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
Canadian gov't proposes new foreign influence registry as part of wide-spanning new bill
Prime Minister Justin Trudeau's government is proposing a suite of new measures and law changes aimed at countering foreign interference in Canada, amid extensive scrutiny over past meddling attempts and an ever-evolving threat landscape.
Boeing Starliner capsule's first crewed test flight postponed
The long-awaited first crewed test flight of Boeing's new Starliner space capsule was called off for at least 24 hours over a technical issue that launch teams were unable to resolve in time for the planned Monday night lift-off.
Teacher charged in historical sexual assault of Calgary teenage girl
Calgary police have charged a teacher with the alleged sexual assault of a teenage girl more than 20 years ago.
Winnipeg man admits to killing four women, argues he's not criminally responsible
Defence lawyers of Jeremy Skibicki have admitted in court the accused killed four Indigenous women, but argues he is not criminally responsible for the deaths by way of mental disorder – this latest development has triggered a judge-alone trial rather than a jury trial.
Man banned from owning animals after fatal Calgary dog attack
The owner of three Calgary dogs that got loose and mauled a woman to death in 2022 has been ordered to pay a $15,000 fine within one year and banned from owning any animal for 15 years.
East-end Ottawa family dealing with massive rat infestation
Residents in Ottawa’s Elmridge Gardens complex are dealing with a rat infestation that just won’t go away. Now, after doing everything they can to try to fix the issue, they are pleading with the city to step in and help.
Mediterranean staple may lower your risk of death from dementia, study finds
A daily spoonful of olive oil could lower your risk of dying from dementia, according to a new study by Harvard scientists.
An El Nino-less summer is coming. Here's what that could mean for Canada
As Canadians brace themselves for summer temperatures, forecasters say a weakening El Nino cycle doesn’t mean relief from the heat.
Newfoundland and Labrador latest province to tighten rules on Airbnbs
Newfoundland and Labrador is the latest jurisdiction to bring in stricter rules for short-term rentals, with a coming set of regulations that will force operators to register with the provincial government.