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

Gasoline prices in Ottawa began to rise at the end of the weekend.

Gasoline prices fell to their lowest level in six months at Ottawa stations on Saturday, at $1.599 per litre. According to ottawagasprices.com, some stations in Ottawa were selling gasoline at $1.54 per litre.

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

However, the president of Canadians for Affordable Energy, Dan McTeague, tells motorists that prices will go up.

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

By midday Sunday, the average price in the city had climbed to $1.61.

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

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

“I think the markets are overestimating the magnitude of the drop in demand we’ve seen in the United States and underestimating the most severe supply shortage we’re experiencing,” McTeague said.

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