Yahoo Finance Gas prices: Canada-wide average sees biggest jump so far in 2024
Gas prices are on the rise, and accelerating. The average price for a litre of regular gasoline across Canada booked the biggest seven-day jump of 2024 this week, fuelled by increases in Ontario and Quebec.
According to data firm Kalibrate, the nationwide average price for a litre of regular gasoline rose 4.1 cents to $1.552 between Feb. 8 and Feb. 15.
Sarnia, Ont. saw the biggest weekly increase, followed by Sudbury, Ont., Kingston, Ont., and Gatineau, Que.
It's a similar story in the United States, where gas prices are rising steadily thanks to higher oil prices and recent drawdowns in stockpiles. A shutdown at the large refinery in Indiana that normally processes 435,000 barrels of crude per day has also hit prices in the Midwest, pushing up the national average.
Back in Canada, the number of light vehicles being built continues to rebound from a recent slump in 2021.
Data from DesRosiers Automotive Consultants (DAC) show Canadian automotive assembly increased by over 300,000 units between 2022 and 2023. Toyota (TM) led the increase, followed by Honda (HMC). The only manufacturer showing a decline was General Motors (GM), whose production slipped marginally to 139,465 units.
“Light-vehicle assembly has long been a staple of the Canadian manufacturing environment and its continued post-pandemic recovery is a welcome sign,” said Andrew King, managing partner at DAC. “Significant investments have been made into Canadian automotive assembly and related industries in recent years, as part of a major structural realignment towards ZEVs.”
Last week, a GM Canada director suggested the Detroit automaker could expand its battery-making operations in Quebec.
“My dream is that every vehicle that General Motors makes has a piece of Canada in it,” Sarah Goldfeder, director of government relations and corporate affairs for General Motors Canada, said at a Toronto electric vehicle conference.
Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city.
(All figures in CAD cents)
Location | Feb. 8 | Feb. 15 | Price change |
Canada Average (V) | 151.1 | 155.2 | 4.1 |
WHITEHORSE | 169.9 | 169.9 | 0 |
VANCOUVER* | 168 | 174.4 | 6.4 |
VICTORIA | 165.2 | 165.3 | 0.1 |
PRINCE GEORGE | 146.6 | 146.9 | 0.3 |
KAMLOOPS | 160.5 | 159.9 | -0.6 |
KELOWNA | 160.3 | 159.7 | -0.6 |
FORT ST. JOHN | 156.9 | 154.7 | -2.2 |
ABBOTSFORD | 160.9 | 157.5 | -3.4 |
YELLOWKNIFE | 156.9 | 157.9 | 1 |
CALGARY* | 136.9 | 136.5 | -0.4 |
RED DEER | 134.9 | 134.9 | 0 |
EDMONTON | 134.7 | 131.7 | -3 |
LETHBRIDGE | 133.6 | 136.3 | -0.3 |
LLOYDMINSTER | 133.6 | 134.8 | 1.2 |
GRANDE PRAIRIE | 139.5 | 138.7 | -0.8 |
REGINA* | 139.9 | 139.8 | -0.1 |
SASKATOON | 139.4 | 139.9 | 0.5 |
PRINCE ALBERT | 138.5 | 139.9 | 1.4 |
MOOSE JAW | 137.4 | 138.9 | 1.5 |
WINNIPEG * | 125.9 | 125.3 | -0.6 |
BRANDON | 124.4 | 125.2 | 0.8 |
CITY OF TORONTO* | 147.5 | 152.7 | 5.2 |
BRAMPTON | 147.6 | 153.8 | 6.2 |
ETOBICOKE | 147.3 | 153.4 | 6.1 |
MISSISSAUGA | 146.6 | 152.6 | 6 |
NORTH YORK | 147.3 | 153.4 | 6.1 |
SCARBOROUGH | 147.4 | 153.3 | 5.9 |
VAUGHAN/MARKHAM | 147.6 | 153.8 | 6.2 |
OTTAWA | 146.7 | 153.7 | 7 |
KINGSTON | 141.1 | 151.6 | 10.5 |
PETERBOROUGH | 138 | 143.4 | 5.4 |
WINDSOR | 146.9 | 152.8 | 5.9 |
LONDON | 147.7 | 152.8 | 5.1 |
SUDBURY | 145.7 | 158.5 | 12.8 |
SAULT STE MARIE | 143.2 | 142.9 | -0.3 |
THUNDER BAY | 146.2 | 152.4 | 6.2 |
NORTH BAY | 152.3 | 155.9 | 3.6 |
TIMMINS | 150.2 | 151.1 | 0.9 |
HAMILTON | 146.6 | 151.8 | 5.2 |
ST. CATHARINES | 143.4 | 151.3 | 7.9 |
BARRIE | 146.8 | 152.7 | 5.9 |
BRANTFORD | 143.3 | 149.6 | 6.3 |
GUELPH | 147.7 | 153.9 | 6.2 |
KITCHENER | 147.3 | 153.3 | 6 |
OSHAWA | 147.6 | 153.7 | 6.1 |
SARNIA | 134.1 | 148.6 | 14.5 |
MONTRÉAL* | 161.1 | 168.2 | 7.1 |
QUÉBEC | 161 | 165.9 | 4.9 |
SHERBROOKE | 159.1 | 160.2 | 1.1 |
GASPÉ | 165.6 | 169.4 | 3.8 |
CHICOUTIMI | 147.4 | 147.7 | 0.3 |
RIMOUSKI | 163.4 | 167.4 | 4 |
TROIS RIVIÈRES | 156.4 | 163.1 | 6.7 |
DRUMMONDVILLE | 159.5 | 160.9 | 1.4 |
VAL D'OR | 163.6 | 163.7 | 0.1 |
GATINEAU | 148.8 | 159.2 | 10.4 |
SAINT JOHN* | 157.8 | 154.4 | -3.4 |
FREDERICTON | 158.5 | 155 | -3.5 |
MONCTON | 158.9 | 155.3 | -3.6 |
BATHURST | 158.9 | 155.5 | -3.4 |
EDMUNDSTON | 157.8 | 154.5 | -3.3 |
MIRAMICHI | 159.7 | 156.3 | -3.4 |
CAMPBELLTON | 159.9 | 156.1 | -3.8 |
SUSSEX | 157.7 | 154.8 | -2.9 |
WOODSTOCK | 159.5 | 156.6 | -2.9 |
HALIFAX* | 160.4 | 158 | -2.4 |
SYDNEY | 162.3 | 160 | -2.3 |
YARMOUTH | 161.4 | 159.2 | -2.2 |
TRURO | 161.5 | 159.2 | -2.3 |
KENTVILLE | 161 | 158.6 | -2.4 |
NEW GLASGOW | 161.5 | 159.2 | -2.3 |
CHARLOTTETOWN* | 162.8 | 160.5 | -2.3 |
ST JOHNS* | 163.5 | 169.9 | 6.4 |
GANDER | 165.9 | 172.5 | 6.6 |
LABRADOR CITY | 173.1 | 176.6 | 3.5 |
CORNER BROOK | 164.2 | 170.7 | 6.5 |
GRAND FALLS | 166 | 172.5 | 6.5 |
SOURCE: KALIBRATE • All figures in CAD cents
(*) Denotes markets used in Volume Weighted Canada Average
Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist.
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