Gas prices in Ontario to soar to 5-month high Wednesday

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Gas prices in Ontario to soar to 5-month high Wednesday
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Gas prices in southern Ontario are set to spike to their highest level since the fall on Wednesday.

The price of gas in southern Ontario is set to spike to its highest level since the fall on Wednesday.

Prices in the GTA and much of southern Ontario have been hovering at 156.5 cents per litre and will make the jump to 164.9 overnight -- a number unseen since Nov. 15. “Sooner or later, markets are going to have to realize that the fundamentals support higher prices, not lower prices,” McTeague told CTV News Toronto.

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