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Toronto Gas Prices Hit CAD 1.80 Amid Global Turmoil

6/26/2025

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Summary

Story summary

Gas prices in the Greater Toronto Area soared to CAD 1.80 per litre in October 2023, driven by global oil supply disruptions from the Eastern Europe conflict and a surge in post-pandemic demand. As a result, many consumers are opting for public transport and carpooling. Analysts warn of continued price fluctuations due to geopolitical tensions and seasonal changes.

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Story summary

Gas prices in the Greater Toronto Area soared to CAD 1.80 per litre in October 2023, driven by global oil supply disruptions from the Eastern Europe conflict and a surge in post-pandemic demand. As a result, many consumers are opting for public transport and carpooling. Analysts warn of continued price fluctuations due to geopolitical tensions and seasonal changes.