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‘Markets going haywire’: Toronto residents can expect a hike in heating bill, fuel costs as global energy system struggles

Torontonians can expect to pay a premium on their energy bills this winter as prices for North American fuel, natural gas and coal reach heights not seen in years.

Dan McTeague, president of Canadians for Affordable Energy, projects that gasoline prices at Greater Toronto Area pumps will hit $1.50 per litre in the coming weeks, up 44 per cent from a year ago.

That would be the highest price point for auto fuel anywhere in Ontario since the summer of 2014, when a litre sold for $1.43.

I’m just so grateful to be keeping the Saudi’s afloat.

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