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
Pedestrian, baby injured after stroller struck and dragged by vehicle in Squamish, B.C.
Police say a baby and a pedestrian suffered non-life-threatening injuries after a vehicle struck a baby stroller and dragged it for two blocks before stopping in Squamish, B.C.
Senate expenses climbed to $7.2 million in 2023, up nearly 30%
Senators in Canada claimed $7.2 million in expenses in 2023, a nearly 30 per cent increase over the previous year.
Demonstrators kicked out of Ontario legislature for disruption after failed keffiyeh vote
A group of demonstrators were kicked out of the legislature after a second NDP motion calling for unanimous consent to reverse a ban on the keffiyeh failed to pass.
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.
RCMP uncovers alleged plot by 2 Montreal men to illegally sell drones, equipment to Libya
The RCMP says it has uncovered a plot by two men in Montreal to sell Chinese drones and military equipment to Libya illegally.
Government agrees to US$138.7M settlement over FBI's botching of Larry Nassar assault allegations
The U.S. Justice Department announced a US$138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue to prey on victims before his arrest.
BREAKING Canucks goalie Thatcher Demko won't play in Game 2
Vancouver's all-star goaltender won't be in net Tuesday evening, the Canucks' coach has confirmed to TSN.
Man wanted in connection with deadly shooting in Toronto tops list of most wanted fugitives in Canada
A 35-year-old man wanted in connection with the murder of Toronto resident 29-year-old Sharmar Powell-Flowers nine months ago has topped the list of the BOLO program’s 25 most wanted fugitives across Canada, police announced Tuesday.
Doctors ask Liberal government to reconsider capital gains tax change
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.