Advertisement

Gas prices in Canadian cities extend drop this week

Average retail cost of regular gasoline fell 4.5 cents per litre between Oct. 5 and Oct. 12

Close-up of unrecognizable man refueling his car at gas station
Average prices for regular gasoline in Canada fell 4.5 cents between Oct. 5 and Oct. 12. (Grace Cary via Getty Images)

Gas prices dropped in virtually all major Canadian cities this week, with Vancouver bucking the trend with a 1.7 cent jump over the past seven days.

According to pump prices from more than 70 cities compiled by data firm Kalibrate, the average retail cost of regular gasoline fell 4.5 cents per litre between Oct. 5 and Oct. 12 to $1.567. The decline follows a 7.2 cent drop last week. Abbotsford, B.C. booked the biggest pullback this week, with prices falling 18.5 cents to $1.714.

Looking back to September, a consumer spending report from Royal Bank released Thursday flagged gasoline among the few categories where Canadians actually spent more amid broad-based economic belt-tightening.

ADVERTISEMENT

In the United States, prices have retreated from their September highs, a positive sign for the Federal Reserve's battle against inflation.

"At long last, the decline in gas prices that we’ve been waiting to see has arrived, and the locomotive of falling prices has only recently started on a downhill, gaining momentum," Patrick De Haan, head of petroleum analysis at GasBuddy, noted earlier this week.

"However, some new cautionary signs have emerged with the recent attacks on Israel, potentially destabilizing a sensitive region," he added. "I’m hopeful the violence won’t spread, limiting the impact of these falling gas prices."

En-Pro International chief petroleum analyst Roger McKnight said on Wednesday that he has yet to see evidence of interruptions to the physical supply of crude or its refined derivatives.

Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city.

(All figures in CAD cents)

LOCATION

OCT. 5

OCT. 12

PRICE CHANGE

WHITEHORSE

193.9

193.9

0

VANCOUVER*

183

184.7

1.7

VICTORIA

207.8

195.3

-12.5

PRINCE GEORGE

166.7

166

-0.7

KAMLOOPS

171.7

171.2

-0.5

KELOWNA

174.8

173.1

-1.7

FORT ST. JOHN

165.4

165.1

-0.3

ABBOTSFORD

189.9

171.4

-18.5

YELLOWKNIFE

167.4

165.9

-1.5

CALGARY*

140.7

138

-2.7

RED DEER

144.9

141.9

-3

EDMONTON

140.6

139.3

-1.3

LETHBRIDGE

147.3

147.3

0

LLOYDMINSTER

140.8

139.9

-0.9

GRANDE PRAIRIE

141.9

141.9

0

REGINA*

159.8

157.3

-2.5

SASKATOON

155.7

150.2

-5.5

PRINCE ALBERT

158.9

155.8

-3.1

MOOSE JAW

160.9

159.9

-1

WINNIPEG *

158.6

156.8

-1.8

BRANDON

161.9

156.6

-5.3

CITY OF TORONTO*

155.5

149.2

-6.3

BRAMPTON

155.7

149.7

-6

ETOBICOKE

155.5

149.4

-6.1

MISSISSAUGA

154.7

148.5

-6.2

NORTH YORK

155.4

149.5

-5.9

SCARBOROUGH

155.3

148.5

-6.8

VAUGHAN/MARKHAM

155.6

149.7

-5.9

OTTAWA

154.6

149.7

-4.9

KINGSTON

150.5

143.3

-7.2

PETERBOROUGH

148.3

142.5

-5.8

WINDSOR

154.2

149

-5.2

LONDON

155.5

149.6

-5.9

SUDBURY

160.6

152.9

-7.7

SAULT STE MARIE

165.4

161.9

-3.5

THUNDER BAY

156.6

146.2

-10.4

NORTH BAY

160

153.3

-6.7

TIMMINS

170

162.8

-7.2

HAMILTON

154.5

147.8

-6.7

ST. CATHARINES

152.7

146.9

-5.8

BARRIE

154.9

148

-6.9

BRANTFORD

153.5

146.8

-6.7

GUELPH

155.5

149.7

-5.8

KITCHENER

155.6

149.2

-6.4

OSHAWA

155.2

149.6

-5.6

SARNIA

149.1

147.7

-1.4

MONTRÉAL*

168.9

162.7

-6.2

QUÉBEC

177

169.9

-7.1

SHERBROOKE

176.9

169.5

-7.4

GASPÉ

186.4

176.4

-10

CHICOUTIMI

156.4

152.6

-3.8

RIMOUSKI

175.4

169.4

-6

TROIS RIVIÈRES

176.2

169.4

-6.8

DRUMMONDVILLE

169.9

165.9

-4

VAL D'OR

176.2

171.7

-4.5

GATINEAU

164.9

159.9

-5

SAINT JOHN*

178.9

172.1

-6.8

HALIFAX*

174.1

166.8

-7.3

SYDNEY

176.1

168.8

-7.3

YARMOUTH

175.1

167.8

-7.3

TRURO

175.2

168

-7.2

KENTVILLE

174.8

167.4

-7.4

NEW GLASGOW

175.2

168

-7.2

CHARLOTTETOWN*

173.5

165.5

-8

ST JOHNS*

181.9

171.3

-10.6

GANDER

184.5

173.8

-10.7

LABRADOR CITY

188.6

177.9

-10.7

CORNER BROOK

182.7

172

-10.7

GRAND FALLS

184.5

173.8

-10.7

Canada Average (V)

161.2

156.7

-4.5

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.

Download the Yahoo Finance app, available for Apple and Android.