Â鶹´«Ã½

Skip to main content

Gas prices jump in the GTA., dip in Vancouver Sunday; more hikes expected

Share

The price of gasoline jumped to at least $2.15 per litre in some parts of Canada on Sunday, up three cents from Saturday, according to the (CAA).

“Gas prices will continue to rise in the upcoming months, and it’s going to hit all the provinces in Canada,†Dan McTeague, president of Canadians for Affordable Energy, told Â鶹´«Ã½ on Saturday.

He predicted that Sunday would see a price hike in the (GTA) and most of southern Ontario, pointing out that the last record high was just on May 18, .

The average price for gas in Ontario on Sunday was about 209.6 cents or $2.09 per litre, up three cents from yesterday’s average of 206.6 cents or $2.06 per litre, according to the CAA.

Last year’s average on this day was 129 cents or $1.29 per litre.

According to Gas Wizard, which is run by McTeague, the price of regular gas in remained the same as Saturday at $1.87 and $1.89 per litre on Sunday, respectively.

The highest per-litre rate seen so far is in Vancouver, with yesterday’s average hitting $2.29 per litre. Prices dipped slightly on Sunday with the new average coming up to $2.26 per litre.

The current price hike comes after months of soaring petrol prices in the GTA, owing to a fuel supply scarcity, along with a tightening of the global supply of energy, exacerbated by sanctions imposed on Russia for its invasion of Ukraine.

Last year, Russia accounted for 14 per cent of the global oil supply, according to the International Energy Agency (IEA), and the West's sanctions on Russia could be creating a significant gap in the market without a sufficient alternative in place.

Other factors such as post-pandemic demand along with the arrival of summer are leading to price hikes as people venture outdoors, McTeague says.

Doug Ford’s Progressive Conservatives – who won a majority government for a second term – promised during their campaign trail that they would temporarily reduce the gas tax in Ontario by 5.7 cents per litre for six months starting July 1, but McTeague isn’t optimistic for more than temporary relief.

“I would not be surprised if prices in Ontario reach up to $2.25 in the coming summer months,†he said.

With files from CTVNews.ca Writer Michael Lee

CTVNews.ca Top Stories

An Ontario family was planning a religious trip to Saudi Arabia that included 10 people, but when they were checking in for their flights, the family discovered some of their tickets were fake.

W5 Investigates

W5 Investigates What it's like to interview a narco

Drug smuggling is the main industry for Mexican cartels, but migrant smuggling is turning into a financial windfall. In this fourth instalment of CTV W5's 'Narco Jungle: The Death Train,' Avery Haines is in Juarez where she speaks with one of the human smugglers known as 'coyotes.'

A B.C. man has been ordered to pay a total of $4,000 to a Coquitlam company and its two owners because of a negative review he posted on Google.

Local Spotlight

The grave of a previously unknown Canadian soldier has been identified as a man from Hayfield, Man. who fought in the First World War.

Moving into the second week of October, the eastern half of Canada can expect some brisker fall air to break down from the north

What does New Westminster's təməsew̓txʷ Aquatic and Community Centre have in common with a historic 68,000-seat stadium in Beijing, an NFL stadium and the aquatics venue for the Paris Olympics? They've all been named among the world's most beautiful sports venues for 2024.

The last living member of the legendary Vancouver Asahi baseball team, Kaye Kaminishi, died on Saturday, Sept. 28, surrounded by family. He was 102 years old.

New data from Greater Vancouver and the Fraser Valley shows a surge in supply and drop in demand in the region's historically hot real estate market.

On Saturday night at her parents’ home in Delaware, Ont. the Olympic bronze medallist in pole vault welcomed everyone who played a role in getting her to the podium in Paris.

A tale about a taxicab hauling gold and sinking through the ice on Larder Lake, Ont., in December 1937 has captivated a man from that town for decades.

When a group of B.C. filmmakers set out on a small fishing boat near Powell River last week, they hoped to capture some video for a documentary on humpback whales. What happened next blew their minds.

A pizza chain in Edmonton claims to have the world's largest deliverable pizza.

Stay Connected