Ottawa motorists will be paying a record high to fill up the gas tank this weekend.
President of Canadians for Affordable Energy Dan McTeague says gas prices will rise 10 cents over the next two days, surpassing $2 a liter on Saturday.
The average price of a liter of regular gasoline was selling for 191.9 cents a liter in Ottawa on Thursday, according to ottawagasprices.com.
McTeague predicts gas prices will rise a nickel on Friday morning, followed by another five cent a liter increase on Saturday. McTeague says most gas stations in Ottawa and Toronto should be selling gasoline for 202.9 cents a liter on Saturday.
“When you look at the fundamentals, supply and demand for diesel, for gasoline going into summer driving season, not only are we low – we’re critically low, and that is one of the main reasons why prices are going up,” McTeague told Toronto’s CP24 Thursday afternoon.
McTeague says another factor is the weak Canadian dollar.
Gas prices hit a record 199.9 cents a liter at Ottawa gas stations on Mother’s Day.
With files from CP24 Web Content Writer Chris Fox