Ottawa gas prices to drop to lowest level since December 2003
Ottawa gas prices dropped below 80 cents/litre on Saturday, March 14
OTTAWA -- Gas prices are set to drop to the lowest level in 17 years on Wednesday, and some Ottawa motorists could find gas for below 60 cents a litre.
Canadians for Affordable Energy President Dan McTeague says gas prices will drop about 8 cents/litre on Wednesday in Ottawa, Kingston, London and Windsor.
Gas should be selling for 65.9 cents on Wednesday morning. It would be the lowest gas prices in Ottawa and Ontario since December 2003.
McTeague tells CTV News Ottawa that some stations could lower their gas prices to 58.9 cents a litre on Wednesday afternoon.
According to www.ottawagasprices.com, the average price of gas in Ottawa Tuesday afternoon was 71.6 cents a litre.
One year ago, motorists were paying $1.10 a litre.
McTeague says the drop in gas prices is due to a global drop in demand and an oil war between Russia and Saudi Arabia.
“Adding oil to an already saturated global crude market.”