Skip to main content

Ontario gas prices set to rise again on Friday

A man fills up his truck with gas in Toronto. THE CANADIAN PRESS/Christopher Katsarov A man fills up his truck with gas in Toronto. THE CANADIAN PRESS/Christopher Katsarov
Share

Drivers in southern Ontario may want to fill up their tanks before prices skyrocket over the weekend.

According to Dan McTeague, president of Canadians for Affordable Energy, prices at the pump are expected to rise by one cent per litre on Thursday and then jump another eight cents a litre on Friday.

This means that drivers may have to pay about $174.9 cents per litre.

Stations across the Greater Toronto Area will be impacted, as well as Ottawa, Hamilton, London, Barrie, Niagara, Windsor, Kitchener and Kingston.

Earlier this month Ontario saw a significant drop in prices at the pumps.

At the time, McTeague said the rate of decline was “unprecedented.”

“I have never seen a period of 72 hours when gas prices drop 20 cents a litre,” he told CTV News Toronto just five days ago.

However, he also warned that “what goes up, must come down.”

“The reality is these prices, while welcome, could have a nasty surprise for all of us in store.”

CTVNews.ca Top Stories

Motion to allow keffiyehs at Ontario legislature fails

A motion to reverse a ban on the keffiyeh within Queen’s Park failed to receive unanimous consent Thursday just moments after Ontario Premier Doug Ford reiterated his view that prohibiting the garment in the House is divisive.

What does it mean to be 'house poor' and how can you avoid it?

The journey to home ownership can be exciting, but personal finance columnist Christopher Liew warns about the trappings of becoming 'house poor' -- where an overwhelming portion of your income is devoured by housing costs. Liew offers some practical strategies to maintain better financial health while owning a home.

Stay Connected