Gas prices to drop to the lowest levels since January in Mississauga, Brampton and Hamilton

Good news for drivers this week — gas prices are expected to drop to the lowest levels since January.

Prices will likely drop to their lowest level in a year with a two-cent drop Thursday (Dec. 8) to 138.9 cents for most stations across southern Ontario, according to a tweet from Dan McTeague, president of Canadians for Affordable Energy.

Mississauga, Brampton, Hamilton, Niagara and Oakville are all expected to be at 138.9 cents per litre.

McTeague attributes the price drop to irrational energy market traders.

Just a month ago, prices were at an average of 168.9 cents in the GTA and cheaper outside of the Toronto area.

But at the end of November, the price at the pumps was down to 142.9 cents on average or less in the Greater Toronto Area (GTA).

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Here are the cheapest gas (according to gasbuddy.com) from Mississauga, Brampton and Hamilton:

Mississauga

137.9 cents

Costco

1570 Dundas St E

Brampton

139.9 cents

Petro-Canada

10561 Heart Lake Rd.

Hamilton

136.6 cents

Pioneer

386 Upper Gage Ave.

In Case You Missed It … https://t.co/AzSkoGL25n

— Dan McTeague (@GasPriceWizard) December 7, 2022