Ryan Bird's report on drop in gas prices

Not since March have motorists in Toronto paid this little for gasoline.

Listen to Ryan Bird's report

Today's most common price for lowest grade is $1.05.2. That's down 4.5 cents from Monday, but down about 33 cents from mid September's record.    

This occurred after oil hit an 8-month low Monday, dropping more than 2 dollars a barrel to below 90, and then early today falling to below 88.  That's a 40 percent drop since the record of $147 in July.

Reports by CFRB's Ryan Bird