Ontario gas prices about to take massive drop. This is when that will happen
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
Environment Canada extends heat warnings for several provinces across the country
Environment Canada has extended heat warnings in a number of provinces, as unseasonably hot conditions continue across the country.
Forest fire has been burning for close to two weeks in central Newfoundland
A state of emergency remains in place for central Newfoundland, as well as a provincewide outdoor fire ban, as a long-burning forest fire continues to grow.
Masks will not be mandatory in Ontario schools next semester
Students in Ontario schools will not be required to wear masks come the fall semester, the Ministry of Education confirmed Monday.
China extends threatening military exercises around Taiwan
China said Monday it was extending threatening military exercises surrounding Taiwan that have disrupted shipping and air traffic and substantially raised concerns about the potential for conflict in a region crucial to global trade.
What you need to know about getting COVID-19 antiviral medication Paxlovid in Canada
Pfizer’s antiviral medication Paxlovid is designed to reduce the risk of hospitalizations in patients with COVID-19. It’s approved for use in Canada, but the rules about who can prescribe and dispense it vary by province.
Occupancy exceeded: Banff, Alta., home possessed more than 40 beds
Alberta Health Services has issued an enforcement order against a Banff home after an inspection discovered that as many as 42 people were staying inside the property, saying the maximum number of occupants of the facility 'was exceeded.'
More human remains discovered as drought dries Lake Mead
More human remains have been found at drought-stricken Lake Mead National Recreation Area east of Las Vegas, authorities said Sunday.
How to get into the housing market if you're gen Z or millennial
For millennial and gen Z Canadians, owning a home in this real estate market might seem like a pipe dream. In an exclusive column for CTVNews,ca personal finance contributor Christopher Liew offers some strategies to consider if you can’t afford the housing market yet.
Multiple people in hospital, suspect shot after machete attack on Vancouver's Granville Street
Five people, including a suspect, were taken to hospital with serious injuries after a violent incident that drew a massive police presence to downtown Vancouver's main entertainment district Saturday night.
Montreal
-
BREAKING
BREAKING | Man found dead in trash during Montreal east-end recycling collection
Montreal police are investigating the suspicious death of a man discovered in a bin during recycling collection in Hochelaga-Maisonneuve Monday morning.
-
Montreal Pride parade cancelled hours before event due to lack of volunteers
Montreal Pride parade organizer Simon Gamache admits that they messed up when they cancelled the event at the last minute Sunday.
-
Suspect apprehended after man found dead at bottom of stairs in Montreal
A suspect has been apprehended by Montreal police (SPVM) following the death of a 37-year-old man, who appears to have fallen down a flight of stairs.
London
-
Metrolinx cancels GO Train trips amid staffing shortages
Metrolinx cancelled a number of GO Train trips Monday and says more cancellations are possible this week amid staffing shortages.
-
Police charge 22-year-old suspect after alleged sexual advances
Police have laid charges against a 22-year-old London man following a pair of alleged incidents last week.
-
Masks will not be mandatory in Ontario schools next semester
Students in Ontario schools will not be required to wear masks come the fall semester, the Ministry of Education confirmed Monday.
Kitchener
-
Masks will not be mandatory in Ontario schools next semester
Students in Ontario schools will not be required to wear masks come the fall semester, the Ministry of Education confirmed Monday.
-
Motorcycle rider suffers life-altering injuries after crash between Kitchener and Guelph
A crash between a sedan and motorcycle, on a highway in between Guelph and Kitchener, has resulted in life-altering injuries.
-
Waterloo-Wellington remains under heat warning
Environment Canada has issued a heat warning for most of southwestern Ontario, including Waterloo-Wellington, with local temperatures expected to climb into the high twenties or low thirties.
Northern Ontario
-
Highway 69-400 expected to be closed for hours due to crash
The Trans-Canada Highway is closed in both directions between Ba Sa Gim Road on Highway 69 in Shawanaga First Nation and the intersection of Highway 400 and 559 in Nobel on Monday morning following a crash, police say.
-
Lotto 6/49 jackpot ticket sold in Toronto, two $1M prizes in northern Ontario
Did you buy a Lotto 6/49 ticket in Ontario for the Aug. 6 draw? Lottery officials say five big prizes were won in these areas of the province.
-
Toronto man charged in Sudbury court house bomb threat
A 25-year-old Toronto man has been arrested and brought to northern Ontario following a phoney bomb threat at the Sudbury courthouse Friday, police say.
Ottawa
-
Three injured in fiery Highway 174 crash
Three people were injured, one critically, after a fiery crash on Highway 174 overnight.
-
Chiarelli promises property tax freeze in first year if elected mayor of Ottawa
Bob Chiarelli is promising to freeze property taxes and fees in the first year of his mandate if elected mayor of Ottawa this fall, saying he believes efficiencies can be found in the city's multi-billion dollar budget to cover costs.
-
RAINFALL WARNING
RAINFALL WARNING | Ottawa could see additional 50 mm of rain by Monday night
A rainfall warning remains in effect for the city of Ottawa, with Environment Canada warning the capital could see an additional 50 mm of rain by Monday night.
Windsor
-
WECHU issues almost 8,000 suspension orders to Windsor-Essex high school students
The Windsor-Essex County Health Unit has issued 7,858 suspension orders to local high school students over incomplete immunization records.
-
Loaded gun and drugs found during traffic stop for speeding in Lakeshore
A 41-year-old Windsor man is facing charges after police say a loaded gun and drugs were found during a traffic stop on Highway 401 in Lakeshore.
-
Chatham-Kent woman charged with mischief after allegedly throwing brick into home
A 22-year-old Chatham-Kent woman has been charged by police after she allegedly threw a brick through a window early Sunday morning.
Barrie
-
Large explosive barn fire in Essa Township kills livestock
More than 50 cows were killed in a fire that broke out at a barn in Essa Township on Sunday afternoon.
-
Masks will not be mandatory in Ontario schools next semester
Students in Ontario schools will not be required to wear masks come the fall semester, the Ministry of Education confirmed Monday.
-
Housing correction in Toronto could end up becoming 'one of the deepest of the past half a century,' RBC warns
A housing correction which has already led to four consecutive months of price declines in the previously overheated Greater Toronto Area market could end up becoming 'one of the deepest of the past half a century,' a new report from RBC warns.
Atlantic
-
Forest fire has been burning for close to two weeks in central Newfoundland
A state of emergency remains in place for central Newfoundland, as well as a provincewide outdoor fire ban, as a long-burning forest fire continues to grow.
-
Two people killed in motorcycle crash in Guysborough County
Two people have been killed in a motorcycle crash in Guysborough County. The RCMP and emergency crews responded to the single-vehicle crash on Highway 7 in Melrose, N.S., around 5 p.m. Sunday.
-
Motorcyclist seriously injured in Pictou County collision
A man is in hospital with serious injuries after a motorcycle and SUV collided in Pictou County Sunday night.
Calgary
-
Heat warning issued for Calgary with hot weather expected all week
Calgary is expected to see temperatures ranging between 29 C to 34 C on Monday.
-
2 homes in northeast Calgary damaged in fire
Calgary firefighters were called to a two-alarm fire in a northeast community on Sunday and officials say two homes were damaged.
-
Multiple people in hospital, suspect shot after machete attack on Vancouver's Granville Street
Five people, including a suspect, were taken to hospital with serious injuries after a violent incident that drew a massive police presence to downtown Vancouver's main entertainment district Saturday night.
Winnipeg
-
'I want to move out': Police investigate River East shooting
Winnipeg Police are looking into a reported shooting early Sunday morning in River East.
-
West End fire sends one firefighter to hospital
A fire in Winnipeg’s West End on Sunday evening sent one firefighter to hospital.
-
Mosquito trap counts high in Winnipeg as city begins fogging
A city-wide average of 88 mosquitoes per trap on Saturday is prompting the City of Winnipeg to start fogging for adults.
Vancouver
-
Granville Street machete attacks: Vancouver mayor calls for reformed justice system
Vancouver's mayor is calling for justice system reforms after a series of attacks with what police said was a machete over the weekend.
-
2 dead after police chase involving allegedly stolen vehicle in Abbotsford
Two people are dead and B.C.'s police watchdog is investigating following a police pursuit that ended in a horrific crash.
-
B.C. company ordered to pay $35K over posts shared by social media influencers
A B.C. lithium mining company that paid for promotional posts to be shared by social media influencers has been fined by the province's financial markets regulator.
Edmonton
-
Province promises cash to relocate Athabasca University staff
Alberta’s Advanced Education minister says he is willing to help Athabasca University with whatever it wants – including money – to relocate 500 employees to the small town that's the school's namesake, but says the school has not stepped up.
-
Suspicious death in northeast Edmonton under investigation
Edmonton police are investigating after a woman died and a second person was injured following an incident in northeast Edmonton Saturday.
-
Masks will not be mandatory in Ontario schools next semester
Students in Ontario schools will not be required to wear masks come the fall semester, the Ministry of Education confirmed Monday.