GTA News: Why Should Drivers Wait Until Sunday to Fill Up Their Gas Tanks?

Gas prices in the Greater Toronto Area (GTA) have fluctuated sharply throughout September 2026, largely due to the annual switch from summer-blend to winter-blend gasoline, along with shifting global market pressures.

If September felt like a roller coaster, October is showing signs of being just as volatile. On October 2 (today), gas prices rose by 6 to 7 cents in certain parts of the city. Furthermore, predictions for Saturday suggest another increase of about 7 cents, bringing the price per liter to approximately $1.92, according to industry experts.

However, relief may be on the way.

Dan McTeague, president of Canadians for Affordable Energy, advises drivers to hold off on filling up until Sunday. Why? Gas prices are expected to decrease by 7 to 8 cents on that day.

The reasoning behind this expected drop is clear. Today, it was reported that G7 countries have agreed to release 100 million barrels of diesel and crude oil from their emergency reserves in response to pressure from Donald Trump.

That said, analysts caution against assuming the price drop will last, as the ongoing conflict in the Middle East continues to disrupt global oil supplies.

“It’s a short-term gain, or at least a moderation of prices, but we’re looking at a much longer, more painful situation ahead,” McTeague stated. “I don’t think we’ll be out of this predicament for several months to come.”