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
Spectacular aurora light show to be seen across Canada Friday night
A rare and severe solar storm is expected to bring spectacular displays of the northern lights, also known as aurora borealis, across much of Canada and parts of the United States on Friday night.
Town of Fort Nelson, B.C., ordered to evacuate due to wildfire
The entire town of Fort Nelson, B.C., as well as the nearby Fort Nelson First Nation, has been ordered to evacuate due to an out-of-control wildfire.
Snowbirds in Vancouver for puck-drop flyby as Canucks face Oilers
The Canadian Forces Snowbirds will be performing a flyover across downtown Vancouver at the start of tonight's Stanley Cup playoff game between the Canucks and the Edmonton Oilers.
McGill University seeks emergency injunction to dismantle pro-Palestinian encampment
McGill University has filed a request for an injunction to have the pro-Palestinian encampment removed from its campus.
Which Canadian cities have the highest and lowest grocery prices?
Where you live plays a big factor in what you pay at the grocery store. And while it's no secret the same item may have a different price depending on the store, city or province, we wanted to see just how big the differences are, and why.
Swarm of 20,000 bees gather around woman’s car west of Toronto
A swarm of roughly 20,000 bees gathered around a woman’s car in the parking lot of Burlington Centre.
Video shows naked raccoon catching B.C. family by surprise
When Marvin Henschel spotted a strange and hairless creature wandering through a front lawn in B.C.'s Lower Mainland, he could barely believe his eyes.
Barron Trump declines to serve as an RNC delegate
Former U.S. President Donald Trump's youngest son, Barron Trump, has declined to serve as a delegate at this summer’s Republican National Convention, according to a senior Trump campaign adviser and a statement from Melania Trump's office.
Out-of-control wildfire prompts evacuation alert for Fort McMurray, Saprae Creek Estates Friday night
An evacuation alert was issued for two Wood Buffalo communities Friday night, as crews battled an out-of-control wildfire near Fort McMurray.