November 22, 2024
Gas prices in Canada snap six-week stretch of declines #CanadaFinance

Gas prices in Canada snap six-week stretch of declines #CanadaFinance

CashNews.co

The nationwide average gas price added 0.7 cents per litre between Sept. 12 and Sept. 19, according to data from Kalibrate. (AP Photo/Mark J. Terrill)

The nationwide average gas price added 0.7 cents per litre between Sept. 12 and Sept. 19, according to data from Kalibrate. (AP Photo/Mark J. Terrill) (The Associated Press)

Gas prices snapped six straight weeks of declines in Canada, as the nationwide average for regular fuel added 0.7 cents per litre between Sept. 12 and Sept. 19, according to data from Kalibrate.

North Bay, Ont. and Edmonton saw the biggest price increases, at 11.9 cents and 9.8 cents per litre, respectively. Quebec and the Maritimes saw broad-based declines, led by Val-d’Or, Que. and Sussex, N.B.

Looking back to August, Statistics Canada data show falling gasoline prices put downward pressure on inflation. Canada’s annual inflation rate fell to two per cent, the slowest pace of price increases since February 2021. StatCan says August was also the third monthly decrease in four months.

“The decline in August 2024 was mainly due to lower crude oil prices amid economic concerns in the United States and slowing demand in China,” the federal agency said on Tuesday.

North American benchmark crude prices (CL=F) are down about 17 per cent from the highs reached in early April.

Location

Sept. 12

Sept. 19

Price Change

Canada Average (V)

151

151.7

0.7

WHITEHORSE

184.9

184.9

0

VANCOUVER*

177.4

172.6

-4.8

VICTORIA

172.9

172.2

-0.7

PRINCE GEORGE

162.4

159.6

-2.8

KAMLOOPS

164.9

160.6

-4.3

KELOWNA

161.7

161.7

0

FORT ST. JOHN

159.4

157.4

-2

ABBOTSFORD

160.3

165

4.7

YELLOWKNIFE

162.9

162.9

0

CALGARY*

139.9

145.7

5.8

RED DEER

142

142

0

EDMONTON

132.9

142.7

9.8

LETHBRIDGE

150.1

147.5

-2.6

LLOYDMINSTER

139.5

141.2

1.7

GRANDE PRAIRIE

161.9

161.9

0

REGINA*

148.8

148.8

0

SASKATOON

148.7

148.7

0

PRINCE ALBERT

148.9

148.9

0

MOOSE JAW

149.9

148.9

-1

WINNIPEG *

131.8

131.5

-0.3

BRANDON

128.1

128.1

0

CITY OF TORONTO*

146.4

147.9

1.5

BRAMPTON

146.5

147.9

1.4

ETOBICOKE

146.5

147.5

1

MISSISSAUGA

145.5

147

1.5

NORTH YORK

146.7

148.4

1.7

SCARBOROUGH

146.5

147.8

1.3

VAUGHAN/MARKHAM

146

148.1

2.1

OTTAWA

146.7

147.4

0.7

KINGSTON

139.8

145

5.2

PETERBOROUGH

144

140.2

-3.8

WINDSOR

145.6

147.2

1.6

LONDON

146

148.1

2.1

SUDBURY

154

152.1

-1.9

SAULT STE MARIE

152.9

150.4

-2.5

THUNDER BAY

156.2

154

-2.2

NORTH BAY

143.6

155.5

11.9

TIMMINS

156.3

155.1

-1.2

HAMILTON

144.4

144.4

0

ST. CATHARINES

145.9

145.8

-0.1

BARRIE

145.9

147.3

1.4

BRANTFORD

142.3

141.2

-1.1

GUELPH

145.8

146.5

0.7

KITCHENER

145.9

146.8

0.9

OSHAWA

146.7

148.2

1.5

SARNIA

139.7

146.9

7.2

MONTRÉAL*

153.2

154.1

0.9

QUÉBEC

157.1

152.6

-4.5

SHERBROOKE

159.9

155.5

-4.4

GASPÉ

167.8

164.4

-3.4

CHICOUTIMI

141.4

138.1

-3.3

RIMOUSKI

154.4

154.4

0

THREE RIVERS

160.5

157.2

-3.3

DRUMMONDVILLE

160.7

158.3

-2.4

VAL D’OR

161.6

152.6

-9

GATINEAU

143.9

140.3

-3.6

SAINT JOHN*

155.6

148.4

-7.2

FREDERICTON

155.6

149

-6.6

MONCTON

155.8

149

-6.8

BATHURST

155.8

148.9

-6.9

EDMUNDSTON

154.6

147.9

-6.7

MIRAMICHI

157

150.2

-6.8

CAMPBELLTON

156.9

149.9

-7

SUSSEX

156.7

148.5

-8.2

WOODSTOCK

156.9

150.2

-6.7

HALIFAX*

155.8

151.8

-4

SYDNEY

157.8

153.7

-4.1

YARMOUTH

156.8

152.8

-4

TRURO

157

152.9

-4.1

KENTVILLE

156.4

152.3

-4.1

NEW GLASGOW

157

152.9

-4.1

CHARLOTTETOWN*

159.7

155.7

-4

ST JOHNS*

160.4

160.9

0.5

GANDER

163

163.5

0.5

LABRADOR CITY

167

167.6

0.6

CORNER BROOK

161.2

161.7

0.5

GRAND FALLS

163

163.5

0.5