Introduction

Get ready to dig deeper into your pockets, Toronto! Drivers in the Greater Toronto Area (GTA) can expect a significant spike in gas prices this Saturday, October 5th.

Price Forecast

Industry expert Roger McKnight, Chief Petroleum Analyst at En-Pro International Inc., forecasts that prices will soar by four cents, reaching an average of 152.9 cents per litre at most stations.

Recent Trends

This marks the highest price seen in a month, drawing comparisons to early September when prices peaked at 154.9 cents per litre.

Recent Relief

Recently, GTA drivers enjoyed a rare relief with five consecutive days where they paid only 145.9 cents per litre from September 28 to October 2—the lowest rate since February.

Historical Pricing

To put things into perspective, last month's pricing saw a high of 154.9 cents per litre, while August was even more painful at 167.9 cents per litre. The situation peaked in July, where the staggering prices hit 170.9 cents per litre—only to dip slightly to 164.9 cents by the end of the month.

Factors Influencing Prices

As the weekend approaches, many are left wondering what factors are influencing these rising costs. Is it geopolitical tensions, a supply chain crisis, or perhaps the growing demand as the colder months set in?

Conclusion

Stay tuned as we dive deeper into the economic forces at play and how they might affect your next fuel purchase. Don’t miss out—this weekend's price increase could leave you breathless!