Yahoo Finance Gas prices drop for fifth week as Ontario cities get biggest discounts
Gas prices fell an average of 3.5 cents per litre of regular fuel across Canada over the past seven days, marking five consecutive weeks of declines.
Northern Ontario cities booked the biggest discounts, led by North Bay, Timmins, and Thunder Bay. Abbotsford, B.C. and Vancouver were among the few markets where prices increased. Those cities booked 4.2 and 3.6 cents per litre gains, respectively, according to data from Kalibrate.
Inflation was in sharp focus this week, as the Bank of Canada cut its trend-setting interest rate for a third time in a row. While inflation continues to trend towards the central bank's two per cent target, a new survey suggests rising prices and borrowing costs are causing drivers to keep their vehicles longer, while paying more to maintain them.
According to J.D. Power Canada, the average cost of a visit to a dealership has risen to $465 from $432 a year ago, while a similar trip to an independent shop has increased to $273 from $262. Researchers say more frequent visits to dealerships and shops for repairs imply owners are fixing their vehicles rather than buying new ones.
“With inflation pushing auto repair costs upward and interest rates making larger-ticket items like mortgage payments and new-vehicle purchases more expensive, owners are being hit with a ‘double whammy’ and have to make different decisions in order to balance their budgets,” J.D. Ney, automotive practice lead at J.D. Power Canada, stated in a news release on Thursday.
Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city.
(All figures in CAD cents)
Location | August 29 | Sept. 5 | Price Change |
Canada Average (V) | 157.9 | 154.4 | -3.5 |
WHITEHORSE | 189.9 | 184.9 | -5 |
VANCOUVER* | 173.5 | 177.1 | 3.6 |
VICTORIA | 174.8 | 174.8 | 0 |
PRINCE GEORGE | 170.9 | 166.6 | -4.3 |
KAMLOOPS | 166.6 | 164.9 | -1.7 |
KELOWNA | 165.1 | 163.9 | -1.2 |
FORT ST. JOHN | 167.2 | 165.9 | -1.3 |
ABBOTSFORD | 163.7 | 167.9 | 4.2 |
YELLOWKNIFE | 162.9 | 162.9 | 0 |
CALGARY* | 147 | 142.5 | -4.5 |
RED DEER | 150.2 | 148.5 | -1.7 |
EDMONTON | 141.9 | 138.7 | -3.2 |
LETHBRIDGE | 158.5 | 156.5 | -2 |
LLOYDMINSTER | 145.6 | 144 | -1.6 |
GRANDE PRAIRIE | 161.9 | 161.9 | 0 |
REGINA* | 155.9 | 153.2 | -2.7 |
SASKATOON | 155.3 | 152.9 | -2.4 |
PRINCE ALBERT | 156.3 | 153.5 | -2.8 |
MOOSE JAW | 161.2 | 158.9 | -2.3 |
WINNIPEG * | 139 | 137.7 | -1.3 |
BRANDON | 138.6 | 138.6 | 0 |
CITY OF TORONTO* | 155.4 | 150.4 | -5 |
BRAMPTON | 155.5 | 150.4 | -5.1 |
ETOBICOKE | 154.4 | 150.5 | -3.9 |
MISSISSAUGA | 154 | 149.9 | -4.1 |
NORTH YORK | 155.8 | 150.8 | -5 |
SCARBOROUGH | 155.9 | 150.3 | -5.6 |
VAUGHAN/MARKHAM | 155.8 | 150.3 | -5.5 |
OTTAWA | 155.7 | 149.6 | -6.1 |
KINGSTON | 151.8 | 150.5 | -1.3 |
PETERBOROUGH | 153 | 149.5 | -3.5 |
WINDSOR | 155 | 149.9 | -5.1 |
LONDON | 155.6 | 150.3 | -5.3 |
SUDBURY | 161.5 | 156.1 | -5.4 |
SAULT STE MARIE | 159.5 | 153.8 | -5.7 |
THUNDER BAY | 167.3 | 159.9 | -7.4 |
NORTH BAY | 154.6 | 146.3 | -8.3 |
TIMMINS | 168.2 | 160.2 | -8 |
HAMILTON | 153.6 | 149.2 | -4.4 |
ST. CATHARINES | 153.6 | 149.9 | -3.7 |
BARRIE | 154.5 | 149.6 | -4.9 |
BRANTFORD | 153.3 | 146.8 | -6.5 |
GUELPH | 155.2 | 149.7 | -5.5 |
KITCHENER | 154.8 | 149.3 | -5.5 |
OSHAWA | 155.7 | 150.8 | -4.9 |
SARNIA | 153.8 | 152.5 | -1.3 |
MONTRÉAL* | 163.1 | 157.9 | -5.2 |
QUÉBEC | 162.1 | 159.9 | -2.2 |
SHERBROOKE | 167.5 | 165.3 | -2.2 |
GASPÉ | 172.9 | 174.4 | 1.5 |
CHICOUTIMI | 150.5 | 146.9 | -3.6 |
RIMOUSKI | 165.4 | 161.4 | -4 |
TROIS RIVIÈRES | 166.2 | 165.2 | -1 |
DRUMMONDVILLE | 166.3 | 164.7 | -1.6 |
VAL D'OR | 167.6 | 167.6 | 0 |
GATINEAU | 152.5 | 149.6 | -2.9 |
SAINT JOHN* | 160.5 | 157.5 | -3 |
FREDERICTON | 161 | 158 | -3 |
MONCTON | 161.3 | 158.2 | -3.1 |
BATHURST | 160.8 | 158.1 | -2.7 |
EDMUNDSTON | 160.1 | 157 | -3.1 |
MIRAMICHI | 162.5 | 159.3 | -3.2 |
CAMPBELLTON | 162.5 | 159.4 | -3.1 |
SUSSEX | 160.9 | 157.8 | -3.1 |
WOODSTOCK | 162.7 | 159.3 | -3.4 |
HALIFAX* | 162.5 | 160.7 | -1.8 |
SYDNEY | 164.5 | 162.7 | -1.8 |
YARMOUTH | 164 | 161.8 | -2.2 |
TRURO | 163.7 | 161.9 | -1.8 |
KENTVILLE | 163.1 | 161.3 | -1.8 |
NEW GLASGOW | 163.7 | 161.9 | -1.8 |
CHARLOTTETOWN* | 166.6 | 164.3 | -2.3 |
ST JOHNS* | 168.9 | 166.3 | -2.6 |
GANDER | 171.6 | 168.8 | -2.8 |
LABRADOR CITY | 175.7 | 172.9 | -2.8 |
CORNER BROOK | 169.8 | 166.9 | -2.9 |
GRAND FALLS | 171.6 | 168.8 | -2.8 |
Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist.
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