Yahoo Finance Gas prices in these cities saw double-digit falls this week amid December 'swoon'
Gas prices fell at a more moderate pace this week in most Canadian cities, with double-digit declines in Whitehorse and Sarnia, Ont. weighing against gains at the pump in the Maritimes. According to prices from more than 70 cities compiled by data firm Kalibrate, the average retail cost of regular gasoline fell 1.6 cents per litre to $1.457 between Dec. 21 and Dec. 28.
Halifax and Kentville, N.S. booked the biggest increases over those seven days, with prices rising 4.9 cents.
Last week's inflation reading from Statistics Canada showed gasoline prices fell less sharply in November (-3.5 per cent) than October, when prices dropped 6.4 per cent.
Meanwhile, consultants at global accounting firm Ernst & Young say the federal and provincial governments should expect to subsidize purchases of electric vehicles for at least the next five years.
“Oil has served us very well as an economy, but the technology with EVs is just so much better,” Jason Clifton, a Calgary-based partner for EY, told Yahoo Finance Canada.
Stateside, analysts say drivers can expect to end 2023 with gasoline prices around their lowest levels of the year.
"Last year saw a similar gasoline price swoon in December, but this year’s version has much more breadth," Tom Kloza, global head of energy analysis at OPIS, told Yahoo Finance. "The savings for consumers are substantial.”
Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city.
(All figures in CAD cents)
Location | Dec. 21 | Dec. 28 | Price change |
Canada Average (V) | 147.3 | 145.7 | -1.6 |
WHITEHORSE | 179.9 | 169.9 | -10 |
VANCOUVER* | 169.3 | 171.4 | 2.1 |
VICTORIA | 169.9 | 166 | -3.9 |
PRINCE GEORGE | 151.6 | 151.6 | 0 |
KAMLOOPS | 155 | 153.3 | -1.7 |
KELOWNA | 149.3 | 148.7 | -0.6 |
FORT ST. JOHN | 148.4 | 144.7 | -3.7 |
ABBOTSFORD | 149.4 | 155.8 | 6.4 |
YELLOWKNIFE | 161.9 | 159.9 | -2 |
CALGARY* | 116.9 | 114.9 | -2 |
RED DEER | 120.9 | 118.3 | -2.6 |
EDMONTON | 118.2 | 116.2 | -2 |
LETHBRIDGE | 116.5 | 116.5 | 0 |
LLOYDMINSTER | 117.9 | 117.9 | 0 |
GRANDE PRAIRIE | 124.9 | 124.9 | 0 |
REGINA* | 131.8 | 131.8 | 0 |
SASKATOON | 128 | 125.1 | -2.9 |
PRINCE ALBERT | 133.9 | 129.9 | -4 |
MOOSE JAW | 134.9 | 132.8 | -2.1 |
WINNIPEG * | 133.7 | 129.9 | -3.8 |
BRANDON | 135.6 | 134.2 | -1.4 |
CITY OF TORONTO* | 146.5 | 143.9 | -2.6 |
BRAMPTON | 145.2 | 142.2 | -3 |
ETOBICOKE | 145.4 | 143.7 | -1.7 |
MISSISSAUGA | 145.1 | 142.7 | -2.4 |
NORTH YORK | 146.7 | 143.8 | -2.9 |
SCARBOROUGH | 146.7 | 143.9 | -2.8 |
VAUGHAN/MARKHAM | 146.8 | 143.9 | -2.9 |
OTTAWA | 146.7 | 143 | -3.7 |
KINGSTON | 140.3 | 133.9 | -6.4 |
PETERBOROUGH | 138.5 | 132.8 | -5.7 |
WINDSOR | 146 | 143 | -3 |
LONDON | 146.8 | 143 | -3.8 |
SUDBURY | 151 | 141.9 | -9.1 |
SAULT STE MARIE | 146.9 | 146.9 | 0 |
THUNDER BAY | 133.4 | 135.3 | 1.9 |
NORTH BAY | 151.2 | 148.8 | -2.4 |
TIMMINS | 154.3 | 153.6 | -0.7 |
HAMILTON | 145.4 | 142.5 | -2.9 |
ST. CATHARINES | 140.8 | 138.2 | -2.6 |
BARRIE | 145.7 | 142.9 | -2.8 |
BRANTFORD | 144.3 | 141.5 | -2.8 |
GUELPH | 146.9 | 143.5 | -3.4 |
KITCHENER | 146.4 | 143.9 | -2.5 |
OSHAWA | 144.6 | 142.5 | -2.1 |
SARNIA | 143.9 | 130.1 | -13.8 |
MONTRÉAL* | 160.8 | 157.6 | -3.2 |
QUÉBEC | 161.9 | 160.1 | -1.8 |
SHERBROOKE | 159 | 156.5 | -2.5 |
GASPÉ | 162.9 | 161.6 | -1.3 |
CHICOUTIMI | 145.4 | 142.2 | -3.2 |
RIMOUSKI | 163.4 | 163.4 | 0 |
TROIS RIVIÈRES | 161.6 | 159 | -2.6 |
DRUMMONDVILLE | 159.7 | 160.7 | 1 |
VAL D'OR | 156.6 | 156.6 | 0 |
GATINEAU | 145.4 | 141.5 | -3.9 |
SAINT JOHN* | 150.2 | 153.3 | 3.1 |
FREDERICTON | 150.8 | 153.8 | 3 |
MONCTON | 151.1 | 154.1 | 3 |
BATHURST | 151.1 | 153.5 | 2.4 |
EDMUNDSTON | 150.6 | 153.4 | 2.8 |
MIRAMICHI | 152.2 | 154.7 | 2.5 |
CAMPBELLTON | 152.2 | 155.2 | 3 |
SUSSEX | 150.1 | 153.3 | 3.2 |
WOODSTOCK | 152.1 | 155.1 | 3 |
HALIFAX* | 149.3 | 154.2 | 4.9 |
SYDNEY | 151.3 | 156.1 | 4.8 |
YARMOUTH | 150.4 | 155.2 | 4.8 |
TRURO | 150.5 | 154.7 | 4.2 |
KENTVILLE | 149.9 | 154.8 | 4.9 |
NEW GLASGOW | 150.5 | 155.3 | 4.8 |
CHARLOTTETOWN* | 154.6 | 156.9 | 2.3 |
ST JOHNS* | 160.4 | 160.5 | 0.1 |
GANDER | 162.9 | 163 | 0.1 |
LABRADOR CITY | 167 | 167.1 | 0.1 |
CORNER BROOK | 161.2 | 161.2 | 0 |
GRAND FALLS | 162.9 | 163 | 0.1 |
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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