Here's when gas prices will drop below $2 a litre in Ottawa
Gas prices are set to fall 13 cents a litre over the next two days, giving drivers some relief at the pumps ahead of the Victoria Day long weekend.
Gas is selling at 209.9 cents a litre at Ottawa gas stations on Wednesday, a record high for prices in the capital.
Canadians for Affordable Energy President Dan McTeague says gas prices will fall three cents a litre on Thursday, followed by a 10 cent a litre drop on Friday.
Prices will drop to $1.96 a litre at the start of the weekend.
McTeague says the reason for the drop in gas prices is stock markets panicking over the U.S. federal reserve rate increase and talk of a global recession.
Gas prices have continued to rise in Ottawa through the spring, surpassing $2 a litre for the first time last Saturday. McTeague has said the price hike since February can be tied to fuel supply shortages amid Russia's invasion of Ukraine and international sanctions.
With files from CP24's Kerrisa Wilson
CTVNews.ca Top Stories
W5 Investigates 'I never took part in beheadings': Canadian ISIS sniper has warning about future of terror group
An admitted Canadian ISIS sniper held in one of northeast Syria’s highest-security prisons has issued a stark warning about the potential resurgence of the terror group.
Trudeau talks border, trade in surprise dinner with Trump at Mar-a-Lago
Prime Minister Justin Trudeau discussed border security and trade during a surprise dinner with U.S.-president elect Donald Trump at Mar-a-Lago in West Palm Beach, Fla. on Friday evening, according to senior government sources.
Are scented candles bad for you? What the science says
Concerns about the safety of candles are rooted in the chemical reactions that occur when you burn them, as well as in the artificial fragrances and colorants that contribute to the various scents you may love.
Magic can't save 'Harry Potter' star Rupert Grint from a US$2.3 million tax bill
Former 'Harry Potter' film actor Rupert Grint faces a 1.8 million-pound (US$2.3 million) bill after he lost a legal battle with the tax authorities.
Postal workers union files unfair labour practice complaint over Canada Post layoffs
The union representing Canada Post workers has filed an unfair labour practice complaint with the Canada Industrial Relations Board over the layoffs of striking employees.
'Absolutely been a success': Responders looks back at 988, Canada's Suicide Crisis Helpline, one year later
In its first year, responders for Canada's Suicide Crisis Helpline, known as 988, have answered more than 300,000 calls and texts in communities nationwide.
Indonesian fishermen rescue 116 Rohingya refugees
Indonesian fishermen on Saturday rescued 116 Rohingya refugees, mostly hungry and weak women and children, after their rickety boat sank, officials said.
From inside a Cameroon jail, gay youth say police exploit homophobia to seek bribes
Cameroon's penal code criminalizes 'sexual relations with a person of the same sex,' with a maximum sentence of five years in prison and a $450 fine.
Face facts: Statues of stars like Kane and Ronaldo don't always deliver. Sculptors offer advice
One art critic compared the new Harry Kane bronze statue to a bulging-jawed comic strip character.