Ontario Gas Prices Are Set To Rise Again This Weekend & Say Goodbye To Savings

Ontario gas prices are set to rise again this weekend, and you're going to want to fill up your tank soon if you don't want your bank account to take a big hit.

Dan McTeague, gas price analyst and president of Canadians for Affordable Energy, took to Twitter on Friday to warn drivers of an incoming price increase of 3 cents per litre on Saturday.

Areas that will experience the spike include Toronto, Brampton, Oshawa, Oakville, and Niagara, with prices jumping to 161.9 cents per litre, according to Gas Wizard.

The increase will affect many cities in the province. However, a few spots will dodge the increase altogether, including Thunderbay, Cornwall and Sudbury.

However, residents of Sudbury won't be in for savings since the city's gas prices sit at a total of 170.9 cents per litre thanks to a 4-cent hike on Thursday.

Cornwall is currently seeing some of the lowest prices across the province, with prices expected to remain at 155.9 cents per litre on Saturday.

McTeague had previously reported that gas prices could increase by 8 to 9 cents a litre for the weekend. However, he later said that Europe and the U.S. governments' refusal to sanction Russia's oil and gas following its attack on Ukraine was why prices spiked less dramatically.

Ontario gas prices have continued to reach new highs this year. Back in January, prices smashed records after spiking to 152.9 cents per litre in the GTA.

A number like that is actually starting to sound reasonable, considering where the provincial prices are at now.