Ontario Gas Prices Could Drop By 5 Cents Tomorrow, So Maybe Don't Fill Up Your Tanks Today
You might want to wait until the weekend.
A pump at a gas station.
If you blew a big chunk of change filling up on gas in Ontario on Friday morning, you're really going to be kicking yourself this weekend.
According to Dan McTeague, gas analyst and president of Canadians for Affordable Energy, prices will drop by 5 cents per litre on Saturday after shooting up by 6 cents on Friday.
In Case You Missed It or don\u2019t visit https://GasWizard.ca\u00a0 \u2026\n\n#GasPrices to FALL 5 cents a litre Saturday for #Toronto #Mtl #GTA #Ottawa #HamOnt #LdnOnt #Barrie #Kitchener #Niagara #Windsor and most of #Ontario and #Quebec \n\nLook to another 2 cent drop Sundayhttps://twitter.com/gaspricewizard/status/1509601532806840331\u00a0\u2026— Dan McTeague (@Dan McTeague) 1648818237
Areas expected to be affected by the drop include Toronto and the GTA, Ottawa, Hamilton, London, Barrie and Niagara, with each seeing prices of 168.9 cents per litre.
The good news appears to be coming in pairs this time around, with another 2 cent drop expected by Sunday.
So, if you can somehow avoid filing up until the end of the weekend, it will likely save you a few bucks.
According to Gas Wizard, places with the cheapest prices will be Cornwall, Windsor and Kingston, which are set to see prices drop by 6 cents resulting in totals of 167.9 cents per litre.
The most expensive area for gas will be Thunder Bay, with prices still stuck at 192.9 cents per litre, followed not-so-closely by Sudbury, where totals will be 188.4 cents per litre.
In a tweet on Thursday, McTeague said that energy markets were falling in the wake of the U.S. announcing it will release 1 million barrels of oil per day.
Good news: energy markets are falling for the headfake of the US releasing 1 million barrels of oil per day, serving only to disincentive further real oil production. The 180 m/b over 6 months represents less than 2 days of global consumption. \n\nShort term: 5 cent drop @ the— Dan McTeague (@Dan McTeague) 1648752027
Ontario gas prices began fluctuating wildly during March, reaching an all-time high during the first week.
The high prices led Ontario NDP Leader Andrea Horwath to announce that she would be teaming up with MPP Gilles Bisson to table a bill to regulate provincial gas prices.