Financial Insights That Matter
Gas prices have tumbled in virtually every major Canadian city outside of Quebec over the past week, according to data from Kalibrate. Most markets booked double-digit declines after the federal consumer carbon tax expired on April 1, and British Columbia’s government cancelled its provincial levy.
Canada’s gas price average spanning 80 cities fell from $1.608 per litre of regular fuel on March 27 to $1.493 on April 3. At this time last year, the nation-wide average price was $1.70 per litre.
Over the past week, drivers in Fort St. John, B.C. saw the biggest discount, at 39.5 cents per litre. The next-largest price breaks were in North Bay, Ont., and Peterborough, Ont. at 32.7 cents per litre, and 26.2 cents per litre, respectively.
The federal government’s consumer carbon tax expired on April 1, the same day the B.C. government repealed its carbon price introduced in 2008. Quebec is now the only province where consumers pay a carbon tax at the fuel pump. Perhaps unsurprisingly, it was the only region where gas prices increased over the past seven days, led by a 9.9 cent per litre rise in Trois-Rivières.
Patrick De Haan, head of petroleum analysis at GasBuddy, calls the April 1 price changes a “rare, significant drop.”
“Not sure we’ve ever seen prices in Canada drop 15 [cents per litre] overnight,” he wrote in a social media post.
University of Alberta economist and law professor Andrew Leach notes a 40 cent per litre price difference between Edmonton-area fuel stations as retailers adjusted their prices on Tuesday. His colleague Trevor Tombe estimates a 20 cent per litre price gap had opened up between Quebec and the rest of Canada by April 2.
Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city.
(All figures in CAD cents)
|
Location |
Mar. 27 |
Apr. 3 |
Price Change |
|
Canada Average (V) |
160.8 |
149.3 |
-11.5 |
|
WHITEHORSE |
179.9 |
161.9 |
-18 |
|
Vancouver* |
188.3 |
184.4 |
-3.9 |
|
VICTORIA |
179.6 |
163.3 |
-16.3 |
|
PRINCE GEORGE |
157.6 |
139.5 |
-18.1 |
|
KAMLOOPS |
164.1 |
144.8 |
-19.3 |
|
Kowouli |
159.7 |
140.7 |
-19 |
|
FORT ST. JOHN |
174.9 |
135.4 |
-39.5 |
|
ABBOTSFORD |
181.5 |
161.2 |
-20.3 |
|
YELLOWKNIFE |
161.9 |
145.3 |
-16.6 |
|
CALGARY* |
149.5 |
135.3 |
-14.2 |
|
RED DEER |
146.4 |
127.5 |
-18.9 |
|
Edmonton |
145.3 |
132.4 |
-12.9 |
|
LETHBRIDGE |
152.5 |
129 |
-23.5 |
|
LLOYDMINSTER |
146.8 |
132.1 |
-14.7 |
|
GRANDE PRAIRIE |
151.9 |
133.6 |
-18.3 |
|
REGINA* |
152.7 |
141.7 |
-11 |
|
SASKATOON |
153.7 |
135.9 |
-17.8 |
|
PRINCE ALBERT |
153.5 |
136.6 |
-16.9 |
|
MOOSE JAW |
153.9 |
137.3 |
-16.6 |
|
WINNIPEG * |
155.8 |
131 |
-24.8 |
|
BRANDON |
136.7 |
116.8 |
-19.9 |
|
CITY OF TORONTO* |
157.2 |
139.4 |
-17.8 |
|
BRAMPTON |
157.4 |
139.2 |
-18.2 |
|
Ethobicoke |
157.5 |
138.9 |
-18.6 |
|
MISSISSAUGA |
156.3 |
138.2 |
-18.1 |
|
NORTH YORK |
157.6 |
139.3 |
-18.3 |
|
SCARBOROUGH |
157.5 |
138.9 |
-18.6 |
|
VAUGHAN/MARKHAM |
156.6 |
139.1 |
-17.5 |
|
OTTAWA |
157.6 |
138.8 |
-18.8 |
|
KINGSTON |
147.2 |
134.8 |
-12.4 |
|
PETERBOROUGH |
148.3 |
122.1 |
-26.2 |
|
WINDSOR |
155.9 |
138.3 |
-17.6 |
|
LONDON |
157.6 |
138.7 |
-18.9 |
|
SUDBURY |
148.9 |
126.6 |
-22.3 |
|
Sault is Marie |
148.8 |
128.6 |
-20.2 |
|
THUNDER BAY |
161 |
135.1 |
-25.9 |
|
NORTH BAY |
166.7 |
134 |
-32.7 |
|
TIMMINS |
158.2 |
137.2 |
-21 |
|
HAMILTON |
154.9 |
136.6 |
-18.3 |
|
ST. CATHARINES |
153.9 |
135.5 |
-18.4 |
|
BARRIE |
156.5 |
138.6 |
-17.9 |
|
BRANTFORD |
150.2 |
131.1 |
-19.1 |
|
GUELPH |
155.6 |
138 |
-17.6 |
|
KITCHENER |
154.4 |
136.6 |
-17.8 |
|
OSHAWA |
157.2 |
138.6 |
-18.6 |
|
SARNIA |
152.5 |
127.9 |
-24.6 |
|
MONTRÉAL* |
161.3 |
164.1 |
2.8 |
|
QUÉBEC |
151.5 |
157.7 |
6.2 |
|
SHERBROOKE |
155.3 |
159 |
3.7 |
|
Gaspé |
162.4 |
157.4 |
-5 |
|
Chicoutimi |
139.3 |
147 |
7.7 |
|
RIMOUSKI |
154.4 |
154.4 |
0 |
|
Three rivers |
145.1 |
155 |
9.9 |
|
Drummondville |
150.9 |
155.1 |
4.2 |
|
VAL D’OR |
159.6 |
164.7 |
5.1 |
|
Gauge |
146.8 |
142.8 |
-4 |
|
SAINT JOHN* |
156.3 |
140.1 |
-16.2 |
|
FREDERICTON |
156.7 |
140.5 |
-16.2 |
|
MONCTON |
156.7 |
140.7 |
-16 |
|
BATHURST |
153.5 |
140.6 |
-12.9 |
|
Edmundston |
155.7 |
140 |
-15.7 |
|
MIRAMICHI |
157.7 |
139.1 |
-18.6 |
|
CAMPBELLTON |
157.9 |
141.9 |
-16 |
|
SUSSEX |
156.1 |
140.5 |
-15.6 |
|
WOODSTOCK |
158 |
142 |
-16 |
|
HALIFAX* |
160 |
146.5 |
-13.5 |
|
Sydney |
162 |
148.5 |
-13.5 |
|
YARMOUTH |
161.1 |
147.6 |
-13.5 |
|
TRURO |
161.2 |
147.7 |
-13.5 |
|
KENTVILLE |
160.6 |
147.1 |
-13.5 |
|
NEW GLASGOW |
161.2 |
147.7 |
-13.5 |
|
CHARLOTTETOWN* |
163 |
149.6 |
-13.4 |
|
ST JOHNS* |
167.9 |
151.7 |
-16.2 |
|
GANDER |
171.6 |
155.5 |
-16.1 |
|
LABRADOR CITY |
170.4 |
155.4 |
-15 |
|
CORNER BROOK |
168.9 |
152.8 |
-16.1 |
|
GRAND FALLS |
171.6 |
155.5 |
-16.1 |
SOURCE: KALIBRATE • All figures in CAD cents
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