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Gas prices: Canada-wide average sees biggest jump so far in 2024

Gas prices are rising across Canada, according to weekly data from Kalibrate. (THE CANADIAN PRESS/Christopher Katsarov)
Gas prices are rising across Canada, according to weekly data from Kalibrate. (THE CANADIAN PRESS/Christopher Katsarov) (The Canadian Press)

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.

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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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