Ontario gas prices are on track to reach an unprecedented peak this weekend, says one expert.
In most of the province, prices are expected to reach $ 2.10 to $ 2.11 per liter on Saturday, said Dan McTeague, president of Canadians for Affordable Energy.
“Today we saw an increase of one cent and that brought us $ 2,039,” he said Thursday afternoon. “Tomorrow it will rise again by five cents per liter to $ 2,089, and if something does not change drastically, we will pay $ 2,109 by Saturday.
“That’s a penny higher than what we paid the last time we broke our record on May 18, when it was $ 2,099.
Gas prices have been rising sharply for months due to supply shortages, fueled by sanctions against Russia for its invasion of Ukraine.
McTeague said the demand for daylight saving time is exacerbating the situation in Ontario, as people go outdoors in warm weather.
Depending on the outcome of Thursday’s provincial election, various parties have vowed to focus on rising tax prices.
Progressive Conservatives promised during their campaign that they would temporarily reduce the gas tax in Ontario by 5.7 cents per liter for the six months from July 1.
McTeague said he would not be surprised if Ontario gas prices rose to $ 2.25 later this summer.
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