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
Doctors say capital gains tax changes will jeopardize their retirement. Is that true?
The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are.
Something in the water? Canadian family latest to spot elusive 'Loch Ness Monster'
For centuries, people have wondered what, if anything, might be lurking beneath the surface of Loch Ness in Scotland. When Canadian couple Parry Malm and Shannon Wiseman visited the Scottish highlands earlier this month with their two children, they didn’t expect to become part of the mystery.
What do weight loss drugs mean for a diet industry built on eating less and exercising more?
Recent injected drugs like Wegovy and its predecessor, the diabetes medication Ozempic, are reshaping the health and fitness industries.
2 military horses that broke free and ran loose across London are in serious condition
Two military horses that bolted and ran miles through the streets of London after being spooked by construction noise and tossing their riders were in a serious condition and required operations, a British government official said Thursday.
'It was instant karma': Viral video captures failed theft attempt in Nanaimo, B.C.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
Fair in Ontario, flurries in Labrador: Weather systems make for an erratic spring
It's no secret that spring can be a tumultuous time for Canadian weather, and as an unseasonably mild El Nino winter gives way to summer, there's bound to be a few swings in temperature that seem out of the ordinary. From Ontario to the Atlantic, though, this week is about to feel a little erratic.
He replaced Mickey Mantle. Now baseball's oldest living major leaguer is turning 100
The oldest living former major leaguer, Art Schallock turns 100 on Thursday and is being celebrated in the Bay Area and beyond as the milestone approaches.
What a urologist wants you to know about male infertility
When opposite sex couples are trying and failing to get pregnant, the attention often focuses on the woman. That’s not always the case.
Made-in-Newfoundland vodka claims top prize at worldwide competition
A Newfoundland-made vodka has been named one of the world’s best by judges at this year’s World Vodka Awards.