Yahoo Finance Gas prices fell at a faster pace in Canadian cities this week, but one Ont. city sees double-digit drop
Gas prices fell faster across most Canadian cities this week, with virtually every urban market tracked by the data firm Kalibrate booking a decline over the past seven days.
Sarnia, Ont., a consistent hotbed of gas price volatility, saw the biggest drop in the price for a litre of regular gasoline between Nov. 23 and Nov. 30, at 12.2 cents. Victoria, Red Deer, Alta., and North Bay, Ont. saw less dramatic single-digit declines.
The average price nationwide fell 1.3 cents to $1.525 per litre.
The recent relief at the pumps is thanks in part to falling oil prices. On Thursday, U.S. benchmark West Texas Intermediate tumbled below US$76 per barrel after the OPEC+ group announced new production cuts.
Hard to believe that this is the crude price chart on the day that OPEC+ agrees to ~2.2 MMbpd of headline cuts beginning in a month (1.3 MMbpd rollover, 0.9 MMbpd new commitments). pic.twitter.com/hHbPn4avN4
— Rory Johnston (@Rory_Johnston) November 30, 2023
Drivers may need those savings if they’re in the market for a new vehicle. According to DesRosiers Automotive Consultants, the average transaction price for new light vehicles year-to-date is $52,900. They say that’s a record for the Canadian market.
“New light vehicle transactions have been getting more expensive as a result of semiconductor shortages, the growing share of EVs, a shift to light trucks, and broader inflationary pressures” managing partner Andrew King stated in research published on Wednesday. “These factors together have led to a $10,000 increase in average light vehicle transaction prices over the last 4 years.”
Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city.
(All figures in CAD cents)
Location | Nov. 23 | Nov. 30 | Price change |
Canada Average (V) | 153.8 | 152.5 | -1.3 |
WHITEHORSE | 189.9 | 189.9 | 0 |
VANCOUVER* | 177.7 | 175.9 | -1.8 |
VICTORIA | 179.9 | 175.3 | -4.6 |
PRINCE GEORGE | 162.4 | 161.6 | -0.8 |
KAMLOOPS | 166.3 | 162.9 | -3.4 |
KELOWNA | 163.9 | 160.6 | -3.3 |
FORT ST. JOHN | 165.1 | 165.1 | 0 |
ABBOTSFORD | 163.3 | 160.8 | -2.5 |
YELLOWKNIFE | 168.9 | 166.4 | -2.5 |
CALGARY* | 127 | 125.7 | -1.3 |
RED DEER | 134.9 | 130.2 | -4.7 |
EDMONTON | 130.8 | 129.6 | -1.2 |
LETHBRIDGE | 139.3 | 137 | -2.3 |
LLOYDMINSTER | 132 | 129.9 | -2.1 |
GRANDE PRAIRIE | 137.7 | 134.9 | -2.8 |
REGINA* | 147.8 | 147.5 | -0.3 |
SASKATOON | 141.7 | 141.7 | 0 |
PRINCE ALBERT | 143.9 | 143.9 | 0 |
MOOSE JAW | 146.9 | 145.9 | 1 |
WINNIPEG * | 149.9 | 146.6 | -3.3 |
BRANDON | 149.2 | 148.9 | -0.3 |
CITY OF TORONTO* | 150.5 | 148.4 | -2.1 |
BRAMPTON | 149.2 | 147.4 | -1.8 |
ETOBICOKE | 149.2 | 148.8 | -0.4 |
MISSISSAUGA | 150 | 147.8 | -2.2 |
NORTH YORK | 150.6 | 148.7 | -1.9 |
SCARBOROUGH | 150.5 | 148.4 | -2.1 |
VAUGHAN/MARKHAM | 150.5 | 148.9 | -1.6 |
OTTAWA | 150.7 | 148 | -2.7 |
KINGSTON | 144.5 | 143.8 | -0.7 |
PETERBOROUGH | 139.7 | 138.4 | -1.3 |
WINDSOR | 149.8 | 147.9 | -1.9 |
LONDON | 150 | 148.3 | -1.7 |
SUDBURY | 154.5 | 153.1 | -1.4 |
SAULT STE MARIE | 150.9 | 150.9 | 0 |
THUNDER BAY | 153.9 | 148.7 | -5.2 |
NORTH BAY | 157 | 151.1 | -5.9 |
TIMMINS | 156.6 | 156.6 | 0 |
HAMILTON | 149.7 | 147.1 | -2.6 |
ST. CATHARINES | 145.6 | 144.3 | -1.3 |
BARRIE | 149.8 | 148 | -1.8 |
BRANTFORD | 146.6 | 145.5 | -1.1 |
GUELPH | 150.9 | 147.4 | -3.5 |
KITCHENER | 150.2 | 148.9 | -1.3 |
OSHAWA | 148.6 | 146.8 | -1.8 |
SARNIA | 149.8 | 137.6 | -12.2 |
MONTRÉAL* | 163.6 | 164.1 | 0.5 |
QUÉBEC | 164.9 | 163.8 | -1.1 |
SHERBROOKE | 163.9 | 163.9 | 0 |
GASPÉ | 173.7 | 167.7 | -6 |
CHICOUTIMI | 144.8 | 145.6 | 0.8 |
RIMOUSKI | 163.4 | 163.4 | 0 |
TROIS RIVIÈRES | 163.7 | 163.4 | -0.3 |
DRUMMONDVILLE | 158.7 | 158.7 | 0 |
VAL D'OR | 159.6 | 159.6 | 0 |
GATINEAU | 154.2 | 147.2 | -7 |
SAINT JOHN* | 160.9 | 159.8 | -1.1 |
FREDERICTON | 161.3 | 160.3 | -1 |
MONCTON | 161.7 | 160.6 | -1.1 |
BATHURST | 161.7 | 160.6 | -1.1 |
EDMUNDSTON | 160.9 | 159.8 | -1.1 |
MIRAMICHI | 162.7 | 161.6 | -1.1 |
CAMPBELLTON | 159.9 | 161.7 | 1.8 |
SUSSEX | 160.1 | 159.6 | -0.5 |
WOODSTOCK | 162.7 | 161.6 | -1.1 |
HALIFAX* | 161.7 | 161.7 | 0 |
SYDNEY | 163.7 | 163.7 | 0 |
YARMOUTH | 162.8 | 162.8 | 0 |
TRURO | 162.9 | 162.9 | 0 |
KENTVILLE | 162.3 | 162.3 | 0 |
NEW GLASGOW | 162.9 | 162.9 | 0 |
CHARLOTTETOWN* | 161.5 | 162.6 | 1.1 |
ST JOHNS* | 167.6 | 168.3 | 0.7 |
GANDER | 170.1 | 170.8 | 0.7 |
LABRADOR CITY | 174.2 | 174.9 | 0.7 |
CORNER BROOK | 168.3 | 168.9 | 0.6 |
GRAND FALLS | 170.1 | 170.8 | 0.7 |
SOURCE: KALIBRATE • All figures in CAD cents
(*) Denotes markets used in Volume Weighted Canada Average
Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist.
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