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
Death toll from Saturday's storm hits 10 across Ontario and Quebec
As the death toll related to the powerful storm that swept Ontario and Quebec on Saturday reached 10 on Monday, some of the hardest-hit communities were still working to take stock of the damage.
DEVELOPING | 'Too many children did not make it home': Anniversary of discovery at Canada's largest residential school
It's been a year since the announcement of the detection of unmarked graves at the site of what was once Canada's largest residential school – an announcement that for many Indigenous survivors was confirmation of what they already knew.
WHO says no urgent need for mass monkeypox vaccinations
The World Health Organization does not believe the monkeypox outbreak outside of Africa requires mass vaccinations as measures like good hygiene and safe sexual behavior will help control its spread, a senior official said on Monday.
Monkeypox fears could stigmatize LGBTQ2S+ community, expert says
A theory that the recent outbreak of monkeypox may be tied to sexual activity has put the gay community in an unfortunate position, having fought back against previous and continued stigma around HIV and AIDS, an LGBTQ2+ centre director says.
Hydro damage 'significantly worse' than the ice storm and tornadoes, Hydro Ottawa says
Hydro Ottawa says the damage from Saturday's storm is "simply beyond comprehension", and is "significantly worse" than the 1998 ice storm and the tornadoes that hit the capital three years ago.
Walk out at trade meeting when Russia spoke 'not one-off,' says trade minister
The United States and four other nations that walked out of an Asia-Pacific Economic Cooperation group meeting in Bangkok over the weekend underlined their support Monday for host nation Thailand, saying their protest was aimed solely at Russia because of its invasion of Ukraine.
Johnny Depp's severed finger story has flaws: surgeon
A hand surgeon testified Monday that Johnny Depp could not have lost the tip of his middle finger the way he told jurors it happened in his civil lawsuit against ex-wife Amber Heard.
Military members urged to contact Habitat for Humanity amid housing crisis
An email encouraging members of the Canadian Armed Forces to consider contacting Habitat for Humanity if they can't find affordable housing is casting a spotlight on a growing challenge facing many military personnel and their families.
Captured Russian soldier sentenced to life in Ukraine's 1st war crimes trial
A captured Russian soldier who pleaded guilty to killing a civilian was sentenced by a Ukrainian court Monday to life in prison -- the maximum -- amid signs the Kremlin may, in turn, put on trial some of the fighters who surrendered at Mariupol's steelworks.
Montreal
-
Hundreds of thousands of Quebec homes still without power after weekend storm
Hydro-Quebec says that at the height of the storm, 550,000 customers were without power.
-
What's open and closed in Montreal this Victoria, Patriots' Day long weekend
Whether you call it Victoria Day or Patriots' Day, here's a list of what's open and closed on Monday, May 23.
-
Partly inspired by U.S. politics, Quebec Solidaire pitches free access to all contraception
Saying it's motivated both by recent events in the U.S. and a sudden hike in the cost of living, Quebec Solidaire is proposing to make all contraception free.
London
-
Former Blue Jay Dalton Pompey plays at Labatt Park vs London Majors Monday
Fans at Labatt Park in London, Ont. got to see a former major league baseball player compete against their hometown team Monday afternoon.
-
Northern Tornadoes Project investigating East London for possible Tornado
Cleanup is still underway from Saturday’s massive storm that hit Southwestern Ontario, and not everyone in the region has their power restored.
-
Fire crews called to early morning blaze at Cargill Plant in London
London fire crews arrived to heavy smoke and flames Monday morning at the Cargill poultry processing plant.
Kitchener
-
'We want to give her her name back': OPP plea for information in death of young girl found in the Grand River
Ontario provincial police are asking for the public’s help, as they continue to investigate the death of a young girl whose body was found in the Grand River in Dunnville.
-
'We're idolizing these colonial figures': Calls to remove Queen Victoria statue continue
Kitchener's statue of Queen Victoria has been splattered with red paint several times over the past year, and on the holiday marking her reign, the calls to have the controversial monument removed continue.
-
Missing plane leaving Delhi, Ont. discovered in Northern Ontario
OPP say the missing plane that took off from Delhi, Ont. and never arrived at its destination was discovered Saturday in Lake Superior Provincial Park, about two kilometres east of Old Woman Bay.
Northern Ontario
-
Election race tightens in Nipissing as candidates make final push for votes
With less than two weeks to go in the provincial election, candidates in Nipissing are preparing their final push to gain support from the 60,000 eligible voters in the riding.
-
Ontario doctors say the backlog for certain services reaching crisis levels
The Ontario Medical Association says the backlog for medical services has grown by one million in just the last three months.
-
Suspended truck driver almost hits police cruiser on Hwy. 17
A suspended, uninsured driver of a tractor-trailer almost hit a police vehicle last week, East Algoma Ontario Provincial Police said Sunday.
Ottawa
-
Hydro Ottawa 'crushed' by storm: Another 2 to 4 days to restore power
The President and CEO of Hydro Ottawa says the local distribution network was 'crushed' by Saturday's storm and some people could be without power through the rest of the week.
-
Spoiled food: City of Ottawa setting up disposal bins, financial help
The city of Ottawa says residents who have lost food because of the ongoing power outages in the city can apply for some financial assistance.
-
The power of the storm: Clarence-Rockland farmer's silo pushed off foundation
Residents and farmers near Clarence-Rockland were also hit hard by Saturday’s major storm.
Windsor
-
Northern Tornadoes Project investigating East London for possible Tornado
Cleanup is still underway from Saturday’s massive storm that hit Southwestern Ontario, and not everyone in the region has their power restored.
-
Three impaired driving charges laid in Essex County over the long weekend
OPP in Essex County have arrested three people for impaired driving over the long weekend.
-
IN PICTURES: Statue of baseball legend Fergie Jenkins unveiled at Wrigley Field in Chicago
Canadian baseball legend Fergie Jenkins was honoured by the Chicago Cubs Friday with the unveiling of a new statue at Wrigley Field.
Barrie
-
What's open and closed in Simcoe County on Victoria Day
The long weekend will bring a number of closures on the Victoria Day Monday.
-
Jimmy Cuddy Trio headlining June event for local hospices
Three local women are spearheading an event next month to give back to a cause close to their heart, with the help of some well-known musicians.
-
New beer-themed spa opens in heart of Muskoka
An existing business in Muskoka is expanding its offerings to include a unique experience right in the heart of Torrance.
Atlantic
-
Mask mandate drops in N.S. public schools Tuesday
When students in Nova Scotia return to school on Tuesday after the Victoria Day long weekend, wearing masks will be optional.
-
Man, 19, dies following single-vehicle crash in Shediac Cape, N.B.: police
A 19-year-old man has died following a single-vehicle collision in Shediac Cape, N.B.
-
Gowns of generosity: Over 100 prom dresses donated at N.B. high school
The generosity of several New Brunwickers will help ease the financial pressure of attending prom next month.
Calgary
-
Wreckage found of plane that disappeared in Ontario with Alberta men onboard, police say
The wreckage of a small plane that disappeared last month in northern Ontario with two men aboard has been located in Lake Superior Provincial Park.
-
Shooting on 17th Avenue S.W. sends 1 to hospital
EMS took a man to hospital suffering "traumatic injuries" after a shooting on 17th Avenue S.W. on Monday.
-
Calgary Stampeder under investigation, airline employee fired after fight at airport
The Calgary Stampeders football club has launched an investigation after video of a fight between a player and an airline employee went viral over the weekend.
Winnipeg
-
First of three flights bringing about 900 Ukrainians to Canada lands in Winnipeg
The first of three charter flights bringing Ukrainian refugees fleeing Russia's invasion to Canada has landed in Manitoba this afternoon.
-
Manitoba man charged with manslaughter following deadly hotel assault
Officers with the Manitoba RCMP have charged a 30-year-old man with manslaughter following a fatal assault at a Thompson, Man., hotel.
-
'Sounds from the Sky:' First Nations pilot aims to inspire young Indigenous flyers
Timothy Atik (Tik) Mason has fond childhood memories of boarding large aircraft that would take him from Winnipeg to loved ones in his home community of St. Theresa Point First Nation in northern Manitoba.
Vancouver
-
DEVELOPING
DEVELOPING | 'Too many children did not make it home': Anniversary of discovery at Canada's largest residential school
It's been a year since the announcement of the detection of unmarked graves at the site of what was once Canada's largest residential school – an announcement that for many Indigenous survivors was confirmation of what they already knew.
-
Man dead after stabbing near South Vancouver nightclub
A 19-year-old man was killed near a nightclub in South Vancouver early Monday morning, according to police.
-
Man hit by car in Burnaby suffers life-threatening injuries, police say
One man is in the hospital with life-threatening injuries after being hit by a car in Burnaby Sunday night, according to police.
Edmonton
-
Kane hat trick fuels Oilers 4-1 win over Flames to take series lead
Evander Kane didn't have a team four months ago. Now he's filling the net alongside two of hockey's best.
-
Edmonton junior high raises $7K for Kids with Cancer Society during all-day Bikeathon
Students at Michael Phair Junior High School in west Edmonton spent last Thursday pedalling in support of the Kids with Cancer Society.
-
1 of 3 Alberta children hospitalized with severe acute hepatitis has been released
Three children in Alberta have now been hospitalized suffering from severe acute hepatitis not caused by known hepatitis viruses, officials said on Monday.