Here's when gas prices will increase another 6 cents a litre in Ottawa
The cost to fill up the gas tank is set to increase again in Ottawa on Thursday, and an industry analyst warns prices are likely to continue to rise after the Thanksgiving long weekend.
Gas prices increased 10-cents a litre at stations in Ottawa and across southern Ontario on Wednesday to $1.629 a litre.
Canadians for Affordable Energy President Dan McTeague says gas prices are expected to rise another six cents a litre on Thursday to 168.9 cents a litre.
"The bad news is I don't think it's going to stop there," McTeague told CTV Morning Live Wednesday morning.
"We may get a break for a couple of days, maybe, but with OPEC deciding to cut back about 1.8 million barrels in production to, as it were, adjust the market and taking into account their concern for inflation. The reality is that we could be looking at a several more cents being added – a buck 75 perhaps by as early as mid-next week."
McTeague says the decision by oil-producing countries to decrease output comes as demand for oil and gas will continue to rise into the winter months.
"Oil demand will continue to rise despite the narrative, and so that really means is someone is going to have to step up to the plate and OPEC's saying they're not going to do that," McTeague said.
Wednesday's gas price of 162.9 cents a litre is the highest price for gasoline in Ottawa since mid-August.
According to Ottawagasprices.com, the average price for gasoline was $1.34 one year ago and $0.92 a litre in October 2020.
CTVNews.ca Top Stories
Widow looking for answers after Quebec man dies in Texas Ironman competition
The widow of a Quebec man who died competing in an Ironman competition is looking for answers.
Tom Mulcair: Park littered with trash after 'pilot project' is perfect symbol of Trudeau governance
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
World seeing near breakdown of international law amid wars in Gaza and Ukraine, Amnesty says
The world is seeing a near breakdown of international law amid flagrant rule-breaking in Gaza and Ukraine, multiplying armed conflicts, the rise of authoritarianism and huge rights violations in Sudan, Ethiopia and Myanmar, Amnesty International warned Wednesday as it published its annual report.
Photographer alleges he was forced to watch Megan Thee Stallion have sex and was unfairly fired
A photographer who worked for Megan Thee Stallion said in a lawsuit filed Tuesday that he was forced to watch her have sex, was unfairly fired soon after and was abused as her employee.
Amid concerns over 'collateral damage' Trudeau, Freeland defend capital gains tax change
Facing pushback from physicians and businesspeople over the coming increase to the capital gains inclusion rate, Prime Minister Justin Trudeau and his deputy Chrystia Freeland are standing by their plan to target Canada's highest earners.
U.S. Senate passes bill forcing TikTok's parent company to sell or face ban, sends to Biden for signature
The Senate passed legislation Tuesday that would force TikTok's China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that's expected to face legal challenges.
Wildfire southwest of Peace River spurs evacuation order
People living near a wildfire burning about 15 kilometres southwest of Peace River are being told to evacuate their homes.
U.S. Senate overwhelmingly passes aid for Ukraine, Israel and Taiwan with big bipartisan vote
The U.S. Senate has passed US$95 billion in war aid to Ukraine, Israel and Taiwan, sending the legislation to President Joe Biden after months of delays and contentious debate over how involved the United States should be in foreign wars.
'My stomach dropped': Winnipeg man speaks out after being criminally harassed following single online date
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.