Gasoline prices will rise again to a new record high in the Greater Toronto Area.
According to Canadians for Affordable Energy President Dan McTeague, pump prices are expected to hit a record $ 212.9 per liter on Sunday in the GTA and most of southern Ontario.
“By the way, the last (record) was $ 209.9 for a day, on May 18. So it’s not just here in Toronto (that prices are rising). Montreal will see the same, Vancouver will see The provinces of La Pradera … will see the same, they will see that the prices will go up towards a record territory “, he said on CP24 on Friday.
The latest price jump comes after months of rising fuel costs in the GTA, due to a fuel shortage influenced mainly by sanctions against Russia for its invasion of Ukraine.
McTeague said gasoline prices also tend to rise in the summer as people spend more time traveling.
He predicts prices could reach $ 225.0 per liter sometime this summer.
“Maybe some relief will come from last night’s election if the government fulfills its commitments to lower taxes … but given the general magnitude of the shortage of supply of diesel, oil and, above all, gasoline during the summer season, you know, the limit is the sky. Everything is possible and you will continue to see broken records this summer. “
During the campaign, Doug Ford’s progressive Conservatives, who won a majority government for a second term, vowed to temporarily reduce Ontario’s gas tax by 5.7 cents per liter for six months from the start. July 1.