Gas Prices Drop 17 Cents in GTA

0:00Gas prices are taking another while turn at the pumps this weekend, folks. Expect a 7-cent drop on Sunday, bringing the average in the greater Toronto area to 174.9 cents per liter. That's straight from in-pro analysts tracking the daily swings. This comes right after Saturday's 8-cent jump, mostly from switching to summer blend gas and shifts in futures markets. But hold up, Monday brings even bigger news with the Fed's temporarily scrapping their 10-cent excise tax on fuel. That should push prices down to 164.9 cents per liter, until Labor Day. The move responds to skyrocketing oil costs tied to the U.S. Israel War on Iran, hitting everyday drivers hard. Folks are feeling the pints from all this back and forth, with headlines fueling wild speculation that jack's prices up or down based on the latest. Rumors. It's the biggest single drop this month, a full 17 cents beating out the 13-cent dip back on April 10th after an early ceasefire buzz.

1:01War chatter keeps dominating, making pumps unpredictable for regular people budgeting their tanks. Oil bench marks like Brent Crude tumbled 9.1% Friday, settling at $90.38 per barrel still hovering way. Above the pre-war $70 mark, with Iran now reversing its straight reopening plans, we could see more chaos ahead so eyes on those global ripples. That's your update from Canada News Today, powered by AI.