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After a bump up this week, gas prices are expected to slide as much as 13 cents in the capital in the next two days, making Friday afternoon a good possible time to fill up.
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Prices registered a five-cents-a-litre drop around town Thursday, after a climb of 10 cents or more a litre through the week.
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And the outlook for Friday is for a further seven-to-eight-cent trim before the weekend.
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The changes would keep Ottawa-area prices below the $2-per-litre level.
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Roger McKnight, chief petroleum watcher with En-Pro International Inc., and other observers continue to stress that the conflict in the Middle East makes prices hard to pin down.
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International markets were buoyed on Thursday after days of mixed messages from the U.S. administration over its strategy to end the war.
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Iran said it was reviewing the latest American proposals to end the war after U.S. President Donald Trump threatened a new wave of bombing unless a deal is reached that includes reopening the Strait of Hormuz to international shipping.
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Analysts say news of the potential peace deal has taken effect on the wholesale market.
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Fellow analyst Dan McTeague, president of Canadians for Affordable Energy, has forecast in his newsletter that Ottawa-area gas prices should slide to $1.849 per litre Friday.
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Nevertheless, McTeague has said volatility should be expected to continue for some time and prices can be expected to climb.
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