Gas prices jump seven cents a litre in Ottawa

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Gas prices jump seven cents a litre in Ottawa
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Several stations in the city were selling regular at 175.9 cents per litre Sunday morning after being around 168 cents on Saturday. ottnews

Canadians for Affordable Energy President Dan McTeague said that after a 10-cents a litre drop over the past two days, prices were expected to increaseSeveral stations in the city were selling regular at 175.9 cents per litre Sunday morning after being around 168 cents on Saturday.

McTeague told CTV News Ottawa earlier this week the drop in gas prices is linked to a decline in demand in the United States. On July 1, the Ontario Government cut the tax on gas for six months to help motorists. "It may very well trigger much higher prices down the road and the reason is very simply it will encourage demand and that demand can’t be met with limited supply. So it’s short-term gain long term pain, unfortunately," McTeague said.Gas prices have been on the decline for more than a month after peaking at a record 215.9 cents a litre in Ottawa on June 11.

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