Here's when gas prices will hit record highs in Ottawa this week
Ottawa motorists will be paying record prices to fill up the gas tank heading into the Mother’s Day weekend.
And a gas industry analyst predicts prices will continue to rise to at least $2 a litre in Ottawa and across Ontario by the May long weekend.
Gas prices were sitting at 190.9 cents a litre at most Ottawa gas stations Thursday morning. Some stations were selling gas for 191.9 cents a litre on Wednesday, a new record for gas prices in Ottawa.
Dan McTeague, president of Canadians for Affordable Energy, says gas prices will rise five cents a litre Friday morning to a new record high of 195.5 cents a litre.
According to ottawagasprices.com, the average price of gasoline in Ottawa one year ago was $1.25 a litre, while gas was selling for 79 cents a litre in May 2020.
The rising price for gas has some motorists only filling up half a tank in a bid to save money.
“I keep a half tank, and only put a half tank at a time in. Makes me feel better,” driver Donna Dewsnap said Thursday.
Jim Penny says the high cost of fuel has him thinking of leaving a gas vehicle in the garage.
“Starting to shop around and consider hybrid or electric vehicles because I do about 35 kilometres one way and sometimes I do that four times a day,” Penny said.
Ottawa gas station owner Bob Lavergne has a tip for motorists looking to save at the pumps.
“Better to buy in the evening, prices always seem to come down at night,” said Lavergne, who has owned a gas station in Kanata for 35 years.
“Seven o’clock, 9 o’clock at night is your cheapest bet to get gas.”
McTeague says he expects prices to rise to $2 a litre by the May long weekend.
“We’re going to be $2.05 probably by May 2-4, if not more. We could be less. I don’t see anything in the way that’s going to stop that,” McTeague told Newstalk 580 CFRA’s Ottawa at Work with Leslie Roberts.
“I think $2 is the reality for the summer for Ottawa, maybe a little higher.”
McTeague says the decision by the European Union to ban the purchase of Russian oil by the end of the year and the eventual lifting of COVID-19 lockdowns in China will suppress demand and increase costs.
“What scares me more than anything else right now is China is coming out of its COVID wave. When Shanghai opens up again, demand will go through the roof,” McTeague said, adding prices will “go through the roof.”
CTVNews.ca Top Stories
B.C. tenants evicted for landlord's use after refusing large rent increase to take over neighbouring suite
Ashley Dickey and her mother rented part of the same Coquitlam duplex in three different decades under three different landlords.
Mountain guide dies after falling into a crevasse in Banff National Park
A man who fell into a crevasse while leading a backcountry ski group deep in the Canadian Rockies has died.
Expert warns of food consumption habits amid rising prices
A new survey by Dalhousie University's Agri-Food Analytics Lab asked Canadians about their food consumption habits amid rising prices.
MPP Sarah Jama asked to leave Ontario legislature for wearing keffiyeh
MPP Sarah Jama was asked to leave the Legislative Assembly of Ontario by House Speaker Ted Arnott on Thursday for wearing a keffiyeh, a garment which has been banned at Queen’s Park.
Charlie Woods, son of Tiger, shoots 81 in U.S. Open qualifier
Charlie Woods failed to advance in a U.S. Open local qualifying event Thursday, shooting a 9-over 81 at Legacy Golf & Tennis Club.
Ex-tabloid publisher testifies he scooped up possibly damaging tales to shield his old friend Trump
As Donald Trump was running for president in 2016, his old friend at the National Enquirer was scooping up potentially damaging stories about the candidate and paying out tens of thousands of dollars to keep them from the public eye.
Here's why provinces aren't following Saskatchewan's lead on the carbon tax home heating fight
After Prime Minister Justin Trudeau said the federal government would still send Canada Carbon Rebate cheques to Saskatchewan residents, despite Saskatchewan Premier Scott Moe's decision to stop collecting the carbon tax on natural gas or home heating, questions were raised about whether other provinces would follow suit. CTV News reached out across the country and here's what we found out.
Montreal actress calls Weinstein ruling 'discouraging' but not surprising
A Montreal actress, who has previously detailed incidents she had with disgraced Hollywood producer Harvey Weinstein, says a New York Court of Appeals decision overturning his 2020 rape conviction is 'discouraging' but not surprising.
Caleb Williams, Jayden Daniels and Drake Maye make it four NFL drafts with quarterbacks going 1-3
Caleb Williams is heading to the Windy City, aiming to become the franchise quarterback Chicago has sought for decades.