Image by Alexas_Fotos from Pixabay

Toronto, GTA gas prices headed for sharp 7-cent increase on Friday

Drivers across Toronto and the GTA will face another spike at the pumps, with gas prices set to rise seven cents at 12:01 a.m. Friday, pushing the average price from 179.9 to 186.9 cents per litre at most stations.

The increase comes amid a turbulent stretch of price swings across the region. According to the CityNews Gas Price Tracker, the GTA has seen everything from sharp drops to sudden jumps throughout April — including a 13‑cent decrease on April 10 (173.9), an 8‑cent surge on April 18 (181.9) and a 5‑cent rise on April 24.

The monthly high was 188.9 cents per litre at most gas stations on April 8, with the low registering at 163.9 cents on April 20 and April 21.

Recent days have been comparatively steady, hovering around 176.9 cents per litre before this week’s climb.

Industry analysts have warned that the current volatility may continue, with forecasts frequently shifting throughout the day due to market fluctuations and refinery dynamics.

More to come