Ontario Gas Prices Are Set To Rise This Week & Will Be The Highest Ever

If you're running low on gas, you may want to fill your tank up on Thursday because Ontario gas prices are set to rise this weekend.

President of Canadians for Affordable Energy and gas analyst Dan McTeague announced in a tweet that prices will rise another cent on Friday.

This means that gas prices are set to rise to a whopping 149.9 cents a litre in some parts of Ontario, including Toronto, London, Hamilton, Kitchener and more.

McTeague told Narcity that "the small increase of 1 cent represents a fresh new high for gasoline and diesel."

This record-breaking increase isn't exactly a surprise, as gas prices have already broken provincial records this month.

If you filled up over the weekend, you probably noticed that Ontario gas prices are surprisingly low right now. In fact, they are downright affordable, which, as you've likely guessed, won't last very long.

After months of ping-ponging prices, the province's cost of gas dropped by a whopping 11 cents on Sunday, bringing it to its lowest rate since the summer.

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Gas prices are plummeting across most of Canada due to an "overreaction" of a new COVID-19 variant being discovered, according to an analyst.

Gas prices analyst Dan McTeague announced to his 24.9K Twitter followers over the weekend that gas prices were set to drop by up to 11 cents a litre across almost all of Canada.

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If you're waiting for the right time for Ontario gas prices to drop from their monumental highs, it's now.

According to gas prices analyst Dan McTeague, prices at the gas station have dropped up to 11 cents on Sunday, November 28 in cities across Canada.

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Unfortunately, what goes down (or in this case, plateaus) must eventually come back up.

Gas prices are expected to rise on Wednesday after recently dropping slightly. So, if you're looking to save some money, you might want to head to the pumps today or be a bit picky about where you fill up tomorrow.

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