According to gas price analyst Dan McTeague, gas will drop to 176.9 tomorrow in the GTA, including Toronto, as well as Hamilton, Kitchener, Ottawa, Barrie, London, Windsor, Niagara and most of southern Ontario.
“This is the lowest rate since April 15,” said McTeague, president of Canadians for Affordable Energy.
But that less expensive price won’t last long, as natural gas is expected to rise again by at least seven cents a liter on Saturday to 183.9, he noted.
McTeague said Ontarians will likely see fuel costs rise in the near future.
“What’s happening, I think, around the world is that these lower prices, temporary as they are, actually encourage more demand and that’s going to leave us with even tighter supply for the rest of the summer,” he said.
“Demand has not been hit hard. People have chosen to forego other purchases. They do need fuel to go from point A to point B, so I think part of that is probably the sweet spot for the next week or so. After that, mind you, I think we’re back to two dollars a litre.”
