Why are gas prices high despite low oil barrel cost?

The price of crude oil is a significant factor influencing gasoline prices at the pump in Canada, but it's not the only determinant. Factors such as refining costs, taxes, distribution and marketing expenses, retail competition, and currency exchange rates also play crucial roles in shaping the final price of gasoline. Although there is a general correlation between oil barrel prices and gas prices, this relationship is not always direct or immediate due to these additional factors. Recent trends show that even when oil prices are lower, gas prices at the pump may not decrease proportionally, leading to concerns among Canadians about the roles of oil companies and governments in pricing. However, the dynamics of gas pricing are complex and influenced by various global and local factors. Understanding these factors can provide a clearer picture of why gas prices fluctuate and how they relate to the global oil market.

Tomorrow's Gas Price for GTA

This is an accurate source of gas price predictions for GTA. We also include GTA's gas price history, as well as the weather forecast and trending news for the area.

See if your weather will cooperate: Local Weather Forecast

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GTA

Wednesday - Mar 25, 2026
Regular
165.9 (-13¢)
Premium
195.9 (-13¢)
Diesel
217.9 (-20¢)
Tuesday - Mar 24, 2026
Regular
178.9 (n/c)
Premium
208.9 (n/c)
Diesel
237.9 (n/c)

No price data available for GTA.

News Headlines

Via Google News

GTA Weather

Tuesday March 24, 2026, 7:24 am

-7°C

Feels like
-10°C

Clear Sky

Min: -7 °C

Max: 3 °C

Pressure: 1031 hPa

Dew Point: -9.77

UV Index: 0.17

Humidity: 78%

Wind: 1.94 m/s

Sunrise: 6:12 am

Sunset: 6:33 pm

Cloud Cover: 6%

Visibilty: 10000 m

Future Forecast:

Wed
Mar 25
4°C
-2°C
Humidity: 65 %
Wind: 4.26 km/h
Clouds: 100
Thu
Mar 26
11°C
-1°C
Humidity: 83 %
Wind: 7.34 km/h
Clouds: 93
Fri
Mar 27
4°C
-7°C
Humidity: 39 %
Wind: 10.37 km/h
Clouds: 81
Sat
Mar 28
2°C
-6°C
Humidity: 34 %
Wind: 8.14 km/h
Clouds: 84
Sun
Mar 29
3°C
-4°C
Humidity: 33 %
Wind: 5.18 km/h
Clouds: 17

About GTA's' Gas Price Predictions

Here you will find tomorrow’s gas price for GTA, Canada. Find out when you should fill up and what your gas or diesel is going to cost you.

These are gas price predictions, but are highly accurate and based on the 30+ years of energy industry knowledge and wisdom of The Honourable Dan McTeague, former Member of Parliament and current president of .