Ontario gas prices are set to hit an all-time high tomorrow and it’s a nightmare

Motorists looking for relief from rising gas prices in Ontario won’t find it at the pumps on Wednesday, but then again, what else is new?

Dan McTeague, gas analyst and president of Canadians for Affordable Energy, reported via Twitter prices could rise 4 cents per liter on Wednesday, tying an all-time high.

The significant increase will bring total pump prices to 190.9 cents per liter for areas like Toronto, Ottawa, Hamilton, Niagara and Kitchener, with Windsor and Barrie at 189.9.

The last time cities hit such record highs was in March.

The largest price increase will occur in Peterborough, where rates will increase by 9 cents, rounding up to 186.9 cents per litre. But, ironically, despite the leaps and bounds, Peterborough remains one of the most affordable places to refuel along with Cornwall and Kingston.

Although no longer a considerable margin, the most expensive places for gasoline remain the northern cities of Thunder Bay and Sudbury, offering 196.9 and 192.3 respectively.

So when will this freeway heist stop? Well, according to experts, it won’t be soon.

In fact, McTeague previously told Narcity that he expects gasoline prices to continue to rise before settling at $2 a liter over the summer.

The depressing prediction came after rates rose for two straight days in the GTA, pushing prices to a dismal 188.9 cents per liter over the weekend.

Fortunately, steps are being taken to combat the problem.

Finance Minister Peter Bethlenfalvy announced last Thursday that petrol taxes would be cut for six months due to rising prices.

The initiative will cut gasoline tax by 5.7 cents per liter and fuel tax by 5.3 cents per liter for six months starting July 1, 2022, if re-elected in June.

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