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Gas Prices Soar Ahead of Labour Day | Toronto News

Gas Prices Soar Ahead of Labour Day | Toronto News

Published 1 week, 4 days ago
Description

Gas prices in Toronto are set to surge again this weekend—with a seven-cent jump by Sunday, pushing the average to nearly $1.76 per litre. Analyst Dan McTeague warns more hikes are coming: another two cents Saturday, then a five-cent leap Sunday, possibly hitting $1.90 by next weekend. The spike is fueled by diesel’s record-high costs—up a dollar from last year—even as demand slows. With the federal fuel tax suspension ending after Labour Day, pressure mounts on Ottawa to keep it paused amid rising costs that ripple through everything we buy.

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