24 Feb 2011

Gas prices jump nearly four cents in Toronto due to Libyan unrest

The forecast shows snow showers and temperatures topping out in the mid-30s for the Toronto area in the coming days. But there’s another reason Toronto residents should keep their summer cars safely stowed away in their storage units: gas prices.

According to Torontogasprices.com, Greater Toronto area gas prices jumped nearly four cents literally overnight.

Economists attribute the sudden rise in prices to the ongoing political unrest in the Middle East, particularly in Libya, as several oil-producing companies have shut down their operations amid countrywide protests.

The gas-monitoring website says the average price of gas throughout the Greater Toronto area now stands at $1.20 per liter.

“[High gas prices] will obviously have a rippling effect throughout the economy and put us very near to what we were in 2008,” said Pickering-Scarborough East Liberal MP Dan McTeague.

The average price of gas is still a far cry from where it was in 2008. According to CBC News, due to Hurricane Ike shutting down oil production in the Gulf Coast, Toronto gas then prices averaged $1.39 per liter. Prices dropped shortly thereafter, however. 

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Hammad Assan joined Jiffy Self-Storage in June 2012. He has over 20 years of experience in various Customer service, Sales and Management roles and is a Certified Self-Storage Operator through the Canadian Self Storage Association. His passion for sales and customer service has maintained Jiffy Self-Storage’s position as one of the GTA’s most successful Storage Facilities, as recognized by winning the Consumer Choice Award 22 years in a row, a perfect A+ rating with the BBB with zero complaints and a 4.5/5 Star Review rating on Google. Our tenants greatly appreciate his dedication to exceptional customer service and as a result Jiffy Self-Storage has been recognized and awarded for that. Please contact Hammad about any of your storage, parking, workspace or retail unit needs.

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