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
![](https://www.ctvnews.ca/polopoly_fs/1.6903244.1716897063!/httpImage/image.jpg_gen/derivatives/landscape_800/image.jpg)
BREAKING Scotiabank suffers direct deposit outage on pay day
Scotiabank has acknowledged technical difficulties affecting direct deposits as clients report missed payments Friday morning. On Friday morning, the bank's client services phone line was playing an automated message assuring customers that work was underway to rectify the outage.
Canada Soccer head investigating 'systemic ethical shortcoming' amid spying scandal
Canada Soccer chief executive officer Kevin Blue said he was investigating a potential 'systemic ethical shortcoming' within the program but has not considered pulling the women's soccer team from the Paris Olympics due to a drone spying scandal.
Suspected train sabotage, bad weather dampen spirits ahead of Paris opening ceremony
The Paris Olympics are getting off to a rough start, with suspected acts of sabotage targeting France's flagship high-speed rail network.
Elon Musk's estranged daughter calls out his 'entirely fake' claims about her childhood
Vivian Jenna Wilson, Elon Musk's estranged daughter, publicly refuted several recent anti-trans statements her Tesla CEO and X owner father has made about her.
At least 4 buildings burned at Jasper Park Lodge, others damaged: Fairmont memo
The Fairmont Jasper Park Lodge said Thursday afternoon most of its structures are "standing and intact," including its iconic main lodge.
'She led it the whole way': 18-year-old B.C. woman leads hikers to safety in Jasper National Park
As fire threatened people in Jasper National Park, Colleen Knull sprung into action.
'Catastrophic' situation 'cannot continue': Open letter from Trudeau, other PMs calling for Gaza ceasefire
Prime ministers of Canada, New Zealand and Australia released a letter renewing calls for an “urgent ceasefire” in Gaza on Friday morning.
Arson attacks cause chaos before start of Olympics in Paris, thwarting athletes' travel
Arsonists attacked the French high-speed rail network early Friday, paralyzing travel to Paris from across the rest of France and Europe for some 800,000 people, including Olympic athletes heading to the grand opening ceremony of the Games in the evening.
Saskatchewan First Nation lifts 17-year long water advisory
After 17 years, residents of Star Blanket Cree Nation can breathe a sigh of relief when turning on their taps.