Gas prices in GTA to hit eight month low on Sunday
The price of gasoline across the GTA is expected to hit an eight month low on Sunday.
Gas prices in the Greater Toronto Area (GTA) are projected to reach an eight-month low on Sunday, according to En-Pro, as reported by CityNews. Prices are expected to drop by 5 cents, settling at an average of 153.9 cents per litre in most stations across Toronto and the GTA, marking the lowest point since March. This downward trend has seen gasoline prices decline by 15 cents since the beginning of the month and 23 cents over the past 30 days.
Despite ongoing attacks on oil tankers and shipping in the Strait of Hormuz by Iran, which has contributed to global energy price increases, the local gas prices in the GTA are expected to remain significantly lower than the international market average of $95.84 a barrel for Brent crude.
Brief written by urgent.news from CityNews's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
