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Ontario Gas Prices Are Set To Spike This Week & Will Be The Highest In 7 Years

Fill up your tanks before it's too late.

Ontario Gas Prices Are Set To Spike This Week & Will Be The Highest In 7 Years
Valentino Visentini | Dreamstime

You might want to fill up your tanks now. Ontario gas prices are about to get a lot more expensive.

Dan McTeague, gas analyst and president of Canadians for Affordable Energy, said in a tweet on Tuesday that prices will rise another 2 cents, bringing the total to a whopping 142.9 cents per litre by Wednesday.

McTeague noted that the significant spike will bring about the highest gas prices the province has seen since June of 2014.

The increase is set to affect numerous cities including Toronto, Windsor, Niagara, Brampton, Barrie and Kingston.

Ontario gas prices had previously hiked up to 141.9 cents per litre back in August, which also hadn't been seen in 7 years.

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Ontario Gas Prices Are Set To Drop On Thursday Before Shooting Back Up Again

Better pump those tanks quick on that day!

Valentino Visentini | Dreamstime

There is going to be a small window of opportunity to save on Ontario's gas prices this week.

Dan McTeague, president of Canadians for Affordable Energy and gas analyst, tweeted that prices are likely going to fall two cents a litre this Thursday, December 2, in the GTA, Ottawa, Hamilton, Barrie, London, Kitchener, Niagara, Windsor, and most other places across Ontario.

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Ontario Gas Prices Are Set To Rise Again & Here's The Best Time To Fill Up

We're in the sweet spot right now.

Bsenic | Dreamstime

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 In Canada Plummet In An 'Overreaction' To The Omicron COVID-19 Variant

It's down 11 cents a litre in some places!

Deymos | Dreamstime

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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Ontario Gas Prices Are Dropping By 11 Cents A Litre & Here's The Best Time To Fill Up

It's only expected to last a couple of days!

Oleg Mayorov | Dreamstime

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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