Gas prices in most of Ontario will take another big drop Thursday

A driver picks up a nozzle to fill up his car with fuel on Thursday, June 9, 2022. (AP Photo/Frank Augstein)

The cost of filling up your gas tank will be a lot less painful on Thursday throughout most of Ontario, says one industry analyst.

Dan McTeague, president of Canadians for Affordable Energy, is predicting a 12 cent drop in the cost of gas to 179.9 a litre in most of Ontario, including the GTA, Toronto, Hamilton, London, Barrie, and Kitchener.


⛽️ Price ��: After todays 5 cent hike, #GasPrices will FALL 12 CENTS Thursday to 179.9 for #Toronto #GTA #Ottawa #Hamilton #LdnOnt #Barrie #Kitchener and most of #Ontario with #Montreal down to 194.9

— Dan McTeague (@GasPriceWizard)  July 6, 2022

Last Friday, gas prices in Ontario dropped 11 cents per litre due, in part, to the government cutting the provincial gas tax. That brought down the average gas price to $1.93 cents per litre, which was the lowest it has been since May 12.