Gas prices in some Ontario cities will climb over $2 a litre this weekend: analyst

Gas costs in some Ontario cities will climb over $2 a litre this weekend: analyst

Gas prices will proceed to shatter information as the worth on the pumps proceed to rise this week.

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For the primary time, drivers in lots of Ontario municipalities shall be paying over $2 a litre for gasoline.

Read extra:

Toronto-area gas prices set to drop 4 cents on Thursday, but will rise again on Friday: analyst

“Overnight Friday to Saturday we’re going to see a five-cent a litre enhance,” stated Dan McTeague, president of Canadians for Affordable Energy.

This rise could have costs attain $2.029 per litre Saturday.

McTeague additionally predicts a six-cent enhance in a single day Saturday into Sunday, which could have gasoline costs sitting at round $2.08 by the tip of the weekend.

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The Greater Toronto Area noticed a drop in costs on Thursday earlier than rising to 197.9 cents per litre Friday at most gasoline stations.

Read extra:

Gas prices in Toronto-area set new record high again, could rise further over the weekend

“Count on it to be worse. Count on it to get actually dangerous between now and the May lengthy weekend,” McTeague stated in an interview with Global News.

McTeague stated a number of components together with a weak Canadian greenback, provide and demand points and the federal carbon tax have pushed gasoline costs larger.

The earlier report was round $1.99 per litre, which was set Monday.

© 2022 Global News, a division of Corus Entertainment Inc.


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