Toronto, GTA gas prices set for another major drop Friday, expected to fall 7 cents

Drivers in Toronto and the Greater Toronto Area (GTA) could experience a more affordable fuel cost this Friday, with gas prices expected to decrease by seven cents per litre. En-Pro’s Roger McKnight predicts the average price in the region will drop to 160.9 cents per litre, bringing relief to motorists who have been facing higher fuel expenses.

This anticipated reduction follows an 11-cent-per-litre drop earlier in the week, contributing to a downward trend that has saved drivers considerable money across the area. Should the prices fall to 160.9 cents per litre on Friday, it would represent the lowest gas price in Toronto and the GTA since June, when the monthly low was 157.9 cents per litre.

The latest price decrease comes amidst broader trends of declining gas prices, driven by fluctuations in oil markets and refinery production. Although motorists are still paying more than they were at this time last year, the recent series of reductions has provided some respite for commuters and families dealing with increased household costs.

Prices may vary by location and can change based on market conditions, but drivers planning to refuel may want to wait until Friday to benefit from the expected price decrease.