Gas prices hit a new record high in Ottawa this weekend
Ottawa gas prices dropped 10 cents a litre in Ottawa on Friday, May 20. (Josh Pringle/CTV News Ottawa)
The cost to fill up the gas tank hit a new record high at stations across Ottawa this weekend.
Gas prices jumped two cents Friday to 212.9 cents a litre and went up another three cents Saturday to 215.9 cents a litre at many stations in the city.
"I don't think it's going to end there," Canadians for Affordable Energy president Dan McTeague told Newstalk 580 CFRA's Ottawa at Work. "The inflation numbers in the United States are pretty sobering (and) that might cause a bit of panic in energy markets, but that's just going to delay the inevitable."
McTeague says the weakness of the Canadian dollar is partly responsible for the hike in gas prices. There is also tight global supply that's been worsened by the Russian invasion of Ukraine.
The record for highest gas price in Ottawa was 214.9 cents, set last weekend.
According to ottawagasprices.com, gas prices were $1.25 a litre in Ottawa one year ago.
With files from CP24 web content writer Bryann Aguilar
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