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newsMar 22, 20261:07

Gas Prices Soar in Toronto, Drivers Feel the Pinch

About this episode

Gas prices in Greater Toronto Area surge, causing financial strain for drivers and businesses. Experts predict further increases, with diesel prices also rising. Filling up in the evening could save drivers money, but overall, the cost of fuel is taking a significant toll.

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Gas Prices Soar in Toronto, Drivers Feel the Pinch

Canada News Today | 2 Min News | The Daily News Now!

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Full transcript

Canada News Today | 2 Min News | The Daily News Now!Gas Prices Soar in Toronto, Drivers Feel the Pinch. Machine-transcribed; use the interactive transcript above to jump the player to any line.

It's March 22nd. Welcome in. This is Canada News Today, where local news meets AI. Gas prices in the greater Toronto area jumped 8 cents per liter over the weekend, and experts say more increases are coming soon. Fuel analyst Dan McTee warns this. Trend hits hard amid rising inflation across the board. Prices tend to drop throughout the day at many stations. They start high in the morning for business customers, dip three cents around noon, another three cents by 3pm, and hit their lowest after six. PM. Drivers are feeling the squeeze. An Uber driver now works 14 hour shifts instead of 10 to cover costs. Filling up daily for $65 instead of 40. A man moving homes shelled out hundreds for his truck, but says he has no choice but to keep driving. Diesel prices are climbing too, which ripples through food delivery, farming, mining, and manufacturing. McTee notes transportation folks should budget an extra 33% for fuel. Waiting until evening to fill up could save

8 or 9 cents per liter, adding up to hundreds of dollars over a year when every penny counts.

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