Ottawa gas prices flirt with $2 a litre
Ottawa motorists will be paying record prices to fill up the gas tank today, and prices are expected to continue to climb by the May long weekend.
Gas is selling at 199.9 cents a litre at some Ottawa gas stations this morning following a four cent a litre hike overnight.
Gas prices have been rising steadily over the past week, hitting 191.9 cents a litre on Wednesday and 195.9 cents a litre on Saturday.
"Highest prices and they are happening at least a week to two weeks before I could have predicted, in my wildest estimations, that we would see $2 by the May 2-4 weekend," Canadians for Affordable Energy president Dan McTeague told CP24 on Saturday.
The 199.9 cents a litre is a new record for regular gas in Ottawa. According to ottawagasprices.com, gas was selling for an average of $1.26 a litre on May 7, 2021, and 82 cents a litre on May 7, 2020.
McTeague says gas prices will hit $2.10 a litre by the May long weekend.
"Add another 10 cents a litre. We are going to look at another 10 cents in the next two weeks," McTeague said.
McTeague says the only thing that could cause prices to drop would be if Russian forces retreat in Ukraine.
"If Russia decides to back off look for gas prices to drop, as well as oil, that would probably lead to an unexpected decrease in prices," McTeague told CP24.
With files from CP24's Kerrisa Wilson.
CTVNews.ca Top Stories
Grandparents killed in wrong-way crash on Hwy. 401 identified
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
Police arrest 3 Indian nationals in killing of B.C. Sikh activist Hardeep Singh Nijjar
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
Suter scores late goal, clinches series for Canucks
Pius Suter scored with 1:39 left and the Vancouver Canucks advanced to the second round of the NHL playoffs with a 1-0 victory over the Nashville Predators on Friday night in Game 6.
TD worst-case scenario more likely after drug money laundering allegations: analyst
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
Quebec man who threatened Trudeau, Legault online sentenced to 20 months in jail
A Quebec man who pleaded guilty to threatening Prime Minister Justin Trudeau and Premier François Legault has been sentenced to 20 months in jail.
Human remains found in rural Sask. possibly a decade old, RCMP say
RCMP say human remains found in a rural area in central Saskatchewan may have been there for a decade or more.
Britney Spears 'home and safe' after paramedics responded to an incident at the Chateau Marmont, source tells CNN
A source close to singer Britney Spears tells CNN that the pop star is 'home and safe' after she had a 'major fight' with her boyfriend on Wednesday night at the Chateau Marmont in West Hollywood.
Canadian doctor concerned new weight-loss drug Wegovy may be used inappropriately
As Wegovy becomes available to Canadians starting Monday, a medical expert is cautioning patients wanting to use the drug to lose weight that no medication is a ''magic bullet,' and the new medication is meant particularly for people who meet certain criteria related to obesity and weight.
Drew Carey is never quitting 'The Price Is Right'
Drew Carey took over as host of 'The Price Is Right' and hopes he’s there for life. 'I'm not going anywhere,' he told 'Entertainment Tonight' of the job he took over from longtime host Bob Barker in 2007.