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Gas prices on the way up for long weekend

Petroleum analysts are forecasting a two cent increase overnight, and by Sunday, prices will be close to $1.40/litre.
pumping gas
File photo

Gas prices are set to rise just in time for the Canada Day long weekend. 

Chief Petroleum Analyst with EnPro, Roger McKnight, is forecasting a two cent hike overnight into Friday, and another five to six cents by Sunday.

The price hike will put an end to the roughly month-long price war we've seen in Ottawa. 

"The Ottawa Valley is basically about five to six cents below where the normal market is - that's the rest of the province." McKnight told 1310 NEWS. "That's going to come to a screeching halt."

By Sunday, we're likely to see prices of about $1.37/litre. 

This hike comes mainly after a four to six week stoppage at the Syncrude plant in Edmonton, which supplies 360,000 barrels of crude oil to the United States. 

That stoppage has traders worried about supply. 

McKnight said there's no telling when prices might swing back down in the Ottawa region. 

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