Gas in Ontario expected to drop to average price not seen since May

The cost of gas is expected to roll back to an average price unseen since May in southern Ontario, one analyst says.

Dan McTeague, the president of Canadians for Affordable Energy, told CTV News Toronto that prices are set to dip below $2 per litre.

This would be the first time since the end of May the average gas price in Ontario dropped under the $2 mark. "Every time there are good job numbers or very high inflation numbers in the United States and in Canada, the response by markets is that this will inevitably bring higher interest rates. With higher interest rates, the perception is it'll weaken the demand for everything," McTeague explained.

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CP24 /  🏆 30. in CA

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