Gas Prices Drop as Strait of Hormuz Reopening Feared | Toronto News

Ontario drivers, brace for a welcome drop—about ten cents a litre—at the pumps, bringing GTA prices down to $1.50 to $1.60. The relief? Likely tied to hopes of reopening the Strait of Hormuz, a vital global oil chokepoint that could ease market tensions. But don’t celebrate yet: gas is still way up from last year, diesel’s brutal, and governments may be cashing in on the tax windfall. Plus, green energy policies are fueling long-term cost debates. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/54669da45f37e3c5