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
'Anything to win': Trudeau says as Poilievre defends meeting protesters
Prime Minister Justin Trudeau is accusing Conservative Leader Pierre Poilievre of welcoming 'the support of conspiracy theorists and extremists,' after the Conservative leader was photographed meeting with protesters, which his office has defended.
'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.
Ukraine uses long-range missiles secretly provided by U.S. to hit Russian-held areas, officials say
Ukraine for the first time has begun using long-range ballistic missiles provided secretly by the United States, bombing a Russian military airfield in Crimea last week and Russian forces in another occupied area overnight, American officials said Wednesday.
'One of the single most terrifying things ever': Ontario couple among passengers on sinking tour boat in Dominican Republic
A Toronto couple are speaking out about their 'extremely dangerous' experience on board a sinking tour boat in the Dominican Republic last week.
All Alberta wildfires to date in 2024 believed to be human-caused: province
There are 63 wildfires burning in Alberta's forest protection area as of Wednesday morning and seven mutual aid fires, including one in the Municipal District of Peace.
7 surveillance videos linked to extortions of South Asian home builders in Edmonton released
The Edmonton Police Service has released a number of surveillance videos related to a series of extortion cases in the city now dubbed 'Project Gaslight.'
Suspects waving weapons, smashing glass in Toronto jewelry store robbery caught on video
Arrests have been made after five men were captured on video rampaging through a jewelry store in Toronto, waving weapons and smashing glass display cases.
Bank of Canada officials split on when to start cutting interest rates
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
New evidence challenges the Pentagon's account of a horrific attack as the U.S. withdrew from Afghanistan: CNN exclusive
New video evidence uncovered by CNN significantly undermines two Pentagon investigations into an ISIS-K suicide attack outside Kabul airport, during the American withdrawal from Afghanistan in 2021.