ONTARIO GASOLINE , DIESEL PRICES TO PLUMMET WEDNESDAY

What happened: Ontario gasoline and diesel prices are expected to fall by 11 cents per litre on Wednesday, according to Dan McTeague of Canadians for Affordable Energy. Key numbers: 11 cents per litre drop for both fuels; GTA regular gasoline at 167.9 cents per litre; diesel at 235.9 cents per litre; last gasoline low on Aug. 9, diesel on Sept. Why it matters: McTeague attributes the drop to markets betting that Congress could rein in the U.S. war with Iran. He called it welcome relief but said it is too early to tell if it will be sustained.

Ontario gasoline and diesel prices are expected to fall by 11 cents per litre on Wednesday, according to Dan McTeague of Canadians for Affordable Energy.

McTeague attributes the drop to markets betting that Congress could rein in the U.S. war with Iran. He called it welcome relief but said it is too early to tell if it will be sustained.