Dec 06, 2022
By Angus Gillespie
During a time when inflation remains high, drivers in the Greater Toronto Area will get a bit of good economic news on word gas prices are expected to decline as of midnight tonight.
According to industry analyst and Canadians for Affordable Energy President Dan McTeague, the price at the pumps is likely to decline by three cents per litre, which would take the average to $140.9 for regular unleaded.
The last time gas prices in the GTA were that low was January 2.
McTeague says he expects the three cent drop to happen overnight on Tuesday, with prices staying the same the following day.
Relief at the pumps is expected to hit most regions of southern Ontario.
Gas prices in the province have been steadily falling for almost a month after reaching $180.9 cents per litre in late October; the highest they’d been since July 28.