US gas prices fall 17 cents in biggest weekly drop in months, national average hits $4.12 ahead of midterms
US gas prices fall 17.1 cents to $4.12 per gallon, marking the biggest weekly drop in months ahead of the 2026 midterm elections.
Drivers in Toronto and the Greater Toronto Area (GTA) will experience a sharp decrease in gas prices overnight, according to analysts. The price of regular gasoline is expected to drop by 11 cents per litre at 12:01 a.m. on Wednesday, lowering the average price in the GTA to 166.9 cents per litre. This significant reduction of 11 cents per litre would be one of the largest single-day declines in recent months and marks the lowest pump prices since the summer.
The predicted drop follows the fuel prices being stagnant over the previous two days after a four-cent increase on November 1. The anticipated decrease comes as commuters regularly traveling across the GTA could benefit from considerable savings, considering the fluctuating fuel prices throughout 2026. Historically, gas prices peaked at over 190 cents per litre in October before gradually declining in recent weeks.
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