Toronto gas prices expected to hit $1.32 on weekend

Gas Will Be More Expensive Than Ever Before In Montreal

Hurricane Harvey has wreaked havoc in Texas along the Gulf Coast, causing oil refineries to pre-emptively shut down production.

Between the service disruptions in the gulf due to the storm, and the busy travel weekend, you can expect the prices to rise even more.

Thursdays price at the pumps in the Greater Toronto Area was about 119.0 cents a litre — but was expected to hit 124 cents a litre on Friday and then soar to a projected 132 cents a litre on Saturday.

GasBuddy.com's senior petroleum analyst Dan McTeague issued a warning to drivers on Friday afternoon, noting the hike is on top of the five cent increase we're seeing today.

McTeague said although Alberta doesn't import gasoline from the US, the prices are based on the larger market conditions.

Even with gas prices spiking here in SC, the state still ranks as one the top 10 least expensive markets in the nation. At the start of the week, prices were about $1.14 a litre. Still, the rise in inevitable, said McTeague.




"Inventories are declining, wholesale prices are rising, and that will have an impact in Eastern Canada more than in Western Canada, just because of its proximity to that major market in the States", said Kent Group senior vice-president Michael Ervin.

McTeague said how much the price actually jumped up works out to be closer to nine cents, but the message is the same.

"We may be looking at a 10 percent or maybe 15 percent increase, but I don't expect that to last for a very long time".

Grant says while no one likes higher gas prices, the news is not as bad as it seems.

Canadian gasoline prices vary substantially by region and city, with Alberta, Saskatchewan, Manitoba, and most of the Atlantic provinces below the national average.

Related news:

Hot News

isis-killer-beheading-video-story-top Four Companies Picked to Build Border Wall Prototypes
Sep 02, 2017 - 01:17
They have been "designed to deter illegal crossings in the area in which they are constructed", according to a CBP press release. Each prototype will be 30-feet long and up to 30-feet high, and will be located within close proximity of each other, he said.

isis-killer-beheading-video-story-top Gas prices spiking in Tennessee; analysts point to Hurricane Harvey
Sep 02, 2017 - 01:15
Colonial Pipeline has already shut down a major line that supplies diesel and aviation fuels. But, Barker says if the gas supply dries up, he'll have to cancel the donation program.

isis-killer-beheading-video-story-top Windows 10 Fall Creators Update is heading your way from October
Sep 02, 2017 - 01:14
The update also comes with some improvements to Windows Ink, allowing you to mark up PDF files in the Edge browser. A new device, Fujitsu Lifebook P727, will be available also, but with Windows 10 S installed by default.

isis-killer-beheading-video-story-top Amber Alert issued after mother, 1-year-old son taken at gunpoint
Sep 02, 2017 - 01:11
The vehicle was found parked behind a medical center at 1741 Cypress St.in Pueblo late Thursday afternoon. Adams has a cancer-survivor ribbon and butterfly tattooed on her wrist, police said.

isis-killer-beheading-video-story-top Oval evacuated as crossbow lands on pitch
Sep 01, 2017 - 02:13
A statement from Scotland Yard said: "At this early stage it is believed that the object came from outside of the ground ". Living and working in London, the threat is always with us.

Trump calls for a broad tax reform, but remains stingy details
Sep 01, 2017 - 02:11
We are ready to rise to the challenge and join with President Trump to make this case to the American people. Republicans have been vocal advocates for tax reform over the years.

isis-killer-beheading-video-story-top Sharapova tops No. 2 Halep at US Open
Sep 01, 2017 - 02:11
Tennis' former world No. 1 and five-time Grand Slam victor pulled off a 6-7 (4-7), 6-4, 6-1 win over Timea Babos of Hungary. Sharapova is going to need plenty of that grit she talked about as she negotiates the women's locker room hierarchy.

isis-killer-beheading-video-story-top State Department Hits Back At Russia For Kicking Out US Diplomats
Sep 01, 2017 - 02:11
It was a "professional" call in which both sides reiterated a desire to improve relations between the two countries. Nauert, however, warned "the United States is prepared to take further action as necessary and as warranted".

isis-killer-beheading-video-story-top Bettors believe Riyad Mahrez destined for the Nou Camp
Sep 01, 2017 - 02:08
Barcelona have been the most popular bet this morning for Mahrez's next club, with just under 46% of stakes on the Spanish giants. Riyad Mahrez has been allowed to leave Algeria's training camp as he looks to seal a transfer to a new club on deadline day .

isis-killer-beheading-video-story-top Protect yourself from West Nile Virus
Sep 01, 2017 - 02:07
Apply insect repellent containing DEET, picaridin, oil of lemon eucalyptus, or IR 3535 according to label instructions. DOORS - Make sure doors and windows have tight-fitting screens.

isis-killer-beheading-video-story-top Doctor's body found in seashore after Mumbai deluge
Sep 01, 2017 - 02:04
Quoting eyewitness records, the police said that Amarapurkar fell into a manhole in a flooded street in Lower Parel on Tuesday. His wallet was also found on him.After the locals spotted the body around 7.30 a.m, the police rushed to the spot.

isis-killer-beheading-video-story-top Left-wing MSPs rule out Scottish Labour leadership bid after Kezia Dugdale quits
Aug 31, 2017 - 01:46
Sarwar is the current Ladbrokes favourite to become the next Scottish Labour leader, with the betting firm giving him odds of 2/1. He will also take her position on Labour's National Executive Committee, which could tip the body in Corbyn's favour.

isis-killer-beheading-video-story-top Novartis prices CAR-T Kymriah at $475K
Aug 31, 2017 - 01:45
Each dose of Kymriah contains a patient's own immune cells, which are sent to a lab to be genetically modified using a virus. The price is well below the $700,000 that was estimated before the approval of the drug.

isis-killer-beheading-video-story-top Oil prices gyrate as market grapples with United States hurricane damage
Aug 31, 2017 - 01:41
Crude prices slipped back in Asian trade Wednesday as a key U.S. oil-producing region reeled from the devastation caused by monster storm Harvey .

isis-killer-beheading-video-story-top FDA green-lights firmware update to address cybersecurity concerns for pacemakers
Aug 31, 2017 - 01:41
It recommended patients with implanted pacemakers to talk with their physicians to determine if the update is right for them. Patients with affected devices should schedule an in-person visit to have the firmware update installed, the FDA said .