CashNews.co
What does Canada’s central bank have to do with the gas in your tank? An industry expert sees the upsized rate cut from the Bank of Canada on Wednesday pushing prices higher.
“The interest rate drop . . . sounds like good news, but this will increase demand for gas as more drivers will hit the road,” En-Pro chief petroleum analyst Roger McKnight wrote in a blog on Thursday. “Higher demand translates into higher gas prices.”
Don’t get fooled by the arrival of colder weather. He says the switch to cheaper winter gas has been priced in since mid-August.
The average price for a litre of regular gasoline across Canada fell by a penny between Oct. 17 and Oct. 24, according to data from Kalibrate.
This week saw double-digit discounts in Abbotsford, B.C. and North Bay, Ont. Gatineau, Que. booked the biggest gain, adding 6.4 cents per litre.
Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city.
(All figures in CAD cents)
|
Location |
Oct. 17 |
Oct. 24 |
Price Change |
|
Canada Average (V) |
156 |
155 |
-1 |
|
WHITEHORSE |
184.9 |
184.9 |
0 |
|
VANCOUVER* |
178.5 |
175.9 |
-2.6 |
|
VICTORIA |
172.6 |
168.5 |
-4.1 |
|
PRINCE GEORGE |
159.1 |
159.9 |
0.8 |
|
KAMLOOPS |
159.9 |
159.7 |
-0.2 |
|
KELOWNA |
159.5 |
157.3 |
-2.2 |
|
FORT ST. JOHN |
164.9 |
157.9 |
-7 |
|
ABBOTSFORD |
172.7 |
159.7 |
-13 |
|
YELLOWKNIFE |
162.9 |
160.4 |
-2.5 |
|
CALGARY* |
146.7 |
141.9 |
-4.8 |
|
RED DEER |
150.8 |
146.7 |
-4.1 |
|
EDMONTON |
143.8 |
136.1 |
-7.7 |
|
LETHBRIDGE |
145.4 |
145.4 |
0 |
|
LLOYDMINSTER |
148.2 |
144.3 |
-3.9 |
|
GRANDE PRAIRIE |
159.9 |
156.3 |
-3.6 |
|
REGINA* |
148.8 |
148.5 |
-0.3 |
|
SASKATOON |
144 |
143.7 |
-0.3 |
|
PRINCE ALBERT |
148.9 |
143.9 |
-5 |
|
MOOSE JAW |
148.9 |
148.9 |
0 |
|
WINNIPEG * |
138 |
129.9 |
-8.1 |
|
BRANDON |
123.3 |
122.3 |
-1 |
|
CITY OF TORONTO* |
152.6 |
153.6 |
1 |
|
BRAMPTON |
152.5 |
153.4 |
0.9 |
|
ETOBICOKE |
152.2 |
153 |
0.8 |
|
MISSISSAUGA |
151.6 |
152.1 |
0.5 |
|
NORTH YORK |
152.7 |
153.8 |
1.1 |
|
SCARBOROUGH |
152 |
153.3 |
1.3 |
|
VAUGHAN/MARKHAM |
152.6 |
153.6 |
1 |
|
OTTAWA |
151.6 |
153.6 |
2 |
|
KINGSTON |
152.9 |
145 |
-7.9 |
|
PETERBOROUGH |
148.9 |
142.1 |
-6.8 |
|
WINDSOR |
152.2 |
152.9 |
0.7 |
|
LONDON |
152.4 |
152.8 |
0.4 |
|
SUDBURY |
156.5 |
149.4 |
-7.1 |
|
SAULT STE MARIE |
148.9 |
148.9 |
0 |
|
THUNDER BAY |
156.1 |
151.6 |
-4.5 |
|
NORTH BAY |
159.8 |
147.5 |
-12.3 |
|
TIMMINS |
155.8 |
154.7 |
-1.1 |
|
HAMILTON |
151.3 |
151.3 |
0 |
|
ST. CATHARINES |
150.7 |
152.1 |
1.4 |
|
BARRIE |
151.4 |
152.7 |
1.3 |
|
BRANTFORD |
149.6 |
147.7 |
-1.9 |
|
GUELPH |
151.9 |
152.9 |
1 |
|
KITCHENER |
152.5 |
152 |
-0.5 |
|
OSHAWA |
152.5 |
153.5 |
1 |
|
SARNIA |
155.5 |
152.6 |
-2.9 |
|
MONTRÉAL* |
158.3 |
158.2 |
-0.1 |
|
QUÉBEC |
157.4 |
156 |
-1.4 |
|
SHERBROOKE |
152.3 |
149.8 |
-2.5 |
|
GASPÉ |
160.7 |
162.4 |
1.7 |
|
CHICOUTIMI |
137.8 |
133.4 |
-4.4 |
|
RIMOUSKI |
157.7 |
152.4 |
-5.3 |
|
THREE RIVERS |
152.4 |
152.4 |
0 |
|
DRUMMONDVILLE |
158.3 |
155.9 |
-2.4 |
|
VAL D’OR |
152.6 |
152.7 |
0.1 |
|
GATINEAU |
141.5 |
147.9 |
6.4 |
|
SAINT JOHN* |
157.2 |
157.8 |
0.6 |
|
FREDERICTON |
158 |
158.8 |
0.8 |
|
MONCTON |
158.1 |
158.8 |
0.7 |
|
BATHURST |
157.8 |
158.7 |
0.9 |
|
EDMUNDSTON |
157 |
156.8 |
-0.2 |
|
MIRAMICHI |
159.2 |
159.6 |
0.4 |
|
CAMPBELLTON |
157.9 |
159.9 |
2 |
|
SUSSEX |
157.6 |
157.8 |
0.2 |
|
WOODSTOCK |
159.2 |
160.3 |
1.1 |
|
HALIFAX* |
157 |
157.7 |
0.7 |
|
SYDNEY |
159 |
159.6 |
0.6 |
|
YARMOUTH |
158.1 |
158.7 |
0.6 |
|
TRURO |
158.2 |
158.8 |
0.6 |
|
KENTVILLE |
157.6 |
158.2 |
0.6 |
|
NEW GLASGOW |
158.2 |
158.8 |
0.6 |
|
CHARLOTTETOWN* |
163.8 |
163.8 |
0 |
|
ST JOHNS* |
169.4 |
165.6 |
-3.8 |
|
GANDER |
171.9 |
167.9 |
-4 |
|
LABRADOR CITY |
176 |
172.2 |
-3.8 |
|
CORNER BROOK |
170 |
166.3 |
-3.7 |
|
GRAND FALLS |
171.9 |
168 |
-3.9 |
Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist.
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