Yahoo Finance Gas prices fell across most Canadian cities this week; B.C. city notches largest decline
Gas prices fell across most Canadian cities this week, with Vancouver booking one of the largest declines at the pumps over the past seven days.
British Columbia's largest city saw the price for a litre of regular gasoline fall 6.4 cents between Nov. 16 and Nov. 23 to $1.777 per litre. Abbotsford, B.C. led this week's declines with a 8.6 cent drop. The average price nationwide fell nearly a cent to $1.538 per litre.
The cheapest price at the pump in Canada, of more than 70 cities compiled by data firm Kalibrate, was found in Calgary at $1.27 per litre.
Lower gas prices helped push Canada's inflation rate to 3.1 per cent in October, according to Statistics Canada data released on Tuesday. The federal agency said gasoline prices fell 6.4 per cent compared to September, largely due to lower refining margins, and producers switching to cheaper winter blends. On an annualized basis, gas prices fell 7.8 per cent in October, driven by a base-year effect related to past OPEC+ production cuts.
In the United States, gasoline prices fell to their lowest level of 2023 ahead of the Thanksgiving weekend. Data from AAA shows drivers in 13 states paying less the US$3 per gallon.
"People are going to have more money to spend based on spending less for gasoline," Tom Kloza, head of energy analysis at OPIS, told Yahoo Finance Live in a recent interview.
"There is going to be a significant tailwind for consumers on their expenses for fuel," he added.
Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city.
(All figures in CAD cents)
Location | Nov. 16 | Nov. 23 | Price change |
Canada Average (V) | 154.7 | 153.8 | -0.9 |
WHITEHORSE | 189.9 | 189.9 | 0 |
VANCOUVER* | 184.1 | 177.7 | -6.4 |
VICTORIA | 179.9 | 179.9 | 0 |
PRINCE GEORGE | 163.6 | 162.4 | -1.2 |
KAMLOOPS | 168.3 | 166.3 | -2 |
KELOWNA | 166.9 | 163.9 | -3 |
FORT ST. JOHN | 165.1 | 165.1 | 0 |
ABBOTSFORD | 171.9 | 163.3 | -8.6 |
YELLOWKNIFE | 168.9 | 168.9 | 0 |
CALGARY* | 131 | 127 | -4 |
RED DEER | 136.9 | 134.9 | -2 |
EDMONTON | 133 | 130.8 | -2.2 |
LETHBRIDGE | 140.5 | 139.3 | -1.2 |
LLOYDMINSTER | 134.9 | 132 | -2.9 |
GRANDE PRAIRIE | 141.9 | 137.7 | -4.2 |
REGINA* | 147.8 | 147.8 | 0 |
SASKATOON | 142.8 | 141.7 | -1.1 |
PRINCE ALBERT | 143.9 | 143.9 | 0 |
MOOSE JAW | 151.4 | 146.9 | -4.5 |
WINNIPEG * | 152.9 | 149.9 | -3 |
BRANDON | 155.9 | 149.2 | -6.7 |
CITY OF TORONTO* | 149.6 | 150.5 | 0.9 |
BRAMPTON | 148.6 | 149.2 | 0.6 |
ETOBICOKE | 149.9 | 149.2 | -0.7 |
MISSISSAUGA | 149.1 | 150 | 0.9 |
NORTH YORK | 150 | 150.6 | 0.6 |
SCARBOROUGH | 149.4 | 150.5 | 1.1 |
VAUGHAN/MARKHAM | 149.9 | 150.5 | 0.6 |
OTTAWA | 150 | 150.7 | 0.7 |
KINGSTON | 145.5 | 144.5 | -1 |
PETERBOROUGH | 147.5 | 139.7 | -7.8 |
WINDSOR | 149 | 149.8 | 0.8 |
LONDON | 149.8 | 150 | 0.2 |
SUDBURY | 153.6 | 154.5 | 0.9 |
SAULT STE MARIE | 151.7 | 150.9 | -0.8 |
THUNDER BAY | 159 | 153.9 | -5.1 |
NORTH BAY | 156.1 | 157 | 0.9 |
TIMMINS | 157.1 | 156.6 | -0.5 |
HAMILTON | 148.8 | 149.7 | 0.9 |
ST. CATHARINES | 143.4 | 145.6 | 2.2 |
BARRIE | 149.2 | 149.8 | 0.6 |
BRANTFORD | 146.9 | 146.6 | -0.3 |
GUELPH | 149.6 | 150.9 | 1.3 |
KITCHENER | 150 | 150.2 | 0.2 |
OSHAWA | 147.8 | 148.6 | 0.8 |
SARNIA | 146.3 | 149.8 | 3.5 |
MONTRÉAL* | 162.5 | 163.6 | 1.1 |
QUÉBEC | 169.3 | 164.9 | -4.4 |
SHERBROOKE | 166.6 | 163.9 | -2.7 |
GASPÉ | 168.7 | 173.7 | 5 |
CHICOUTIMI | 151.5 | 144.8 | -6.7 |
RIMOUSKI | 167.4 | 163.4 | -4 |
TROIS RIVIÈRES | 167.4 | 163.7 | -3.7 |
DRUMMONDVILLE | 162.3 | 158.7 | -3.6 |
VAL D'OR | 164.6 | 159.6 | -5 |
GATINEAU | 158 | 154.2 | -3.8 |
SAINT JOHN* | 158.7 | 160.9 | 2.2 |
FREDERICTON | 159.2 | 161.3 | 2.1 |
MONCTON | 159.5 | 161.7 | 2.2 |
BATHURST | 159.3 | 161.7 | 2.4 |
EDMUNDSTON | 158.9 | 160.9 | 2 |
MIRAMICHI | 160.6 | 162.7 | 2.1 |
CAMPBELLTON | 160.6 | 159.9 | -0.7 |
SUSSEX | 158.3 | 160.1 | 1.8 |
WOODSTOCK | 160.5 | 162.7 | 2.2 |
HALIFAX* | 159.1 | 161.7 | 2.6 |
SYDNEY | 161 | 163.7 | 2.7 |
YARMOUTH | 160.1 | 162.8 | 2.7 |
TRURO | 160.2 | 162.9 | 2.7 |
KENTVILLE | 159.7 | 162.3 | 2.6 |
NEW GLASGOW | 160.2 | 162.9 | 2.7 |
CHARLOTTETOWN* | 158.6 | 161.5 | 2.9 |
ST JOHNS* | 168.8 | 167.6 | -1.2 |
GANDER | 171.3 | 170.1 | -1.2 |
LABRADOR CITY | 175.4 | 174.2 | -1.2 |
CORNER BROOK | 169.5 | 168.3 | -1.2 |
GRAND FALLS | 171.3 | 170.1 | -1.2 |
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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