GTA gas prices: Analyst says drivers should wait to fill up until Saturday

Gas prices in the GTA are expected to drop another six cents per liter overnight, reaching a price that drivers haven’t seen since April.

Industry analyst Dan McTeague, of Canadians for Affordable Energy, tells CP24 that he is expecting gas prices to fall to an average of 168.9 cents per liter as of midnight across most of Southern Ontario.

The latest decrease comes after gas prices fell four cents per liter on Friday.

Gas prices have now been on the decline for more than a month after peaking at a record 214.9 cents per liter in the GTA on June 11.

Gas prices, nonetheless, remain well ahead of where they were at this time last July when the highest average price recorded at the pumps was 139.9 cents per liter.

The surge in prices has been mostly attributed to supply chain challenges resulting from the war in Ukraine.

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