Toronto, GTA gas prices set for 8‑cent drop Friday amid seasonal fuel switch
Drivers across Toronto and the GTA will see a noticeable break at the pumps heading into the weekend, with gas prices expected to drop eight cents on Friday. The forecast comes from Roger McKnight, chief petroleum analyst at En‑Pro International, who says prices are expected to fall from 187.9 cents per litre to 179.9 at […]
Fuel prices in the Toronto and Greater Toronto Area (GTA) are set to decrease by eight cents per litre on Friday, according to predictions from Roger McKnight, a senior petroleum analyst at En‑Pro International. McKnight anticipates the price will fall from 187.9 cents per litre to a low of 179.9 cents per litre at most stations.
This reduction is a direct result of the industry's seasonal transition from summer to winter gasoline. This shift typically reduces production costs and wholesale prices, contributing to the anticipated price drop. The prediction marks the lowest gas price in the GTA so far in September, providing some relief following a period of late-summer price increases.
According to historical data from CityNews, Friday's forecasted price fits within a broader pattern of fluctuating summer fuel costs: in August, the high was 182.9 cents and the low 162.9 cents; in July, the high was 183.9 cents and the low 163.9 cents; and in June, the high was 177.9 cents and the low 157.9 cents. For the most current updates, readers can check the CityNews Toronto gas prices page daily.
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