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
Trudeau acknowledges charges in Nijjar killing, calls for commitment to democracy
Prime Minister Justin Trudeau has acknowledged the charges laid Friday in relation to the murder of B.C. Sikh activist Hardeep Singh Nijjar.
No proof man lied to brother about number of kittens born in litter, B.C. tribunal rules
A man was denied a $5,000 payout from his brother after a B.C. tribunal dismissed his claim disputing how many kittens were born in a litter.
Bodies recovered in Mexico likely 2 Australians, 1 American who went missing: officials
Three bodies recovered in an area of Baja California are likely to be those of the two Australians and an American who went missing last weekend during a camping and surfing trip, the state prosecutor’s office said Saturday.
Princess Anne lays wreath at B.C. veteran's cemetery; receives 21-gun salute
Princess Anne paid tribute to veterans buried at a cemetery in British Columbia today, laying a wreath to honour the more than 2,500 military personnel and family members buried there.
Mystik Dan wins the 150th Kentucky Derby at Churchill Downs in a three-horse photo finish
Mystik Dan won the 150th Kentucky Derby in a photo finish, edging out Forever Young and Sierra Leone for the upset victory.
'I just can't believe that it took so long': Body found in wreckage 3 months after deadly fire
A man accused of arson in a January Old Strathcona apartment fire is expected to be charged with manslaughter after a body was discovered in the burned building late last month.
Quebec police hand out hundreds of tickets to Hells Angels and other bikers before 'first run' meeting
Quebec provincial police handed out hundreds of fines to Hells Angels members and other supporting motorcycle clubs who met for their 'first run' in a small town near Sherbrooke, Que.
Work stoppage possible as WestJet issues lockout notice to maintenance engineers' union
A lockout notice issued by WestJet to a union representing aircraft maintenance engineers could result in a work stoppage next week.
London Drugs begins 'gradual reopening' on 7th day after cyberattack
Almost a week after all London Drugs stores across Western Canada abruptly closed amid a cyberattack, they began a "gradual reopening" on Saturday.