Ottawa gas prices drop, but not for long
The price to fill up the gas tank for the start of your long weekend road trip got a little cheaper, but the relief at the pumps will be short-lived.
Gas prices dropped 10 cents a litre at Ottawa stations to 196.6 cents per litre at Ottawa gas stations on Friday, while some stations were selling for $1.95.
However, Canadians for Affordable Energy President Dan McTeague says prices are expected to rise back above $2 a litre over the weekend.
"This is the only day I'd recommend filling up," McTeague told Toronto's CP24. "We're going to see a four cents increase on Saturday."
McTeague said late Friday afternoon that gas prices will drop two cents a litre on Sunday.
Several stations charged 206.9 cents per litre in Ottawa on Saturday, but some stations continued to post prices below $2/L.
Gas prices dropped 13-cents a litre at stations in Ottawa and across southern Ontario since Wednesday, which McTeague said was "very unexpected" as markets dropped over fears of a recession.
The highest price for gasoline in Ottawa was $2.09 a litre on Wednesday.
McTeague says gas prices will top that by next weekend.
“Next week, the Americans begin their unofficial kickoff to the summer driving season. That's going to put a lot of pressure on gas prices for us here in Canada. They are really the ones to determine prices for us, they’re a large market," McTeague said Friday morning.
"I would expect that we're going to be back to $2.10 a litre probably within the next week or so. Unfortunately it's not good news; shortage of supply and demand is pretty strong despite the high price."
According to ottawagasprices.com, the average price of gasoline in Ottawa was $1.25 a litre in May 2021, and $0.87 a litre in May 2020.
CTVNews.ca Top Stories
BREAKING King Charles' cancer treatment progressing well, says Buckingham Palace
King Charles III’s doctors are 'sufficiently pleased' with his cancer treatment and he is expected to return to public-facing duties, Buckingham Palace announced on Friday.
BREAKING Orca calf that was trapped in B.C. lagoon for weeks swims free
An orca whale calf that has been stranded in a B.C. lagoon for weeks after her pregnant mother died swam out on her own early Friday morning.
'Unacceptable': Trudeau reacts after AFN chief says headdress taken from plane cabin
After the Assembly of First Nations' national chief said her headdress was taken from an airplane cabin this week, Prime Minister Justin Trudeau called the incident 'unacceptable' and a 'mistake' on the part of Air Canada.
Sophie Gregoire Trudeau on navigating post-political life, co-parenting and freedom
Sophie Gregoire Trudeau says there is 'still so much love' between her and Prime Minister Justin Trudeau, as they navigate their post-separation relationship co-parenting their three children.
From faulty kids' cribs to flammable kids' bathrobes, here are the recalls of the week
Health Canada issued recalls for various items this week, including kids’ bathrobes, cribs and henna cones.
Taylor Swift dons Montreal designer's dress in 'Fortnight' video
A pair of Montreal designers' work has now been viewed over 41 million times. Taylor Swift dons a Victorian throwback black gown in her latest music video, 'Fortnight', designed by UNTTLD due Simon Belanger and Jose Manuel Saint-Jacques.
'Too young to have breast cancer': Rates among young Canadian women rising
Breast cancer rates are rising in Canada among women in their 20s, 30s and 40s, according to research by the University of Ottawa (uOttawa).
'Violation': CSIS had officer investigated after she reported a superior raped her
A CSIS officer's allegations that she was raped repeatedly by a superior in agency vehicles set off a harassment inquiry, but also triggered an investigation into her that concluded the alleged attacks were a “misuse” of agency vehicles by the woman.
'I was scared': Ontario man's car repossessed after missing two repair loan payments
An Ontario man who took out a loan to pay for auto repairs said his car was repossessed after he missed two payments.