GTA gas prices will equal all-time record later this week, industry analyst predicts

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Greater Toronto Area gas prices will soon equal the all-time record set just two months ago, as the pain at the pumps for drivers continues.

Industry analyst Dan McTeague, who is the president of Canadians for Affordable Energy, tells CP24 that the average cost of a litre of fuel will rise four cents at midnight on Wednesday to 1.90.9 cents per litre.

’“I expect we will be towards $2 a litre at some point around the May 24 weekend,” McTeague told CP24 last week. “I take no pride in saying this is going to happen but we have been warning the circumstances are certainly pointing towards that.”The cost of a litre of fuel dipped as low as 163.9 cents per litre in early April but the blip proved to be temporary.

 

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Rolling boycotts

AANNND our government does nothing.. Liberals driving Ontario into recession...

I'm paying almost 2.50 for diesel.... it costs like $140 to fill up my Volkswagen golf... people are going to start starving to death

Sick…..

And he’s staying in power for 3 more years 😩😩😩

If only Canada had its own oil supply

You will own nothing and be happy

They predict? Or they know!

2008 oil was $106 a barrel and we were $1.18 at the pumps, is this not corporate creed, no need for this

It will reach $2.00 by mid May if not end of May. Should be $3-$4 bucks by end of year. If it gets to $5 bucks that will be disgusting.

GetItDone VoteFordOut2022

It be 3$.... The ones who are laughing are oil companies...but we will complain but nothing will happen. Even if the carbon tax is eliminated nothing will happen...the governments are going blame the Ukraine/Russian situation and wait till China fully reopens.

Disgusting

Of course it will and JustinTrudeau is blaming it all on Russia. How convenient👎

Scary shit. Really scary shit.

Diesel ⛽ is $2.45

F Joe & Justin together for the mass

Oh yeah do I hear 2.14 Come on, baby, you can do it.

Take public transit

Gotta get that CERB money back somehow.

Suck us dry …. Recession coming

4 cylinders on regular woot woot!

Time to boycott oil company's. Stop buying fuel for one week to send a message

Idoits

Good thing you added the carbon tax to help with record high oil prices JustinTrudeau

Need to start up all the oil canada and USA shut down.

Why don’t Ford and Trudeau give us a gas and carbon tax holiday for 3 months

Yet prices went down

But no protests for that eh and will drive to one for freedom ....😏😏🤣🙄

Maybe this analyst just needs to shut up and stop speculating. Looks like he is paid by big oil to soften us up for the shaft.

Educate yourselves: . The price of crude is increasing and so are the pump prices. Taxes don’t fluctuate weekly, commodities on an open market do. Yes, increase of 2.2c/litre from carbon tax April 1st does suck, but it’s not the reason for record highs.

Thank you carbon tax raises! 😡😡. Cut the taxes on gas!

Its only some parts of Canada and some states, nowhere else is effected, they lied saying it was about the war, it's because the pandemic and the government is broke af

Bloody government

In line with the oil companies all time profits.

I'll just stay home and watch TV instead, too expensive to drive to work now!

Can the liberals make gas $1/L instead of TTC fares? Then maybe people would vote for them.

Shit

Thank you, Justin! Justinflation

Look my naked photo ❤️😘

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