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Here’s when gas prices will rise seven cents per liter in Ottawa

Written by Javed Iqbal

Ottawa drivers will want to fill up the gas tank on Saturday before prices start to rise at the end of the weekend.

Gas prices fell to a six-month low at Ottawa stations on Saturday, at $1,599 a litre. According to ottawagasprices.com, some stations in Ottawa were selling gas for $1.54 per gallon.

Prices have fallen by 20 cents per liter in Ottawa since Thursday.

However, Canadians for Affordable Energy president Dan McTeague is asking motorists to fill up their gas tanks today.

McTeague predicts prices will rise seven cents per liter in Ottawa and across Ontario on Sunday to 166.8 cents per litre.

Gas prices in Ottawa have fallen 56 cents per liter since hitting a record high of 215.9 cents per liter on June 11. A drop in demand and growing fears of a recession drove oil prices down. The Ontario government lowered the gas tax on July 1 from 14.7 cents per liter to 9 cents per litre.

Speaking on Newstalk 580 CFRA’s Ottawa at Work on Friday, McTeague said the recent drop in gas prices is welcome, but “don’t expect it to last.”

“The markets, I think, are overestimating the amount of demand decline we’ve seen in the U.S. and underestimating the most severe supply shortages we have,” McTeague said.

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Javed Iqbal

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