Ontario Gas Prices Set To Spike  Tomorrow & You'll Want To Wait On That Fresh Tank Of Gas

If you hold out till Friday, you may see prices drop.

Esso gas station.

Esso gas station.

Google Maps
Creator

Ontario gas prices have had more ups and downs than the Leviathan at Canada's Wonderland, and they're set to climb back up the roller coaster track on Thursday.

So, you may want to wait a day before heading to the pumps.

Dan McTeague, gas analyst and president of Canadians for Affordable Energy, posted a tweet on June 29 stating that after gas prices tank by 2 cents on Wednesday, they'll rise right back up Thursday with a 4-cent increase across the GTA and in most of Ontario.

According to McTeague, this Thursday's rise will bring gas prices across most of Ontario to 204.9 cents per litre.

If you're feeling motion sickness from being jerked around by gas prices, hold on tight because McTeague predicts a steep drop shortly, with prices set to fall by 6 to 7 cents on July 1.

Premier Doug Ford's gas tax legislation is set to start on July 1, cutting gas tax by 5.7 cents per litre and 5.3 cents per litre on fuel tax for the next six months.*

If you can't wait for Friday's anticipated drop, the cheapest spot to get gas in Ontario on Thursday will be in Peterborough, with prices expected to rise eight cents to 199.6 cents per litre, according to Gas Wizard.

However, you'll want to avoid Sudbury, with prices expected to be the most expensive of Gas Wizard's listed cities in Ontario at 212.9 cents per litre.

This article's cover image was used for illustrative purposes only.

*This article has been updated.

From Your Site Articles
ontario gas prices torontogas tax cutgas price ontariowhy are gas prices so high in ontarioontario gas priceswill gas prices go down in ontariodoug fordcanadas wonderlanddan mcteaguegas prices london ontarioprice of gas in ontariogas prices tomorrowdoug ford announcementgas wizardgas prices ontariogas prices in ontariogas prices canada
TorontoCanadaNewsNews
  • Brooke Houghton
    Brooke Houghton (she/her) was a Toronto-based writer for Narcity Media. Brooke has written for publications such as blogTO, Post City, Vitalize Magazine and more.

Liberals plan to suspend fuel excise tax

Liberals plan to suspend federal fuel excise tax until Labour Day

Canada's gas prices are surging amid the Iran war and Carney says relief could be coming

The PM says his government is looking at ways to "cushion the blow" of rising costs for Canadians.

Pierre Poilievre is calling for fuel tax cuts that could lower gas prices in Canada by 25 c/L

"It's time to have the government pinch its pennies, so Canadians don't have to."

Grocery prices in Canada could rise as the Middle East conflict disrupts supply chains

Experts warn rising oil prices could soon make groceries more expensive for Canadians.

Ontario has a chain of 11 emerald islands with sapphire waters and dreamy sand beaches

It just reopened for the season.

This boardwalk trail near Toronto winds through a forest to a rare cobble beach

Get your hiking boots ready!

You're not a true Ontarian unless you've visited at least 5 of these 10 cute towns and villages

How many have you been to?

I tested out the most Canadian chips and ranked them from best to worst

It's time to settle the dispute, once and for all.

This beautiful Ontario town is a cherry blossom dreamland with European vibes

Time for a spring road trip! 🌸

If you're visiting Ottawa skip these 7 popular spots (and go to my hidden gems instead)

Not everything in Ottawa is worth the hype 👀

The 'Prettiest Little Town in Canada' is 1.5 hours from Toronto and it's a riverside gem

It's known for its cobblestone charm.

I stayed in Canada's 'most livable city' and here's what life there is actually like

Does it live up to its title?👑

Canada's 'warmest' saltwater beach is a 2 hr flight from Toronto and it’s a silky sand oasis

You don't need to leave the country for a beach getaway.