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Gas prices fall across Canada after forecast of ‘summer peak’


Gas prices fall across Canada after forecast of ‘summer peak’

A man fills up with gasoline at a gas station in Morton Grove, Illinois, Wednesday, July 10, 2024. (AP Photo/Nam Y. Huh)

A man fills up with gasoline at a gas station in Morton Grove, Illinois, Wednesday, July 10, 2024. (AP Photo/Nam Y. Huh) (ASSOCIATED PRESS)

Gasoline prices in Canadian cities fell an average of six cents per litre of regular gasoline last week. The decline follows a prediction earlier this month that peak summer prices were over.

Sarnia, Ont., saw a double-digit decline, with prices falling 16.1 cents between Aug. 15 and Aug. 22. Kingston, Ont., Gatineau, Que., and Abbotsford, B.C., were among the cities with the biggest price reductions. North Bay, Ont., was one of the few markets where prices rose.

The broad-based decline follows rising fuel prices in July. According to the latest inflation statistics from Statistics Canada, gasoline prices rose 2.4 percent compared to June. Compared to the same period last year, prices rose 1.9 percent in July. The agency says this was partly due to reduced supply due to the closure of a refinery in the US Midwest.

According to DesRosiers Automotive Consultants, sales of new light vehicles increased in the Maritime provinces last month, with the research firm reporting 161,000 units sold.

“The Atlantic region in particular saw strong sales increases this month, with increases estimated at 41.2 percent in Newfoundland, 39.7 percent in Prince Edward Island, 31.6 percent in Nova Scotia and 22 percent in New Brunswick,” DesRosiers researchers wrote on Wednesday.

Follow Yahoo Finance Canada for more weekly updates on gas prices. Scroll down to find the city nearest you.

(All figures in CAD cents)

Location

15.August

22.August

Price change

Canada Average (V)

166.6

160.6

-6

WHITEHORSE

189.9

189.9

0

VANCOUVER*

180.3

173.4

-6.9

VICTORIA

175.6

174.9

-0.7

PRINCE GEORGE

174.1

174.1

0

KAMLOOPS

171.6

166.6

-5

KELOWNA

175.1

170.8

-4.3

FORT ST. JOHN

174.2

170.4

-3.8

ABBOTSFORD

166.8

158.7

-8.1

YELLOW KNIFE

162.9

162.9

0

CALGARY*

156.8

151.7

-5.1

RED DEER

157.1

153.5

-3.6

EDMONTON

157.2

148.7

-8.5

LETHBRIDGE

163.9

161.5

-2.4

LLOYDMINSTER

157.9

150

-7.9

GRAND PRAIRIE

161.9

161.9

0

REGINA*

165.5

164.4

-1.1

SASKATOON

168.3

162.1

-6.2

PRINCE ALBERT

164.9

163.6

-1.3

Moose jaw

167.9

167.7

-0.2

WINNIPEG *

149.6

143.2

-6.4

BRANDON

149.6

144.4

-5.2

CITY OF TORONTO*

164

157.4

-6.6

BRAMPTON

163.4

157.4

-6

ETOBICOKE

163.6

157.1

-6.5

MISSISSAUGA

163.1

156.4

-6.7

NORTH-YORK

164.1

157.8

-6.3

SCARBOROUGH

163.2

157.2

-6

VAUGHAN/MARKHAM

164.1

157.8

-6.3

OTTAWA

164.7

156.7

-8

KINGSTON

161.7

152.6

-9.1

PETERBOROUGH

163.6

159

-4.6

WINDSOR

163.1

156.7

-6.4

LONDON

163.8

157.3

-6.5

SUDBURY

162.2

159.9

-2.3

SAULT STE MARIE

159.6

159.5

-0.1

THUNDERBAY

176.2

172.3

-3.9

NORTH BAY

160.2

165.5

5.3

TIMMINS

171.5

170.7

-0.8

HAMILTON

161.9

156.1

-5.8

St. Catherine’s

162.5

156

-6.5

BARRIE

163.6

156.5

-7.1

BRANTFORD

162

154.7

-7.3

GUELPH

163.2

156.7

-6.5

KITCHENS

162.5

156.3

-6.2

OSHAWA

164.4

157.8

-6.6

SARNIA

165.2

149.1

-16.1

MONTREAL*

173.1

165.4

-7.7

QUEBEC

167.1

165.7

-1.4

SHERBROOKE

170.5

169.3

-1.2

GASPÉ

174.4

174.4

0

CHICOUTIMI

155.1

151.8

-3.3

RIMOUSKI

165.4

165.4

0

TRIANGLES

170.7

166.8

-3.9

DRUMMONDVILLE

168.7

167.9

-0.8

VAL D’OR

172.6

172.7

0.1

GATINEAU

163.3

154.5

-8.8

SAINT JOHN*

166.2

166.9

0.7

FREDERICTON

166.6

167.5

0.9

MONCTON

166.9

167.6

0.7

BATHURST

167.5

167.4

-0.1

EDMUNDSTON

165.8

166.6

0.8

MIRAMICHI

167.7

168.8

1.1

CAMPBELLTON

167.9

167.9

0

SUSSEX

166.5

167.1

0.6

WOODSTOCK

167.9

168.7

0.8

HALIFAX*

168.8

168.8

0

SYDNEY

170.7

170.7

0

YARMOUTH

169.8

169.8

0

TRURO

169.9

169.9

0

KENTVILLE

169.3

169.3

0

NEW GLASGOW

169.9

169.9

0

CHARLOTTE TOWN*

173.5

173.5

0

ST. JOHN*

177.4

172.7

-4.7

GANS

180

175.3

-4.7

CITY OF LABRADOR

184

179.3

-4.7

Eckbach

178.1

173.5

-4.6

GRAND FALLS

177.9

175.3

-2.6

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

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