Cheap gas prices approaching in GTA. Discover the optimal moment to refuel your vehicle's gas tank.
The winter gasoline blend will be reintroduced at the pumps across the Greater Toronto Area (GTA) and Ontario starting Thursday morning, bringing a much-anticipated drop in gas prices. According to Dan McTeague, president of Canadians for Affordable Energy, the price drop is expected to occur at midnight tonight, with gas prices dipping by 10 cents per litre.
The return of the winter gas blend is good news for drivers, as it is cheaper due to its higher butane content. Compared to the summer gas blend, which contains more alkylate, the winter blend's lower cost will help offset any potential increase in prices when the summer gas blend returns on April 15.
Currently, gas prices in the GTA are not heavily influenced by the gas station's decisions but rather by markets, the Canadian dollar, and taxes. However, if drivers can hold off on refueling until Thursday evening, they may see even more savings. By late Thursday evening, gas prices in the GTA are expected to be eight cents below $1.33, with many stations at $1.25.
It's important to note that the gas price drop is specific to the Greater Toronto Area and Ontario. Drivers in other regions may not experience the same level of savings. The gas station has control over the last 10 cents on a litre of gasoline, which means that while the price drop is significant, individual stations may still vary in price.
The current gas price drop is not a permanent solution, as gas prices are expected to remain low until at least April 15. After that, the summer gas blend is expected to return, which may cause prices to increase. Despite this, the upcoming price drop is a welcome relief for many drivers in the GTA, who have been dealing with high gas prices in recent months.
The price drop is applicable across the GTA, including Brampton, Mississauga, Oakville, Pickering, and Oshawa. Drivers in these areas are encouraged to take advantage of the lower prices and fill up their tanks before the summer gas blend takes over the pumps.
In conclusion, drivers in the Greater Toronto Area can look forward to lower gas prices starting Thursday morning. The winter gasoline blend's return will bring savings of up to eight cents below $1.33, with many stations expected to be at $1.25 by Thursday evening. While the price drop is not permanent, it is a welcome relief for drivers who have been feeling the pinch of high gas prices in recent months.
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