Another rise expected at the pumps tomorrow, followed by a drop on Saturday
Some more pain at the gas pumps.
After today's five cents a litre increase, prices are expected to jump again at midnight.
Dan McTeague of Canadians for Affordable Energy say prices will go up another three cents a litre for most of Ontario, bringing the average price to just under $1.67.
This is the highest amount since November 10th.
However, McTeague is calling for a price drop on Saturday, due to a potential default in the United States.
In Niagara, prices are currently hovering around $1.55.
Fitch placed the US credit AAA rating on “Watch”
— Dan McTeague (@GasPriceWizard) May 25, 2023
Look for a serious DROP IN GAS PRICES SATURDAY as politics there could lead to a serious and unprecedented default. https://t.co/M1nmH6oi2u
⛽️ Price 🚨: After rising 5 cts/l, #GasPrices to rise 3 cts/l to 166.9 for #Toronto #GTA #Ottawa #Hamilton #Kitchener #Barrie #LdnOnt #Windsor #Niagara #Kingston & most of #Ont #Montreal & #QuebecCity see same hike to 177.9 cts/l
— Dan McTeague (@GasPriceWizard) May 24, 2023
These are the highest⛽️ prices since Nov 10
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