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
What to know about avian influenza in dairy cows and the risk to humans
Why is H5N1, or bird flu, a concern, how does it spread, and is there a vaccine? Here are the answers to some frequently asked questions about avian influenza.
'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.
opinion The special relationship between King Charles and the Princess of Wales
Royal commentator Afua Hagan writes that when King Charles recently admitted Catherine to the Order of the Companions of Honour, it not only made history, but it reinforced the strong bond between the King and his beloved daughter-in-law.
Man convicted of involuntary manslaughter in father's drowning, told police he was baptizing him
A Massachusetts man who told police he was exorcising a demon and performing a baptism when he shoved his father's head under water multiple times has been convicted of involuntary manslaughter in his death.
New Norad commander calls Canada's defence policy update 'very encouraging'
American troops will be spending more time training in the Far North, the new commander of Norad says, a strategy that fits 'hand-in-glove' with Canada's renewed focus on Arctic defence.
$70M Lotto Max winners kept prize a secret from family for 2 months
During a special winner celebration near their hometown, Doug and Enid shared the story of how they discovered they were holding a Lotto Max ticket worth $70 million and how they kept this huge secret for so long.
Are Canadians getting sick from expired food?
A new survey by Dalhousie University's Agri-Food Analytics Lab asked Canadians about their food consumption habits amid rising prices.
Documents reveal Ottawa's efforts to get Loblaw, Walmart on board with grocery code
It was evident to the federal government as early as last fall that Loblaw and Walmart might be holdouts to the grocery code of conduct, jeopardizing the project's success.
Charlie Woods, son of Tiger, shoots 81 in U.S. Open qualifier
Charlie Woods failed to advance in a U.S. Open local qualifying event Thursday, shooting a 9-over 81 at Legacy Golf & Tennis Club.