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
Trump confronts repeated boos during raucous Libertarian convention speech
Donald Trump was booed repeatedly while addressing Saturday night’s Libertarian Party National Convention.
This type of screen time has the worst effect on kids: experts
According to some experts, there is one type of screen time that is continuously excessive, and it's having a severe effect on our children.
Family of toddler found dead at small-town Ont. daycare no closer to answers after year of investigation
A year has passed since two-year-old Vienna Irwin was found on the property of a home-based daycare in small-town Ontario, but her family says they are no closer to answers of what happened that day.
Grayson Murray, two-time PGA Tour winner, dead at 30
Two-time PGA Tour winner Grayson Murray died Saturday morning at age 30, one day after he withdrew from the Charles Schwab Cup Challenge at Colonial.
Humboldt Broncos crash victims and families react to decision to deport truck driver
The family of one of the victims of the Humboldt Broncos bus crash in 2018 says they are 'thankful' for a decision by a Calgary immigration board to deport the driver of the truck involved.
Fatal plane crash reported near Squamish, B.C.
The Transportation Safety Board of Canada has confirmed it is working with local Mounties and the BC Coroners Service after a plane crash near Squamish, B.C. Friday night.
'God forgives but we don’t': Loud outburst from stabbing victim’s family during sentencing hearing
An emotional outburst in a London, Ont. courtroom Friday disrupted the sentencing hearing of a woman who pleaded guilty for her part in the death of 29-year-old Mohammed Abdallah.
Three dead after vehicle plunged down a 100-foot embankment in Shediac, N.B.
Three people have died after a vehicle veered off the road in Shediac N.B., Friday morning.
Appeal denied for Edmonton soldier accused of trying to kill her 3 children
An Edmonton woman found guilty of trying to kill her three children has been denied an appeal.