Regular gasoline prices in Toronto and the Greater Toronto Area (GTA) are projected to increase by 6 cents per litre on October 2, 2026, reaching 184.9 cents per litre. This anticipated rise is influenced by several factors:
– **Crude Oil Prices**: Global crude oil prices have been on an upward trajectory, influenced by geopolitical tensions and supply constraints. For instance, Brent crude oil recently surpassed $102 a barrel, contributing to higher fuel costs. ([lemonde.fr](https://www.lemonde.fr/en/economy/article/2026/10/01/rising-fuel-prices-strain-budgets-and-challenge-governments-across-europe-everything-in-our-daily-lives-has-become-more-expensive_6758146_19.html?utm_source=openai)) (Lemonde)
– **Seasonal Demand**: As the colder months approach, demand for heating fuels increases, which can tighten supply and elevate gasoline prices.
– **Refinery Maintenance**: Scheduled maintenance at refineries can reduce production capacity, leading to temporary supply shortages and price hikes.
These combined factors are expected to contribute to the upcoming increase in gasoline prices in the Toronto and GTA regions.