Gas prices to drop 17 cents a litre over two days in Ottawa
Ottawa motorists will find some relief at the gas pumps over the Canada Day long weekend.
President of Canadians for Affordable Energy Dan McTeague predicts gas prices will fall 17 cents over the next two days, following the Ontario government's decision to cut the provincial gas tax and energy markets being "in a bit of a retreat."
Gas prices dropped 11 cents per litre at Ottawa gas stations on Friday morning. Several stations were selling gas in Ottawa for $1.92 or $1.93 a litre.
"Of the 11-cent drop, 6.5 cents is because of the provincial government dropping in the gas tax, and 4.5 cents is because of the markets," McTeague told CTV News Toronto.
McTeague expects gas prices to drop another six cents per litre on Saturday, bringing gas prices to 187.9 cents a litre.
On Friday, the Ontario government cut the provincial gas tax on fuel for six months to provide relief for motorists.
"It comes at a time where energy markets are really in a bit of a retreat right now," McTeague said.
Gas prices hit a record high of $2.159 a litre in Ottawa on June 11.
According to ottawagasprices.com, the average price of gas in Ottawa was $1.25 a litre on July 1, 2021 and approximately $0.92 a litre on Canada Day 2020.
McTeague predicts gas prices will rise again on Sunday.
With files from CTV News Toronto and CP24
CTVNews.ca Top Stories
Canadian gov't proposes new foreign influence registry as part of wide-spanning new bill
Prime Minister Justin Trudeau's government is proposing a suite of new measures and law changes aimed at countering foreign interference in Canada, amid extensive scrutiny over past meddling attempts and an ever-evolving threat landscape.
Boeing Starliner capsule's first crewed test flight postponed
The long-awaited first crewed test flight of Boeing's new Starliner space capsule was called off for at least 24 hours over a technical issue that launch teams were unable to resolve in time for the planned Monday night lift-off.
Teacher charged in historical sexual assault of Calgary teenage girl
Calgary police have charged a teacher with the alleged sexual assault of a teenage girl more than 20 years ago.
Winnipeg man admits to killing four women, argues he's not criminally responsible
Defence lawyers of Jeremy Skibicki have admitted in court the accused killed four Indigenous women, but argues he is not criminally responsible for the deaths by way of mental disorder – this latest development has triggered a judge-alone trial rather than a jury trial.
Man banned from owning animals after fatal Calgary dog attack
The owner of three Calgary dogs that got loose and mauled a woman to death in 2022 has been ordered to pay a $15,000 fine within one year and banned from owning any animal for 15 years.
East-end Ottawa family dealing with massive rat infestation
Residents in Ottawa’s Elmridge Gardens complex are dealing with a rat infestation that just won’t go away. Now, after doing everything they can to try to fix the issue, they are pleading with the city to step in and help.
Mediterranean staple may lower your risk of death from dementia, study finds
A daily spoonful of olive oil could lower your risk of dying from dementia, according to a new study by Harvard scientists.
An El Nino-less summer is coming. Here's what that could mean for Canada
As Canadians brace themselves for summer temperatures, forecasters say a weakening El Nino cycle doesn’t mean relief from the heat.
Newfoundland and Labrador latest province to tighten rules on Airbnbs
Newfoundland and Labrador is the latest jurisdiction to bring in stricter rules for short-term rentals, with a coming set of regulations that will force operators to register with the provincial government.