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Capital region experiencing lower-than-anticipated prices at the pumps

Ottawa gas station owners are keeping prices close to the margins, as they bank on higher customer volumes.
Gas prices
A motorist reaches for the pump at a gas station on Feburary 24, 2011. THE CANADIAN PRESS/Patrick Dell

A couple of weeks ago, gas market watchers were warning of "pump price shock" in Ottawa, but the high prices never truly arrived.

Costs were expected to hit over a $1.40 per litre, but drivers in the capital region are currently experiencing average prices closer to $1.30.

Senior Analyst with GasBuddy.com Dan McTeague tells 1310 NEWS' The Rick Gibbons Show, we are seeing prices "close to the margins" because it's creating a higher volume of overall business at gas stations.

Business owners are banking on drivers walking in and making purchases in addition to gasoline.

"It does cost something to run a gas station here in Ottawa, and given that [gas] prices are 23 or 24 cents per litre higher than they were at this time last year, it's still pretty expensive," he explained. "But mornings tend to be more expensive -- evenings less expensive."

McTeague doesn't think the energy sector will get sucked into the current trade spat back-and-forth between Canada and the US, but if it ends up impacting the Loonie, drivers will definitely feel it at the pumps.

Listen to the full conversation with GasBuddy.com's Dan McTeague:

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