Gas Prices Set to Plummet Across Ontario This Weekend

Exciting news for motorists in Ontario! This weekend, drivers in several cities including the Greater Toronto Area can expect a significant dip in gas prices.

According to industry analyst Dan McTeague, recent changes in energy markets—especially related to the ongoing U.S. tariff discussions—have led to a dramatic drop in oil prices, which plummeted by over six percent. This fluctuation has caused the price per gallon on the New York Mercantile Exchange (NYMEX) to decrease by 18 cents.

What does this mean for Ontario drivers? McTeague forecasts that gas prices are set to decrease by approximately eight to nine cents per litre on Saturday. This reduction will bring prices in major urban centers such as Toronto, Hamilton, London, Kitchener-Waterloo, Barrie, and Ottawa down to around $1.32 per litre, creating a much-needed relief for those hitting the roads.

If you were contemplating filling up your tank, experts advise holding off until the weekend to maximize your savings. This unexpected drop could significantly impact your budget, especially with holiday travels approaching.

Stay tuned for more updates and make sure to take advantage of these savings at the pumps!