Gas prices in Toronto and the Greater Toronto Area (GTA) are set to decrease once again this week, providing some relief to drivers. Industry experts are forecasting a nine-cent drop, bringing the price down to 163.9 cents/litre by Thursday.
Throughout the summer, gas prices in the region have been on a rollercoaster, with fluctuations of up to 10 cents in a single day. Recent data from CityNews shows that, on average, GTA gas stations have been selling fuel for around 172.9 cents/litre, holding steady in early August after minor dips earlier in the month.
The price swings have been noticeable, with July experiencing highs of 183.9 cents/litre and lows of 163.9 cents/litre, a 20-cent difference within a single month. June also saw significant variations, ranging from 157.9 to 177.9 cents/litre, indicating ongoing instability in the market.
Back in May, the price range widened even further, from 169.9 to 192.9 cents/litre, driven by supply issues from refineries and fluctuations in global crude oil prices.
Get ready for some relief at the pumps as gas prices in Toronto and the GTA are expected to drop this week, easing the burden on drivers amidst the summer price fluctuations.
Keyphrase: Toronto gas prices