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
A 'tragedy that can't be measured': North Bay's forever chemical problem is also the rest of Canada's
For decades, North Bay, Ontario's water supply has harboured chemicals associated with liver and developmental issues, cancer and complications with pregnancy. It's far from the only city with that problem.
opinion How to use your credit card as a powerful wealth-building tool
Irresponsibly using a credit card can land you in financial trouble, but personal finance columnist Christopher Liew says when used properly, it can be a powerful wealth-building tool that can help grow your credit profile and create new opportunities.
Swarm of 20,000 bees gather around woman’s car west of Toronto
A swarm of roughly 20,000 bees gathered around a woman’s car in the parking lot of Burlington Centre.
Which Canadian cities have the highest and lowest grocery prices?
Where you live plays a big factor in what you pay at the grocery store. And while it's no secret the same item may have a different price depending on the store, city or province, we wanted to see just how big the differences are, and why.
Questlove was not happy with Drake and Kendrick Lamar's beef: 'Nobody won the war'
While some may have been excited and/or amused by the diss-track feud between Drake and Kendrick Lamar, the man many consider to be an elder statesman of hip-hop appears less than enthused about it.
Here's what 'the hinge' move is, how to do it correctly
When you're picking something up from the floor or bending over to tie your shoe laces, you're performing "the hinge move," according to movement trainers.
Trump heading to Jersey Shore to rally 'mega crowd' in weekend break from hush money trial
After a long week in court, Donald Trump is heading to the Jersey Shore. And his campaign says he'll be joined by "tens of thousands" of his friends.
Barron Trump declines to serve as an RNC delegate
Former U.S. President Donald Trump's youngest son, Barron Trump, has declined to serve as a delegate at this summer’s Republican National Convention, according to a senior Trump campaign adviser and a statement from Melania Trump's office.
Bouchard lifts Edmonton Oilers to 4-3 overtime win over Canucks in Game 2
Evan Bouchard scored 5:38 into overtime and the Edmonton Oilers bounced back for a 4-3 win over the Vancouver Canucks in the second round of the Stanley Cup playoffs on Friday.