The average price of regular unleaded gasoline in Canada fell 0.4 cents to $0.887, well off the peak of $1.40 per litre reached in July 2008.

The weekly survey showed Edmonton had the lowest average price in the country at $0.794, down 0.1 cents from the prior week.

For the second week, Labrador City, Nfld. had the highest price in the country, with prices up 1.5 cents to $1.056 per litre.

The largest price decrease was seen in Windsor, Ont., where prices were down 7.4 cents to $0.814.

Prices averaged $0.856 in Toronto, $0.911 in Montreal, $0.817 in Calgary, $0.923 in Halifax and $0.995 in Vancouver.

In 2008, prices in Canada averaged $1.141.

The price of Nymex crude oil was hovering around $51 per barrel on Wednesday.

By Stephen Huebl, This email address is being protected from spam bots, you need Javascript enabled to view it , edited by Sarah Sussman, This email address is being protected from spam bots, you need Javascript enabled to view it

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