President of Canadians for Affordable Energy, Dan McTeague told the source that “he is anticipating the price of a litre of gasoline in Ontario will rise by another six cents per litre on Thursday.”

McTeague has also noted that this will be one of the highest one-day hikes in the province in the last decade.

Since August 4, the gas price will be the highest on Thursday.

McTeague noted, “So if you see $1.52.9 here in the GTA or Ottawa, or anywhere across most of southern Ontario, you might want to fill up today. I don’t see this getting better.”

He further added, “And it’s really being driven by global circumstances, in particular, OPEC (Organization of the Petroleum Exporting Countries) that’s likely to cut oil production…to get oil prices back up to where they believe it should be, which is $90 a barrel versus $76 (or) $77.”

It must be noted that the prices will be up not only for diesel but gasoline as well.

Prabhnoor Kaur

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