Here's when Ottawa gas prices will jump another 3 cents a litre
It will cost you more to fill up the gas tank in Ottawa heading into the weekend.
Gas prices increased five cents a litre at Ottawa stations on Thursday to an average of $1.54 a litre.
Canadians for Affordable Energy president Dan McTeague predicts gas prices will rise another three cents a litre on Friday to approximately $1.57 a litre.
McTeague warns Hurricane Ian will play a big role in determining gas prices in the coming days.
“There's a chance we could see prices moving up and we're going to have to watch what happens to Hurricane Ian," McTeague told CP24.com.
"A lot of people saying it won’t affect assets that create energy, oil, gasoline, oil in the United States, but there's a pipeline that goes to there called a Colonial Pipeline. I don't think it'd be flooded, but if it does it may shut down temporarily."
McTeague says the impact of colder weather on the demand for more energy resources and the weakness of the Canadian dollar is bringing up prices at the pumps.
Ottawa gas prices hit a record 215.9 cents a litre on June 11, but have been below $2 a litre for most of the summer. The Ontario government cut the gas tax rate from 14.7 cents per litre to nine cents a litre on July 1 for six months.
According to Ottawagasprices.com, gas was selling for an average of $1.46 a litre in Ottawa on Wednesday – that's the lowest level since February.
McTeague tells CP24.com fuel prices right now are "as good as it gets."
“Going forward, slowly in the month of October and a little faster in November, we're going to see prices rise. Especially on the diesel side, on the jet fuel side, on the natural gas side. On the home heating side, on the propane side. And yes that will impact gasoline,” he tells CP24.com.
With files from CP24 Web Content Writer Kerrisa Wilson
CTVNews.ca Top Stories
BREAKING Quebec judge orders bus driver to stand trial for 2023 daycare crash deaths
A judge has ordered a Quebec man to stand trial on charges of first-degree murder in the deaths of two children killed when a bus rammed into a Montreal-area daycare last year.
Trudeau promises $1B in loans for child-care providers to expand care centres
The federal government is launching a new loan program to help child-care providers in Canada expand their spaces, and will be extending further student loan forgiveness and training options for early childhood educators, Prime Minister Justin Trudeau announced Thursday.
Sunshine list: These were the Ontario public sector's highest earners in 2023
Ontario released its annual sunshine list Thursday afternoon, noting that the largest year-over-year increases were in hospitals, municipalities, and post-secondary sectors.
Where is the worst place for allergy sufferers in Canada?
The spring allergy season has started early in many parts of Canada, with high levels of pollen in some cities already. Experts weigh in on which areas have it worse so far this season.
Multiple bridges in Calgary shut down for police incident
Calgary police have shut down a number of bridges into and out of the downtown core as officers deal with a distraught individual.
N.B. man wins $64 million from Lotto 6/49
A New Brunswicker will go to bed Thursday night much richer than he was Wednesday after collecting on a winning lottery ticket he let sit on his bedroom dresser for nearly a year.
Why some Christians are angry about Trump's 'God Bless the USA' Bible
Former U.S. President Donald Trump is officially selling a copy of the Bible themed to Lee Greenwood’s famous song, 'God Bless the USA.' But the concept of a Bible covered in the American flag has raised concern among religious circles.
'Nonsense:' Doug Ford slams lawsuits filed by Ontario school boards against social media platforms
Premier Doug Ford says that lawsuits launched by four Ontario school boards against a trio of social media platforms are “nonsense” and risk becoming a distraction to the work that really matters.
BREAKING Calgary officer charged after allegedly assaulting handcuffed man
A Calgary police officer has been charged after allegedly assaulting a handcuffed man two years ago.