Over the week of October 12 to October 18, 2026, Toronto's Regular 87 gasoline prices showed a moderate downward trend. The period began at 181.9 cents per litre and ended at 177.9 cents per litre, marking a total decline of 4 cents. The highest recorded price was 181.9 cents per litre, which held steady for the first three days, while the lowest point during the week was 175.9 cents per litre on October 17. Price fluctuations within the week spanned a 6-cent range, reflecting modest volatility.
Prices remained flat initially, holding steady at 181.9 cents per litre for the first three days. Midweek, prices dipped to 178.9 cents, followed by a slight uptick to 179.9 cents. The largest single-day drop came on October 17, with a 4-cent decrease. The week closed with a small rebound of 2 cents to 177.9 cents per litre. There were two days of price increases, two days of declines, and two flat days, indicating some intraweek variability despite the general downward trend. The linear daily slope of -0.9 cents per day further confirms the steady, if gradual, decline over the period.
If this pattern of modest decline continues, it could signal softly easing gasoline costs heading into the following week. However, Toronto fuel prices are known for quick reversals, and the recent midweek price upticks suggest the possibility of short-term price rebounds. Therefore, while the recent trajectory points toward a slight downward bias, potential shifts in market conditions could alter this trend abruptly. Monitoring early next week’s price movements will be important to confirm if the downward direction persists or if prices stabilize or rise.