GAS PRICES SET TO REACH ALL TIME HIGH FRIDAY

Jan 27, 2022

By Christine Ross

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Be prepared for sticker shock at the pumps Friday as gas prices in the Greater Toronto Area are expected to reach an all-time high.

President of Canadians for Affordable Energy Dan McTeague says the price is set to rise more than two cents overnight to reach a new record high of $1.51.9 per litre.

That surpasses the last record high of $1.49.9 in November.

McTeague says the increase is being driven by a global shortage of oil and the recent tensions between Russia and Ukraine.
And there’s no relief in sight as the price could reach $1.65 a litre by the end of the year.

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