Motorists in Ottawa can expect a welcome relief at the pumps this weekend as gas prices are forecast to drop by 6 cents per litre. The decrease, effective from Saturday, brings the average price down to approximately 1.45 per litre, according to industry analysts.
Market Factors Behind the Drop
The price reduction is attributed to a combination of lower crude oil prices and increased supply. Analysts note that seasonal demand shifts and refinery maintenance schedules have also played a role. “We’re seeing a typical summer pattern where prices ease after the spring spike,” said Dan McTeague, a petroleum analyst.
Impact on Drivers
For the average driver, the 6-cent drop translates to savings of about 3 to 4 dollars per fill-up. Many residents expressed relief, especially with summer travel season underway. “Every bit helps,” said Ottawa commuter Sarah Jenkins. “I’ll definitely plan my fill-up for Saturday.”
Broader Trends
Across Ontario, gas prices have been fluctuating. In Toronto, prices are also expected to dip slightly, while other regions like Windsor and Kingston may see similar declines. However, experts caution that prices could rise again if geopolitical tensions or supply disruptions occur.
Motorists are advised to fill up later in the week to take advantage of the lower rates. The drop is expected to last through the weekend, with potential further decreases in the coming weeks if market conditions remain stable.
