June 13, 2014 10:14 am
Updated: June 13, 2014 11:24 am

Toronto gasoline prices expected to rise 2 cents this weekend

The price of gas across the Greater Toronto Area is expected to rise 2 cents overnight.

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TORONTO – Motorists who wish to save money on gasoline this weekend better fuel up today as pump prices are expected to rise two cents overnight.

Tomorrow’s Gas Prices Today‘s website says the threat of oil supplies from Iraq will push prices higher across the Greater Toronto Area to $1.42 or $1.43 cents per litre.

READ MORE: Gas prices in Canada ‘mild’ compared to most other countries: report

Iraq is the Organization of the Petroleum Exporting Countries’ (OPEC) second largest producer and supplies 40 per cent of the world’s oil.

The price jump will push a litre of gas to the highest on record.

READ MORE: Here’s how much more we’re paying for gas than Americans are

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