The cost to fill the gas tank hit a new record at stations in Ottawa this weekend.
Gasoline prices rose two cents on Friday to 212.9 cents per liter and rose another three cents on Saturday to 215.9 cents per liter at many stations across the city.
“I don’t think it will end there,” Dan McTeague, president of Canadians for Affordable Energy, told Newstalk 580 CFRA’s Ottawa at Work. “Inflation numbers in the United States are quite sobering (and) that could cause a bit of panic in the energy markets, but that will only delay the inevitable.”
McTeague says the weakness of the Canadian dollar is partly responsible for the rise in gas prices. There is also a tight global supply that has been exacerbated by the Russian invasion of Ukraine.
The record for the highest gas price in Ottawa was 214.9 cents last weekend.
According to ottawagasprices.com, gas prices were $1.25 a gallon in Ottawa a year ago.
Featuring files from CP24 web content writer Bryann Aguilar