Gas prices tumble in Hamilton

Gasoline prices have dropped by up to four cents a litre in Hamilton and many other cities across Canada.

The average price in Hamilton is now just above 95 cents a litre.

Liberal M-P Dan McTeague says demand for gasoline is weak because the economy is in so much trouble.

McTeague, who keeps an eye on the oil industry, says it appears the speculators and Canadian refineries are finally getting that message.

The drop also comes after the price of oil hit a one month low yesterday.

It dropped $2.60 a barrel after grim economic news from the U.S. and Europe.

A year ago today, gas prices were $1.37 a litre in Hamilton.