Ontario gas prices expected to climb 12 cents overnight: analyst
The price of gas in Ontario is expected to climb even higher on Saturday, according to one industry analyst.
Dan McTeague, President of Canadians for Affordable Energy, said prices will jump by 12 cents on Saturday to $1.85 per litre. That follows an 11 cent uptick since Wednesday, totalling an increase McTeague said he has never seen before.
“23 cents a litre increase in the past 72 hours...It’s unprecedented and it does not bode very well for the summer,” he said speaking to CP24 on Friday.
The increase, in large part, is due to a seasonal switchover in the gas blends offered at stations during the summer months.
“In other words, the kind of gasoline you get tends to change from April 15 until September 15. That’s a thing, it’s been around for the past 30 years,” McTeague said.
Saturday’s prices will come close to the record-high rates seen at the beginning of March, when drivers in the province saw a litre of gas go for $1.90 due in part to the Russian invasion of Ukraine.
However, the cost to fill up isn’t expected to drop anytime soon -- and drivers should expect to see gas a litre of gas sell for $2 on “several days” throughout the summer, McTeague cautioned.
“Oil is going to remain in the vicinity of $105 to $125 a barrel. Summer demand driving is around the corner. I know that many people will probably rethink these prices and their desire to get on the road, but that’s not going to dampen global demand for oil,” he said.
“We will see, mark my words, $2 a litre on several days throughout the summer this year.”
CTVNews.ca Top Stories
The Canadian flag in the context of 'Freedom Convoy' and residential schools
In the wake of last year’s discoveries of unmarked graves at residential schools and the prominent displays of the Canadian flag during 'Freedom Convoy' protests, some Canadians are re-evaluating the meaning of the national symbol.
In Canada Day message, Trudeau says Canadian flag represents promise of a better life
Prime Minister Justin Trudeau is calling on Canadians to recommit to the country’s values, including respect, hope and kindness, in his official Canada Day message.
'Not going to happen in our lifetime': First-time homebuyers share their struggles with purchasing a home
A recent survey shows nearly 50 per cent of Canadians who rent expect to do so forever. As rising interest and inflation rates contribute to a sense of pessimism among first-time homebuyers in Canada, some are sharing their struggles with purchasing their first house.
NEW THIS MORNING | What you need to know about Canada Day celebrations in Ottawa
A sea of red and white is expected to converge on downtown Ottawa and LeBreton Flats today to celebrate Canada's 155th birthday.
Four people arrested at National War Memorial in Ottawa as Canada Day celebrations begin
Police officers in cruisers, on foot patrol and on bicycles are patrolling the Parliamentary Precinct, the ByWard Market and the so-called 'motor vehicle control zone,' as the city prepares for Canada's 155th birthday celebrations and possible protests.
Mounties issue 80 tickets in B.C. national park after crashes kill 3 bears in 6 days
Multiple crashes involving bears in a B.C. national park earlier this month prompted a crackdown on drivers in the area, according to the B.C. Highway Patrol and Parks Canada.
Royal Canadian Navy relieves Pacific fleet ship commander for 'inappropriate conduct'
The Royal Canadian Navy says it has relieved the commanding officer of a warship in the Pacific Fleet.
'Extraordinarily rare' Princess Diana portrait goes on display in London
A rare portrait of Diana, Princess of Wales, will be on public display for the first time after it was recently sold for US$201,600 at auction.
At least 19 dead in Russian missile attack on residential buildings, officials say
Russian missile attacks on residential areas in a coastal town near the Ukrainian port city of Odesa early Friday killed at least 19 people, authorities reported, a day after Russian forces withdrew from a strategic Black Sea island.
Montreal
-
Compensation questions loom for Air Canada customers with cancelled flights
Consumer rights advocates are demanding Air Canada provide compensation to many of the hundreds of thousands of passengers whose summer flights it cancelled.
-
Montrealers allege 'racial profiling' during police intervention on Saint-Jean Baptiste Day
Organizers of a Montreal Caribbean festival are looking for clarity from police as to why a large group of officers interrupted their pre-festival barbecue on Saint-Jean Baptiste Day.
-
La Fontaine tunnel towards South Shore closed due to vehicle on fire
The Louis-Hippolyte Lafontaine Tunnel is closed heading towards the South Shore from Montreal due to a vehicle on fire.
London
-
Provincial gas tax reduction in time for Canada Day— but not everyone is celebrating
If you were one of the thousands of Londoners who bought gas on Thursday— you overpaid.
-
Police identify teen cyclist involved in fatal crash
Police continue to investigate after a fatal collision involving a cyclist claimed the life of a 17-year-old from Crediton.
-
Ford says he'll end 'unfair' insurance premiums based on postal codes
Ontario drivers could soon see the end of "unfair" insurance policies with premiums based on postal codes, Premier Doug Ford said Thursday.
Kitchener
-
Kitchener encampment remains intact as eviction deadline passes
The eviction deadline for people living at an encampment at Victoria and Weber Streets in Kitchener has come and gone, but residents of the property say they’re not moving.
-
Vaccination miscommunication leaves Kitchener woman worried for 86-year-old mother
A miscommunication involving a COVID-19 booster shot has left a Kitchener woman concerned for her 86-year-old mother.
-
City of Kitchener announces death of baby swan
The news comes just two days after the City launched a naming contest for the young bird, which it said was the first offspring of Victoria Park swans, Otis and Ophelia.
Northern Ontario
-
Program aims to boost relationships with police, Indigenous youth
The second annual Mooz Akinonmaaget Maa Aki Moose Hunt initiative was launched Thursday in Sudbury.
-
Safe consumption site in Timmins ready to open Monday
With Health Canada's permission, street drugs can now be consumed inside Safe Health Site Timmins.
-
Sault Fire launches fire safety campaign for seniors
Sault Ste. Marie Fire Services is helping seniors protect themselves against fire. The Assisting Seniors Awareness Program or Project ASAP is focussed on those 65 or older, and still living independently.
Ottawa
-
NEW THIS MORNING
NEW THIS MORNING | What you need to know about Canada Day celebrations in Ottawa
A sea of red and white is expected to converge on downtown Ottawa and LeBreton Flats today to celebrate Canada's 155th birthday.
-
What you need to know about Canada Day events in Ottawa
CTVNewsOttawa.ca looks at the Canada Day activities across the city of Ottawa, including at the new location at LeBreton Flats.
-
What's open and closed in Ottawa on Canada Day
CTVNewsOttawa.ca looks at the closures and schedule changes in Ottawa on Canada Day.
Windsor
-
Little being done to stop loud fireworks noise 'five to seven days a week', says Windsor resident
Despite the City of Windsor prohibiting the use of fireworks on most days of the year, Walkerville resident Jordan Whelan says his family has been disturbed by the sounds of loud pops multiple times a day for the past six months.
-
Ford says he'll end 'unfair' insurance premiums based on postal codes
Ontario drivers could soon see the end of "unfair" insurance policies with premiums based on postal codes, Premier Doug Ford said Thursday.
-
Vaccine mandates end at Stellantis, but not City of Windsor
Vaccine Mandates are slowly being phased out of many large workplaces. Some never had them, but others, including the City of Windsor, are sticking with them.
Barrie
-
Here's what's open and closed Canada Day in Barrie
Friday marks the return of restriction-free Canada Day festivities across the region, with a series of closures to celebrate the nation's birthday.
-
Here's where to watch fireworks on Canada Day across the region
The skies will be lit up on Friday for Canada Day, with fireworks displays planned for several areas across the region.
-
Police patrolling on roads, waterways and trails this Canada Day long weekend
This Canada Day long weekend, police want everyone to stay safe and make wise choices as many people plan to enjoy the first restriction-free summer in two years.
Atlantic
-
Spouse of gunman to testify at N.S. shooting hearings but won't be cross-examined
The spouse of the gunman in the Nova Scotia mass shooting will testify mid-July before a public inquiry, but she won't face direct questions from lawyers representing victims' families.
-
'It’s a waste of time': Low turnout for the final day of school in Nova Scotia
As Claire Mahaney-Lion dropped her son off at school this morning, she questioned the reasons behind scheduling a school day that would last fewer than two hours.
-
Saint John celebrates Memorial Cup win with parade Thursday
Saint John is having its dog day. The host city of the 2022 Memorial Cup is celebrating after the Saint John Sea Dogs bested the Hamilton Bulldogs 6-3 in front of a capacity crowd during Wednesday's championship game at TD Station.
Calgary
-
Indigenous advocates call for cancellation of fireworks as city preps for Canada Day
Thousands of Calgarians are ready to ring in Canada’s 155th birthday as festivities are set to be held across the city, but not everyone is calling this a ‘celebration.’
-
Bank evacuated after white powder discovered on American bills
A southeast Calgary bank was evacuated Thursday afternoon, to allow hazardous materials crews to investigate a strange incident.
-
Calls increase for Calgary Police to release race-based data
The daughter of a Calgary man shot and killed by police earlier this year is calling for details regarding data the service is collecting about interactions between police and people of colour.
Winnipeg
-
Transit bus crashes into home on River Avenue
A crash involving a Transit bus that appears to have smashed into a home has shut down a road near Osborne Village.
-
Security expected to be increased for Canada Day festivities
Security measures are expected to be beefed up at two Winnipeg locations Friday when Canada Day events get underway.
-
AMC working to remove Arlen Dumas after probe found his conduct amounted to 'workplace sexual harassment'
The Assembly of Manitoba Chiefs is working to remove Arlen Dumas as Grand Chief of the organization.
Vancouver
-
After dog died on B.C.-bound flight, owner says airline offered compensation based on 'cargo weight'
Nearly two years after her beloved dog died on a flight to B.C., a Metro Vancouver woman says she’s still waiting for justice for her pet.
-
'We have that resilience and we are strong': Special ceremony marks 1 year since devastating Lytton fire
It’s been exactly one year since fire ravaged the small B.C. community of Lytton, but the source of that massive blaze remains unknown.
-
Anti-vax blog post not admissible, B.C. court rules in vaccination dispute
A B.C. father who printed off a blog post and submitted it to court in a bid to prevent his children's mother from vaccinating them against COVID-19 has lost the dispute, in part because the judge found his evidence inadmissible.
Edmonton
-
Frank Oliver plaque permanently removed by City of Edmonton
An often-vandalized memorial featuring the face of former MP Frank Oliver will no longer be displayed in front of Edmonton's Fairmont Hotel Macdonald.
-
'Albertans need to know': UCP ripped for lack of accounting on $4B in COVID-19 spending
A damning new report from Alberta's auditor general finds government ministries failed to include understandable, relevant and comparable data on COVID-19 in year-end reporting.
-
'Horrifying': Man charged in complex investigation involving dozens of Edmonton arsons
A man is facing multiple charges in connection with a rash of arsons in the Alberta Avenue area, and police are calling him a key suspect in a complex investigation.