Here's when gas prices will drop 4 cents a litre in Ottawa
Some relief is on the way for motorists at the pumps, after gas prices climbed in Ottawa overnight to the highest levels since August 2022.
Gas prices jumped 14 cents a litre Thursday morning at stations in Ottawa and across Ontario. Motorists in Ottawa reported gas selling for $1.78 or $1.79 a litre.
Canadians for Affordable Energy president Dan McTeague says gas prices will fall 4 cents a litre on Friday to 175.9 cents a litre.
McTeague has said this week's 14-cent increase in gas prices is due to the higher cost of summer blended gasoline, as refineries switch from winter to summer blend.
"Sometimes it is 5 cents or 6 cents, I've seen it as bad as 10, maybe 11 cents but never 14 cents," McTeague told CTV Morning Live.
"The cost to refineries of switching butane, which they use during the winter for winter gasoline, swapped out for something called alkylates has gone through the roof. With it, we saw a pretty big increase on the U.S. markets for the switch over from winter to summer gasoline.
"This year, it was about 12.5, 12.6 cents a litre….with the Canadian exchange being as weak as it is, that didn't help."
McTeague says the gas prices jumped 14 cents litre on Thursday across southern Ontario and Quebec.
"Summer gasoline is far more expensive than winter."
According to www.ottawagasprices.com, gasoline was selling one year ago for $1.51 a litre in Ottawa. Gas hit $2 a litre in May and June 2022.
CTVNews.ca Top Stories
Signs of Alzheimer’s were everywhere. Then his brain improved
Blood biomarkers of telltale signs of early Alzheimer’s disease in the brain of his patient, 55-year-old entrepreneur Simon Nicholls, had all but disappeared in a mere 14 months.
Box tree moths have infested Ontario and experts say more are coming. Here's what to do to protect your garden
An invasive moth species is on the rise in Canada and, if you've planted a certain shrub, it could stand to ruin your garden.
Lyon-bound Air Canada Boeing 787-8 Dreamliner from Montreal turns back midflight due to pressurization alert
Passengers heading from Montreal to Lyon, France on Friday were forced to return home and depart the next day after a pressurization indication was detected in flight.
Oilers dominate Canucks, win to force deciding Game 7
The Edmonton Oilers avoided elimination from the NHL playoffs Saturday night, beating the visiting Vancouver Canucks 5-1 in Game 6 of their second-round series.
The eight most expensive homes for sale in Ottawa this spring
Ottawa's ultra luxury housing market is blooming like the tulips this spring, with a significant increase in the number of homes sold worth more than $2 million.
B.C. pipeline company argues its 'haulers' are not trucks, for tax purposes
A contractor working on the Coastal GasLink pipeline has been denied more than $333,000 worth of tax rebates because pieces of machinery it purchased – and claimed were not trucks – were deemed sufficiently truck-like in B.C. Supreme Court.
$500K-worth of elvers seized at Toronto airport
Fishery and border service officers seized more than 100 kilograms of unauthorized elvers at the Toronto Pearson International Airport on Wednesday.
Usyk beats Fury by split decision, becomes undisputed heavyweight champion
Oleksandr Usyk defeated Tyson Fury by split decision to become the first undisputed heavyweight boxing champion in 24 years.
To plant or not to plant? Gardening tips for May long weekend
May long weekend is finally here, and with the extra time off you may be getting the itch to head out to your garden and plant. However, the old debate whether you should plant now, or wait, is still ever-present.