Gas Prices Drop, GTA Drivers Save at Pumps

0:00GTA drivers are catching a break at the gas pumps this week. Gas analysts Dan McTeague forecast a sharp drop on Wednesday with regular gas falling 13 cents to $1.65.9 per liter. Diesel will dip even more, down 20 cents to $2.17 per liter. This relief stems from US President Donald Trump's recent comments easing tensions with Iran. He pulled back from weakened threats of strikes and hinted at a possible deal, holding off military moves for at least five days. That news calm global oil markets fast. Oil prices tumble from $98 to $88 a barrel on Monday. McTeague notes this kind of wild swing last happened during the 2008 financial crisis, reminding everyone how quickly things can shift. With Middle East unrest since late February, drivers in the Toronto area are buzzing about the savings, though many worry is just temporary amid ongoing supply worries. Diesel, key for trucking and industry, feels the biggest pinch usually, expect to rebound

1:03Thursday, gas up 3 cents in diesel climbing 6 or 7 cents depending on fresh geopolitical news. Fill up Wednesday if your tanks low and we'll watch how markets settle from here. I'm Corey with the story and you've been listening to Toronto News today, AI-powered local news.