“One of Ford’s key promises during the 2018 provincial election was to lower gas prices by 10 cents. The province eliminated the cap-and-trade system, but that triggered the federal carbon tax, negating the 4.3 cent cut. As recently as November, Ford said the government would meet its promise to cut prices by 5.7 cents per litre by the next budget by reducing the provincial fuel tax. But Ford recently seems to have backtracked on that promise while expressing frustration with the carbon tax. […] Energy Minister Todd Smith said […] ‘What we intend to do is if the federal government makes a move to lower taxes on gas, then we’ll match that.’”

“Gas prices in Ontario are expected to take the biggest single-day drop in more than a decade this weekend. According to Dan McTeague, president of Canadians for Affordable Energy, gas prices will drop 11 cents across Ontario on Sunday […] Oil prices suffered one of the largest ever one-day plunges on Friday, crashing more than 11 per cent on Black Friday as the new strain sparked fears that renewed lockdowns could hurt global demand.”

“Drivers in southern Ontario awoke to find gas prices up five cents on Friday morning, as stations were charging on average $1.409 […] Dan McTeague, president of Canadians for Affordable Energy […] points to COVID-19 as a determining factor. If cases continue to rise, […] people can expect prices to hover at that current level.”

“Gas prices have plummeted in large part as a result of the novel coronavirus pandemic, which has resulted in a drop in global demand.”