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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 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's Dan McTeague:

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