{"id":789371,"date":"2026-07-09T00:32:10","date_gmt":"2026-07-09T00:32:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/789371\/"},"modified":"2026-07-09T00:32:10","modified_gmt":"2026-07-09T00:32:10","slug":"gas-prices-in-gta-expected-to-rise","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/789371\/","title":{"rendered":"Gas prices in GTA expected to rise"},"content":{"rendered":"<p class=\"b-date-custom__date-item\">Updated:\u00a0July 08, 2026 at 7:49PM EDT<\/p>\n<p class=\"b-date-custom__date-item\">Published:\u00a0July 08, 2026 at 6:29PM EDT<\/p>\n<p class=\"c-paragraph\">Drivers in the Greater Toronto Area should fill up their tanks on Thursday as gas prices are expected to spike, one industry analyst says.<\/p>\n<p class=\"c-paragraph\">Dan McTeague, the president of Canadians for Affordable Energy, tells CP24 that gas prices are to jump five cents a litre on Friday to 169.9 cents, while diesel will rise 13 cents per litre to 198.9.<\/p>\n<p class=\"c-paragraph\">McTeague said prices are likely to rise another five cents, possibly more, through the weekend.<\/p>\n<p class=\"c-paragraph\">\u201cTomorrow is the best day to fill up. You\u2019re going to get gas for, you know, no more than 164.9,\u201d he said.<\/p>\n<p class=\"c-paragraph\">\u201cI think you\u2019re going to see gradual increases over the next several days, which will probably bring prices up an average of 10 to 15 cents a litre by the time we get to some other announcement at some point down the road.\u201d<\/p>\n<p class=\"c-paragraph\">On Wednesday, 18 days since the United States and Iran agreed to a 60-day ceasefire, President Donald Trump said that deal was <a href=\"https:\/\/www.ctvnews.ca\/world\/mideast-conflict\/article\/trump-threatens-to-strike-irans-civilian-infrastructure\/\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.ctvnews.ca\/world\/mideast-conflict\/article\/trump-threatens-to-strike-irans-civilian-infrastructure\/\">\u201cover\u201d<\/a> after Iranian attacks on commercial shops in the Strait of Hormuz and on American military sites in the Middle East.<\/p>\n<p class=\"c-paragraph\">Following his comments, oil prices rose <a href=\"https:\/\/apnews.com\/article\/oil-gasoline-prices-iran-trump-strait-72181b48494a6367c40cf6e9a817e6b4\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/apnews.com\/article\/oil-gasoline-prices-iran-trump-strait-72181b48494a6367c40cf6e9a817e6b4\">to their highest points in weeks.<\/a> The U.S. president did say the renewed attacks did not mean a return to full-scale war.<\/p>\n<p class=\"c-paragraph\">\u201cWe\u2019re seeing markets finally have to come to the reality that there is a significant, dramatic shortage of both oil and petroleum products like gasoline and diesel around the world,\u201d McTeague said in an interview with CP24.<\/p>\n<p class=\"c-paragraph\">\u201cThe events of the past 24 hours are one of the main reasons why we\u2019re not seeing oil being talked down. We\u2019re not seeing gasoline being talked down or diesel on global markets, especially the future markets. We\u2019re now seeing the full effect and full impact.\u201d<\/p>\n<p class=\"c-paragraph\">With files from The Associated Press<\/p>\n<p>Related Stories<\/p>\n","protected":false},"excerpt":{"rendered":"Updated:\u00a0July 08, 2026 at 7:49PM EDT Published:\u00a0July 08, 2026 at 6:29PM EDT Drivers in the Greater Toronto Area&hellip;\n","protected":false},"author":2,"featured_media":671793,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[712,45,49,48],"class_list":["post-789371","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-apple-news","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/789371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=789371"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/789371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/671793"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=789371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=789371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=789371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}