Motorists from Ottawa will pay a record amount this weekend to fill the gas tank.
Canadians for Affordable Energy president Dan McTeague says gas prices will rise 10 cents over the next two days, to more than $2 a liter on Saturday.
The average price of a gallon of regular gasoline sold in Ottawa Thursday for 191.9 cents a gallon, according to ottawagasprices.com.
McTeague predicts gas prices will rise a penny Friday morning, followed by another five cents a liter on Saturday. McTeague says most gas stations in Ottawa and Toronto should be selling gasoline for 202.9 cents a liter on Saturday.
“If you look at the fundamentals, supply and demand for diesel and gasoline for the summer season, we’re not just low — we’re critically low, and that’s one of the main reasons prices are rising,” McTeague told Toronto’s CP24 Thursday afternoon. .
McTeague says another factor is the weak Canadian dollar.
Gasoline prices hit a record 199.9 cents per gallon at gas stations in Ottawa on Mother’s Day.
Featuring files from CP24 Web Content Writer Chris Fox