If you’re tracking carbon tax news, you might already know that gas prices tomorrow are in for some serious savings.

Ontario gas prices are expected to take a sharp dip on April 1, so if your gas tank is running low, you might want to hold off on fuelling up until tomorrow.

Thanks to the removal of the federal fuel charge — also known as the consumer carbon tax — average gas prices tomorrow in Ontario cities like Toronto, Ottawa, Windsor and Thunder Bay are predicted to be way lower than today.

Whether you’re commuting or just topping off the tank, this drop could make a noticeable difference — especially since some of the cheapest spots are dropping by over 20 cents a litre.

The provincewide cuts are largely caused by the elimination of the federal fuel charge, which currently adds 17.61 cents per litre at the pump. Now that Prime Minister Mark Carney has made good on his promise to remove the consumer carbon tax, that charge officially ends tomorrow, and it’s expected to bring gas prices in Ontario way down — at least for now.

Here’s what you need to know about today and tomorrow’s gas prices and where to find the cheapest gas in Ontario.

Are gas prices going up or down tomorrow?

According to Canadian gas price predictions site Gas Wizard, prices will plummet across the entire province and all fuel types tomorrow.

The biggest drop in regular fuel prices is expected in St. Catharines, where prices could fall by 23 cents a litre to 133.9 cents.

Meanwhile, gas prices in Toronto — along with some other GTA spots like Markham and Oakville — are forecast to dip by 20 cents, bringing the average regular fuel price to 136.9 cents per litre.

Ottawa gas prices are also projected to fall by 20 cents, landing at 135.9 cents.

Here’s a look at what some cities can expect for regular gas tomorrow, April 1, according to Gas Wizard:

• London: 130.9 cents per litre (down 18 cents)
• Mississauga & Oshawa: 132.9 cents (down 18 cents)
• Niagara, Barrie & Waterloo: 133.9 cents (down 19 cents)
• Brampton & Hamilton: 133.9 cents (down 17 cents)
• Windsor: 133.9 cents (down 12 cents)
• Ottawa, Cornwall & Kingston: 135.9 cents (down 20, 14 and 9 cents, respectively)
• Toronto, Markham & Oakville: 136.9 cents (down 20 cents)
• Peterborough: 136.9 cents (down 11 cents)
• Sudbury: 139.9 cents (down 7 cents)
• Thunder Bay: 141.9 cents (down 20 cents)

Premium and diesel are also following the trend, with some even bigger drops. In much of the GTA, premium fuel is predicted to drop by a whopping 30 cents per litre, while diesel is dropping by around 24 cents most places, and as much as 28 cents in southwestern Ontario.

Where will gas be the cheapest in Ontario?

If you’re really trying to stretch your dollar, head southwest — London is set to have the lowest average at 130.9 cents per litre tomorrow, according to Gas Wizard. Mississauga and Oshawa aren’t far behind at 132.9 cents a litre.

According to GasBuddy, which uses crowdsourced data, the absolute cheapest spot in the province at the time of writing is Peters Petro in Moraviantown First Nation (in Chatham-Kent), where regular gas is reportedly 129.7 cents per litre.

That said, GasBuddy relies on real-time reports from users, so individual station prices may vary.

Why are prices falling — and will they stay low?

This abnormal price dip is a result of the federal fuel charge being eliminated on April 1.

The change, announced by Prime Minister Mark Carney earlier this month, wipes out the surcharge that’s been tacked onto gas prices in Ontario (and most other provinces) since 2019. Currently, that charge adds about 17.6 cents to every litre of gasoline — but that’s about to change tomorrow.

But before you get too excited, experts are warning that these lower prices might not last long. Dan McTeague, president of Canadians for Affordable Energy and the analyst behind Gas Wizard, says the seasonal switch to summer-blend gasoline could start pushing prices back up as early as next week.

« We tend to see prices move up anyway at the end of March, beginning of April, as we make that switch over, » McTeague told Narcity earlier this month.

Summer-grade fuel is more expensive to produce and typically adds 5 or 6 cents per litre — sometimes more — to the cost of gas. Plus, a weakening Canadian dollar and rising global demand could also reverse the savings pretty quickly.

Should you fill up now or wait?

No matter where you are in the province, if you can afford to hold off, it’s worth waiting until tomorrow to hit the pumps, as prices all across Ontario should be seeing some kind of noticeable dip. That said, if you’re in Sudbury or Kingston, where prices are dropping by a bit less, the savings might not be as noticeable.

Either way, tomorrow’s likely to be a good day for your wallet — just enjoy it while it lasts, and don’t expect the party at the pumps to last forever.

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Source: ​Narcity – Read More