Dan McTeague, who is the president of Canadians for Affordable Energy, tells CP24 that the average price of a litre of regular fuel in the GTA will rise by one cent to 164.9 cents per litre overnight and could potentially go up by another cent on Sunday.
“It looks like we are really going to avoid that usual idea that gas prices go up on a long weekend but what is critical to understand is we don’t make gas prices in Canada, in fact they are largely determined by the U.S.,” he said. “Because their Memorial Day long weekend doesn’t happening until next week we are unlikely to see any major spikes until Thursday or Friday of next week.
McTeague, in fact, said that gas prices have come down approximately 16 cents a litre over the last month after going up 14 cents on April 18.
Source: News Formal (newsformal.com)
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