Ontario gas prices see short-term swings amid Middle East tensions

Gas prices in Ontario moved higher on Friday, with experts saying motorists may see small drops over the weekend as market forces push prices in different directions. Dan McTeague, president of Canadians for Affordable Energy, said lower supply and renewed conflict involving the U.S. and Iran are adding pressure to fuel costs. He noted that price movements may remain uneven in the near term as traders and officials respond to geopolitical developments. McTeague said the situation could lead to larger increases later if supply stays tight, while EnPro International also forecast a modest decline into the weekend. Drivers in Toronto said higher fuel costs are affecting everyday budgets and forcing them to reduce spending elsewhere.