December 19, 2024
Gas prices fall in B.C.; TMX pipeline to lower fuel costs #CanadaFinance

Gas prices fall in B.C.; TMX pipeline to lower fuel costs #CanadaFinance

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Workers lay pipe during construction of the Trans Mountain pipeline expansion on farmland, in Abbotsford, B.C., on Wednesday, May 3, 2023. The company building the Trans Mountain pipeline expansion has been cited for environmental non-compliance related to its management of recent flooding in B.C. THE CANADIAN PRESS/Darryl Dyck

Workers lay pipe during construction of the Trans Mountain pipeline expansion on farmland, in Abbotsford, B.C., on Wednesday, May 3, 2023. (The Canadian Press)

Gas prices fell in British Columbia over the past week as a new study suggests relief may be on the way for one of Canada’s priciest regions for fuel.

The C.D. Howe Institute found Lower Mainland residents will benefit from the newly expanded Trans Mountain pipeline. The much-delayed project went into service on May 1, boosting capacity from 300,000 barrels per day to 890,000 barrels per day.

C.D. Howe fellow-in-residence G. Kent Fellows says a greater flow of gasoline and diesel on the pipeline will mean less reliance on more expensive rail transport. According to his math, bottlenecks on Trans Mountain prior to the expansion have cost B.C. residents $1.5 billion per year since 2015.

The nationwide average price of regular fuel barely budged between Aug. 8 and Aug. 15, according to data from Kalibrate. The biggest price drops were in Kelowna, B.C. and Sault Ste. Marie, Ont. Meanwhile, Peterborough and Kingston, Ont. saw the biggest hikes.

Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city.

(All figures in CAD cents)

Location

August 8

August 15

Price Change

Canada Average (V)

166.3

166.6

0.3

WHITEHORSE

189.9

189.9

0

VANCOUVER*

180.4

180.3

-0.1

VICTORIA

178.9

175.6

-3.3

PRINCE GEORGE

174.4

174.1

-0.3

KAMLOOPS

174.3

171.6

-2.7

KELOWNA

181.6

175.1

-6.5

FORT ST. JOHN

174.4

174.2

-0.2

ABBOTSFORD

167.8

166.8

-1

YELLOWKNIFE

162.9

162.9

0

CALGARY*

161.5

156.8

-4.7

RED DEER

158.7

157.1

-1.6

EDMONTON

158.2

157.2

-1

LETHBRIDGE

164.2

163.9

-0.3

LLOYDMINSTER

158.5

157.9

-0.6

GRANDE PRAIRIE

163.1

161.9

-1.2

REGINA*

165.5

165.5

0

SASKATOON

168.7

168.3

-0.4

PRINCE ALBERT

167.9

164.9

-3

MOOSE JAW

167.9

167.9

0

WINNIPEG *

152.2

149.6

-2.6

BRANDON

149.6

149.6

0

CITY OF TORONTO*

162.2

164

1.8

BRAMPTON

162.7

163.4

0.7

ETOBICOKE

162.6

163.6

1

MISSISSAUGA

161.7

163.1

1.4

NORTH YORK

162.5

164.1

1.6

SCARBOROUGH

162.7

163.2

0.5

VAUGHAN/MARKHAM

162.3

164.1

1.8

OTTAWA

161.9

164.7

2.8

KINGSTON

155.1

161.7

6.6

PETERBOROUGH

157

163.6

6.6

WINDSOR

161.6

163.1

1.5

LONDON

162.6

163.8

1.2

SUDBURY

156.2

162.2

6

SAULT STE MARIE

165.7

159.6

-6.1

THUNDER BAY

172.8

176.2

3.4

NORTH BAY

163.3

160.2

-3.1

TIMMINS

166.7

171.5

4.8

HAMILTON

161.2

161.9

0.7

ST. CATHARINES

160.3

162.5

2.2

BARRIE

162.1

163.6

1.5

BRANTFORD

159.7

162

2.3

GUELPH

161.9

163.2

1.3

KITCHENER

162.2

162.5

0.3

OSHAWA

162.3

164.4

2.1

SARNIA

158.1

165.2

7.1

MONTRÉAL*

169.9

173.1

3.2

QUÉBEC

169.9

167.1

-2.8

SHERBROOKE

175.2

170.5

-4.7

GASPÉ

174.4

174.4

0

CHICOUTIMI

151.2

155.1

3.9

RIMOUSKI

167.1

165.4

-1.7

THREE RIVERS

168.4

170.7

2.3

DRUMMONDVILLE

169.9

168.7

-1.2

VAL D’OR

172.6

172.6

0

GATINEAU

158.3

163.3

5

SAINT JOHN*

168.6

166.2

-2.4

FREDERICTON

169.2

166.6

-2.6

MONCTON

169.2

166.9

-2.3

BATHURST

169.4

167.5

-1.9

EDMUNDSTON

168.2

165.8

-2.4

MIRAMICHI

169.9

167.7

-2.2

CAMPBELLTON

170.4

167.9

-2.5

SUSSEX

168.8

166.5

-2.3

WOODSTOCK

170.3

167.9

-2.4

HALIFAX*

171.2

168.8

-2.4

SYDNEY

173.2

170.7

-2.5

YARMOUTH

172.3

169.8

-2.5

TRURO

172.4

169.9

-2.5

KENTVILLE

171.8

169.3

-2.5

NEW GLASGOW

172.4

169.9

-2.5

CHARLOTTETOWN*

175.8

173.5

-2.3

ST JOHNS*

178.9

177.4

-1.5

GANDER

181

180

-1

LABRADOR CITY

185.6

184

-1.6

CORNER BROOK

179.7

178.1

-1.6

GRAND FALLS

181.5

177.9

-3.6

Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist.

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