Drivers across Toronto and the GTA could soon face gas prices approaching — and potentially surpassing — $2 per litre as the ongoing Middle East conflict continues to disrupt global fuel supplies.
According to Dan McTeague, gasoline prices are expected to rise sharply during the summer travel season, possibly breaking the previous Toronto-area record set in 2022.
Global Conflict Driving Fuel Shortages
The crisis is being linked to disruptions involving the Strait of Hormuz, one of the world’s most important oil transportation corridors.
Industry experts say:
- nearly 20% of global oil supply normally passes through the region
- refinery damage in the Middle East is adding pressure
- fuel shortages may continue well into 2026
McTeague warned the situation could remain unstable for an extended period:
“There is a serious problem that won’t be resolved in the next couple of weeks.”
Impact on Ontario Drivers
The timing is especially difficult as:
- the Victoria Day long weekend begins
- summer road trips and cottage travel increase
- many Canadians are already dealing with higher living costs
Experts say families travelling across Ontario could see significantly higher transportation expenses throughout the summer.
Air Travel Also Being Affected
The fuel crisis is also impacting airlines worldwide.
Global Affairs Canada recently issued a travel advisory warning Canadians about:
- possible flight delays
- cancellations
- overseas travel disruptions
- fuel-related shortages
The advisory warned Canadians travelling abroad that:
“No financial assistance will be provided by the Government of Canada.”
Travel insurance experts say many insurers may not cover trip interruptions linked directly to fuel shortages.
Travellers Advised to Prepare for Delays
Martin Firestone said the biggest concern for travellers is becoming stranded after cancelled flights.
He advised Canadians to:
- leave extra time for flight connections
- prepare for delays
- carry extra funds
- avoid overly tight travel schedules
Despite rising prices and uncertainty, experts believe most Canadians will still proceed with their summer travel plans, although at a much higher cost.