 66.9 cents at Costco stations.

The last time gas was below 67 cents a litre was in December 2003.

Industry analysts say prices will continue to drop.

They expect the price to bottom out sometime in March.

Oil producers continue to pump the black gold out of the ground.

The United States now has half a billion barrels in its reserves.

That much oil could last a whole three months.

The posted price is about half the price from last August.

Winnipeg drivers were paying about $1.21 at the end of summer.

—ANDREW McCREA, MyTOBA.ca

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