Ontario gas prices about to take massive drop. This is when that will happen
Ontario gas prices are about to take a huge drop and one expert says it will be "well worth waiting" if drivers can hold off on filling up.
"Finally some good news," President of Canadians for Affordable Energy Dan McTeague told CTV News Toronto on Friday.
McTeague said gas prices will drop 11 cents per litre on Friday morning, partly due to Ontario cutting the provincial gas tax.
"Of the 11-cent drop, 6.5 cents is because of the provincial government dropping in the gas tax, and 4.5 cents is because of the markets," McTeague said.
- Download our app to get local alerts to your device
- Get the latest local updates right to your inbox
He said the average gas price in Ontario on Friday will be $1.93 cents per litre, which is the lowest it has been since May 12.
"If that isn’t enough for people, I’m now looking at things dropping even further," McTeague said.
McTeague said on Saturday, gas prices will likely drop another six cents per litre.
That would bring gas prices to $1.879 cents per litre on average, marking the lowest price since April 30.
"Anyone who is reading this, I am telling you, don’t visit a gas station if you don’t have to," McTeague said. "You don’t see these big decreases often. It’s well worth waiting."
McTeauge said this will be a "short-term reprieve" for motorists, and that prices will likely rise back above $2.10 by mid-July.
"I don't think this is going to hold," he said. "So take advantage of it."
CTVNews.ca Top Stories
Weapon in deadly 'Rust' film set shooting could not be fired without pulling the trigger, FBI forensic testing finds
FBI testing of the gun used in the fatal shooting on the movie set of 'Rust' found that the weapon handled by actor Alec Baldwin could not be fired without pulling the trigger while the gun was cocked, according to a newly released forensics report.

Republicans demand to see affidavit that justified FBI search of Trump's home
Republicans stepped up calls on Sunday for the release of an FBI affidavit showing the underlying justification for its seizure of documents at former President Donald Trump's Mar-a-Lago home.
Fire at Cairo Coptic church kills 41, including 10 children
A fire ripped through a packed Coptic Orthodox church during morning services in Egypt's capital on Sunday, quickly filling it with thick black smoke and killing 41 worshippers, including at least 10 children. Fourteen people were injured.
Catastrophic climate-induced flooding in Calif. could become twice as likely, research finds
A new study is offering a dire prediction for the U.S. state of California, where scientists say catastrophic flooding could become twice as likely in the future due to the effects of climate change.
Antarctica ice melt is accelerating, and research says an overlooked coastal current is to blame
A new study suggests that Antarctica’s ice shelves may be melting faster than previously believed, which is causing sea levels to rise at a more rapid pace and accelerating the dangers of climate change.
Arizona parents arrested trying to get in locked-down school
Police arrested three Arizona parents, shocking two of them with stun guns, as they tried to force their way into a school that police locked down Friday after an armed man was seen trying to get on campus, authorities said.
Norway puts down Freya the walrus that drew Oslo crowds
Authorities in Norway said Sunday they have euthanized a walrus that had drawn crowds of spectators in the Oslo Fjord after concluding that it posed a risk to humans.
'Fanaticism is a danger to free expression everywhere': Ignatieff on Rushdie attack
After Indian-born British novelist Salman Rushdie was attacked during a writing conference in western New York on Friday, current and former Canadian politicians are weighing in on what such attacks mean for freedom of expression and thought.
Salman Rushdie 'on the road to recovery,' agent says
Salman Rushdie is 'on the road to recovery,' his agent confirmed Sunday, two days after the author of 'The Satanic Verses' suffered serious injuries in a stabbing at a lecture in upstate New York.