Gas prices in GTA expected to reach an all-time high Friday
The price of gas in the Greater Toronto Area is set to reach another record high today and it’s unlikely that drivers will get relief at the pumps anytime soon, according to one industry analyst.
Dan McTeague, who is the president of Canadians for Affordable Energy, told CP24 on Thursday that the average price of a litre of gas across the GTA is set to rise more than two cents overnight to reach a new record high of $1.51.9.
That surpasses the last record high of $1.49.9 that was set back on Nov. 4, prior to the detection of the Omicron variant.
“COVID, especially Omicron, really kicked down the road an earlier move towards $90 a barrel. It basically had markets believing that we'd be going back to lockdowns and nothing of the sort really happened so this is really pent up demand coming back with a vengeance,” McTeague said.
“Whether we like it or not when countries like the United States are short 1.4 million barrels of production a day from where they were pre-COVID you can kind of see what happens when demand takes over.”
McTeague said that the rise in gas prices is being driven by several factors, including a global shortage of oil and recent “geopolitical tensions between Russia and Ukraine.”
He said that by the end of the year gas prices in the GTA could reach an average of $1.65 a litre, especially once the federal government’s new Clean Fuel Standard comes into effect in December, 2022.
“These prices are not likely to come back down,” he warned.
CTVNews.ca Top Stories
'Most horrific': Alberta First Nation investigating after remains of children found
Saddle Lake Cree Nation in eastern Alberta is 'actively researching and investigating' the deaths of at least 200 residential school children who never came home, as remains are being found in unmarked grave sites.
Ukraine hopes to swap Mariupol steel mill fighters for Russian POWs
Ukrainian fighters extracted from the last bastion of resistance in Mariupol were taken to a former penal colony in enemy-controlled territory, and a top military official hoped they could be exchanged for Russian prisoners of war. But a Moscow lawmaker said they should be brought to 'justice.'
First transgender federal party leader calls for national anti-trans hate strategy
The Green Party of Canada is calling on the federal government to develop a targeted anti-transgender hate strategy, citing a 'rising tide of hate' both in Canada and abroad. Amita Kuttner, who is Canada's first transgender federal party leader, made the call during a press conference on Parliament Hill on Tuesday.
Former Pentagon officials briefed Canadian MPs on UFOs, MP and researcher say
Former Pentagon officials have briefed at least three Canadian members of Parliament about unidentified flying objects, according to a Manitoba MP and a Texas-based researcher.
Poilievre personally holds investment in Bitcoin as he promotes crypto to Canadians
Conservative Party leadership candidate Pierre Poilievre has a personal financial interest in cryptocurrencies that he has promoted during his campaign as a hedge against inflation.
Prince Charles offers remarks about reconciliation as Canadian tour begins
Prince Charles and Camilla, the Duchess of Cornwall, have arrived in St. John's, N.L., to begin a three-day Canadian tour that includes stops in Ottawa and the Northwest Territories.
Alberta premier urges U.S. senators to convince Michigan to stop Line 5 shutdown
Alberta Premier Jason Kenney is urging the U.S. government to convince Michigan to abandon its legal campaign against the Line 5 pipeline.
Airport delays: Transport minister says feds not asking airlines to cut back flights
Canada's transport minister is dismissing claims that the federal government asked airlines to reduce their schedules and cancel flights to ease recent travel delays.
Regular travel and public health measures can't coexist: Canadian Airport Council
International arrivals at Canadian airports are so backed up, people are being kept on planes for over an hour after they land because there isn't physically enough space to hold the lineups of travellers, says the Canadian Airports Council.
Montreal
-
'We need it now': As ER visits among children rise, Montreal parents want hotline reinstated
Montreal public health officials are considering whether to bring back a special hotline for families with sick children to get them speedy appointments with a doctor. Hospitals are seeing an increase in visits to pediatric emergency rooms.
-
Legault insists health care will be unchanged under Bill 96, calls out 'disinformation'
Peppered with questions on Bill 96, Legault said there's been "disinformation" spreading, in his opinion -- and that on one important question, health care, many critics of the bill are wrong. In fact, the bill is confusing on that point and the details still haven't been fully explained.
-
Montreal road work is a poorly organized mess, auditor general finds
Montreal drivers have a lot of words to describe the city's roads in summer, when the orange pylons pop up: an obstacle course, a maze, a mess. The city's auditor general agrees and offers analysis of why in a new report.
London
-
North London, Ont. playground vandalized with hate symbols
A police investigation has been sparked after a north London, Ont. playground was vandalized with hate symbols.
-
Estimated $50,000 in damages after blaze at Ark Aid Street Mission Tuesday
The London Fire Department responded to a fast-moving blaze early Tuesday evening in the area of Dundas Street and Lyle Street, resulting in an estimated $50,000 worth of damages.
-
One of three suspects in custody after break and enter caught on tape
One person is in custody for allegedly breaking and entering after a Sarnia business owner saw they were being robbed in real-time thanks to a video surveillance system.
Kitchener
-
Search continues for missing man in Cambridge, still no cause released in child's death
The search continued Tuesday for a man police say may have information about the death of an 8-year-old boy in Cambridge. Neighbours also shared their concerns about the police response.
-
Human remains found in water near Dunnville
Provincial police have launched an investigation after human remains were found in the water in Dunnville, just northwest of Port Maitland.
-
Neighbours and paintball enthusiasts weigh in as Flag Raiders hopes to return to Cambridge property
A contentious topic is back under review in Cambridge. City council is hearing from a number of delegates sharing their thoughts about a paintball company's land and whether it should be re-zoned.
Northern Ontario
-
OPP say road fatalities headed for 10-year high
There have been more than 107 fatalities on Ontario Provincial Police patrolled roads so far this year.
-
B'Nai Brith honours North Bay mayor for standing up to racism
B'Nai Brith Canada presented North Bay Mayor Al McDonald with a certificate of merit Tuesday morning, honouring him for standing up to racism.
-
Front-runners do battle to represent the Sault at Queen's Park
As the provincial election nears, Sault Ste. Marie incumbent Ross Romano is squaring off again against Michelle McCleave-Kennedy, who gave him a tough fight in 2018.
Ottawa
-
Here's where Prince Charles and Camilla will stop on their visit to Ottawa
Buckingham Palace has released new details on Prince Charles and his wife Camilla’s three-day tour of Canada next month, which includes a stop in Ottawa.
-
'I hit panic mode': Baby formula shortage worrying new parents
Experts say supply chain issues and panic buying are leading to baby formula shortages.
-
Man breaks leg in fall down embankment on Walkley Road
The Ottawa Fire Service says a rope crew helped rescue a man who fell down a steep drop near Walkley Road Tuesday evening.
Windsor
-
Weapons incident and vandalism in Essex has some calling for return of police-led VIP program in schools
Numerous meetings have taken place since a youth allegedly fired an airsoft gun at a dance last Friday.
-
Man facing fraud charge after allegedly taking more than $800,000 from victims
A Windsor man is facing charges following an investigation into an alleged investment scheme that defrauded more than $800,000 from multiple victims.
-
Section of Ottawa St. closed after motorbike collides with parked car
A person was taken to the hospital to be treated for injuries after their motorbike collided with a parked car Tuesday afternoon.
Barrie
-
Witnesses take the stand in Paul Sadlon sexual assault trial
The sexual assault trial of Barrie businessman Paul Sadlon entered day two with a boss and two colleagues of the complainant taking the stand.
-
Election signs defaced in Simcoe North triggering OPP investigation
Green Party candidate Krystal Brooks said someone vandalized the election signs on her front lawn with a racist message.
-
Three GTA men arrested in Barrie kidnapping: police
Barrie police say they arrested three suspects accused of kidnapping a man last month from a parking lot in the city's south end.
Atlantic
-
N.B. police officer who fatally shot Chantel Moore during wellness check testifies at inquest
The police officer who fatally shot a 26-year-old Indigenous woman during a wellness check in Edmundston, N.B., two years ago says he doesn't know why things escalated so quickly.
-
Confusion over RCMP leadership roles marked early investigation of N.S. mass shooting
When a man disguised as a Mountie started killing people in northern Nova Scotia two years ago, there was considerable confusion over who was in charge of the RCMP operation, newly released documents show.
-
Woman dies from injuries after Halifax stabbing; police investigating homicide
A woman who was stabbed overnight in the Halifax area has died from her injuries.
Calgary
-
Concerns raised after Alberta Education announces new pilot draft curriculum
Alberta schools boards can choose to pilot three more subjects in the new K-6 draft curriculum this fall, which is drawing criticism from some parents and student advocates.
-
Battle lines drawn as Flames and Oilers get ready for epic series
The last time the Calgary Flames and Edmonton Oilers faced each other in the playoffs was way back in 1991.
-
'He has lost': Kenney critic warns his UCP constituency won't accept premier win in review
The ballots are in and tension is building within the United Conservative Party ahead of Wednesday's revelation of the result of Jason Kenney's leadership review.
Winnipeg
-
Federal regulator demands answers from Bell MTS over landline service complaints
Federal regulators are demanding answers and solutions from the bell MTS after several Manitobans have spoken out about their landline phone service which they call unacceptable.
-
Police find 19 guns at Winnipeg home; two men arrested
Two Winnipeg men are facing firearm-related charges after Winnipeg police officers seized 19 guns from a home in the city’s Southwood neighbourhood.
-
'He was a totally different kid': The impact of cannabis oil on the health of children
A Manitoba mother says the use of cannabis oil has had a profound impact on the health of her child.
Vancouver
-
'So disappointing': B.C. charities struggling as gas prices soar
The soaring cost of gas is hitting charities in Metro Vancouver hard and organizations are worried they will soon have to make tough decisions and cuts to services if they don’t get some relief.
-
Parents anxiously awaiting updates as Health Canada assesses COVID-19 vaccine for young kids
Nearly three weeks after Moderna became the first pharmaceutical company to apply for Health Canada approval of its COVID-19 vaccine for young children, the regulatory agency is tight-lipped about progress.
-
'Irreplaceable': Thieves steal war veterans' donated items from Chilliwack museum
Volunteers with the CFB Chilliwack Historical Society are reeling after thieves broke into a military museum and stole irreplaceable items donated by war veterans and their families.
Edmonton
-
'He has lost': Kenney critic warns his UCP constituency won't accept premier win in review
The ballots are in and tension is building within the United Conservative Party ahead of Wednesday's revelation of the result of Jason Kenney's leadership review.
-
'Most horrific': Alberta First Nation investigating after remains of children found
Saddle Lake Cree Nation in eastern Alberta is 'actively researching and investigating' the deaths of at least 200 residential school children who never came home, as remains are being found in unmarked grave sites.
-
Wife of Métis hunter killed testifies in murder trial
A hunter's wife has testified she texted her husband not to drink and drive or get in a fight the night he and his uncle were shot to death on a rural Alberta road.