Gas prices set to rise 5 cents a litre in Ottawa on Friday
It will cost you more to fill up the gas tank heading into the second last weekend of summer vacation.
Dan McTeague of Canadians for Affordable Energy says gas prices will increase one cent on Thursday before increasing another five cents on Friday.
Gas prices are expected to approach $1.40 a litre at Ottawa stations heading into the weekend.
McTeague tells CTV News Ottawa energy traders were "spooked" last week over rising global COVID-19 numbers and word the U.S. Federal Reserve was going to 'taper" easing.
"This spooked the markets, which fell as a result," said McTeague.
"This week there taking a different tack - reality of Mexican oil production offline and demand exceeding supply has markets rethinking their mistake last week. Bottom line, the decrease we saw last week was unwarranted and ignored fundamentals."
He says prices may drop a penny on Sunday.
Across Ontario, there are 678 new cases of COVID-19 in Ontario.
Ottawa police say the driver was observed going 101 kilometres an hour on King Edward Avenue.
Dr. Paul Roumeliotis, Eastern Ontario's Medical Officer of Health, says the medical officers of health agreed on Wednesday to create their own proof of vaccination certificate in each jurisdiction