Toronto, GTA gas prices poised for 9‑cent plunge Friday — but it may not stick
Drivers across Toronto and the GTA will see a nine‑cent drop at the pumps on Friday, with prices falling to 180.9 cents per litre, according to the latest forecast from Roger McKnight, chief petroleum analyst at En‑Pro International. The decrease takes effect at 12:01 a.m. Friday, but McKnight says the sharp drop doesn’t align with […]
Gasoline prices in Toronto and the Greater Toronto Area (GTA) are expected to drop by nine cents per litre on Friday, reaching 180.9 cents per litre, forecasted by Roger McKnight, chief petroleum analyst at En-Pro International. The reduction will take effect at 12:01 a.m. on Friday. However, McKnight contends that the significant decline doesn’t align with current market conditions, suggesting it may be adjusted later on the same day.
The price decrease follows a six-cent rise on Thursday, attributed to wholesale market pressures. This marks the highest daily price since May, when gas in Toronto and the GTA peaked at 192.9 cents per litre. Gas prices in Toronto and the GTA have experienced dramatic fluctuations in September, with frequent overnight drops, sudden rebounds, and shifting forecasts within hours.
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