Gas prices in Ontario to soar to 5-month high Wednesday
Gas prices in southern Ontario are set to spike to their highest level since the fall on Wednesday.
toronto.ctvnews.caHere’s the latest I can provide based on recent coverage.
Direct answer:
- Gas prices in Toronto and the GTA have fluctuated in the past weeks, with reports noting both modest dips and renewed price pressure tied to global oil-market developments. A notable update from early March 2026 indicated a forecast of a six-cent rise to around 152.9 cents per litre in some GTA stations, reflecting broader supply-and-demand dynamics during unfoldings in the Middle East and crude prices. Another update during April 2026 showed occasional price drops of around 13–14 cents per litre in some sessions, followed by renewed increases as seasonal blends and crude costs shifted. Overall, expect daily volatility rather than a consistent directional trend, with prices often moving in small increments (a few cents) on any given day.[1][3][5]
Context and what to watch:
- What drives local changes: Crude prices, refinery input costs, seasonal fuel blends, and regional supply disruptions all influence GTA pump prices. For example, discussions around the Iran conflict and its effect on oil shipments were cited as a driver behind price movements in early 2026. In contrast, price drops have occurred when seasonal adjustments or tax changes have reduced costs at the pump in other periods.[5][1]
- Sources of daily updates: Local Toronto outlets (CityNews and CTV Toronto/CP24) frequently publish GTA-specific price forecasts and snapshots, including predicted changes at 12:01am and daily variability.[3][1][5]
Would you like:
- A current, day-by-day snapshot for Toronto/GTA gas prices for the next 7 days, if available?
- A short chart showing recent price trends (in cents per litre) over the last 4–8 weeks?
- Links to the specific local price trackers and the latest price forecasts from those outlets?
Citations:
- Toronto gas prices set to rise six cents on Saturday, with an expected average of 152.9 cents/litre in GTA stations, tied to Iran-related oil-market dynamics.[1]
- GTA gas prices news coverage and daily forecasts, including ongoing fluctuations and regional price updates.[3]
- Reports of recent dips and spikes in GTA gas prices tied to seasonal and market factors.[5]