Commodities
GTA Gas Prices Expected to Drop by Nine Cents Per Liter
En-Pro's latest forecast predicts a decrease in gas prices across the Greater Toronto Area (GTA). According to their prediction, gas prices will drop by nine cents per liter at midnight on Thursday. This reduction will bring the average price of gasoline in the GTA down to $1.63.9 per liter.
The news comes as a potential deal between the United States and Iran may be nearing completion. The closure of the Strait of Hormuz due to the conflict has driven fuel prices up globally, with around one-fifth of the world's oil and natural gas passing through the strait before its closure.