Yahoo Finance Gas prices in Canada rise at fastest pace since April before Thanksgiving weekend
Gas prices across Canada rose at the fastest pace since April ahead of the Thanksgiving holiday weekend. The average price of regular fuel jumped 4.9 cents per litre between Oct. 3 and Oct. 10, according to data from Kalibrate.
Drivers in Fort St. John, B.C. were hit with the biggest increases, as prices climbed 12.9 cents per litre on average. The next-largest gains were in Winnipeg, North Bay, Ont., and Abbotsford, B.C. Meanwhile, Maritime markets from New Brunswick to Prince Edward Island saw minor discounts over the past seven days.
These changes come amid another volatile week for oil prices (CL=F). Global benchmarks fell on Friday as Libya resumed oil production and markets assessed the impact of Hurricane Milton's damage. At the same time, analysts continue to weigh the risk of escalating geopolitical flare-ups in the Middle East.
Helima Croft, RBC's head of global commodity strategy and MENA research, had this to say on Thursday about the ongoing conflict.
"As Israeli officials continue to vow a 'lethal' and 'surprising' response to last week’s Iranian missile attack, we expect that the White House is potentially encouraging Israel to target refineries instead of oil export facilities, arguing that the economic impact would be more directly felt by Iran," she wrote in a research note. "However, U.S. influence may not be as strong as it was in April, when Israel’s response was relatively muted."
Closer to home, En-Pro International's chief petroleum analyst predicts higher fuel costs linked to hurricanes will remain local to the U.S. Gulf region.
"There will be constrictions of supply until these storms subside, but price spikes will be localized to the Florida and southeast U.S. market orbits," Roger McKnight wrote on Thursday.
"There will be no acceleration in pump prices outside this area."
Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city.
(All figures in CAD cents)
Location | Oct. 3 | Oct. 10 | Price Change |
Canada Average (V) | 151.3 | 156.2 | 4.9 |
WHITEHORSE | 184.9 | 184.9 | 0 |
VANCOUVER* | 170.5 | 176 | 5.5 |
VICTORIA | 169.8 | 174.2 | 4.4 |
PRINCE GEORGE | 159.6 | 159.6 | 0 |
KAMLOOPS | 162.6 | 163.6 | 1 |
KELOWNA | 161.8 | 166.8 | 5 |
FORT ST. JOHN | 152.4 | 165.3 | 12.9 |
ABBOTSFORD | 156.5 | 166.7 | 10.2 |
YELLOWKNIFE | 162.9 | 162.9 | 0 |
CALGARY* | 151 | 153.4 | 2.4 |
RED DEER | 145.2 | 149 | 3.8 |
EDMONTON | 144 | 148.7 | 4.7 |
LETHBRIDGE | 149.4 | 147.4 | -2 |
LLOYDMINSTER | 142.3 | 148 | 5.7 |
GRANDE PRAIRIE | 161.9 | 161.4 | -0.5 |
REGINA* | 148.8 | 148.8 | 0 |
SASKATOON | 148.9 | 148.5 | -0.4 |
PRINCE ALBERT | 148.9 | 148.9 | 0 |
MOOSE JAW | 150.4 | 150.4 | 0 |
WINNIPEG * | 125.3 | 136.6 | 11.3 |
BRANDON | 127.3 | 128.3 | 1 |
CITY OF TORONTO* | 147.2 | 152.8 | 5.6 |
BRAMPTON | 147.4 | 152.2 | 4.8 |
ETOBICOKE | 147.2 | 152.1 | 4.9 |
MISSISSAUGA | 146.7 | 151.3 | 4.6 |
NORTH YORK | 147.7 | 152.6 | 4.9 |
SCARBOROUGH | 147.3 | 152.2 | 4.9 |
VAUGHAN/MARKHAM | 147.6 | 152.2 | 4.6 |
OTTAWA | 146.7 | 152.7 | 6 |
KINGSTON | 146.8 | 147 | 0.2 |
PETERBOROUGH | 141.9 | 149.2 | 7.3 |
WINDSOR | 146.9 | 151.8 | 4.9 |
LONDON | 147.6 | 152.1 | 4.5 |
SUDBURY | 147 | 154.7 | 7.7 |
SAULT STE MARIE | 149.1 | 149.9 | 0.8 |
THUNDER BAY | 156.1 | 154.3 | -1.8 |
NORTH BAY | 147.2 | 158.5 | 11.3 |
TIMMINS | 153.5 | 156.8 | 3.3 |
HAMILTON | 144.4 | 150.8 | 6.4 |
ST. CATHARINES | 145.6 | 150.8 | 5.2 |
BARRIE | 146.6 | 151.9 | 5.3 |
BRANTFORD | 143.5 | 148.3 | 4.8 |
GUELPH | 146.5 | 151.9 | 5.4 |
KITCHENER | 145 | 151.8 | 6.8 |
OSHAWA | 147.5 | 152.7 | 5.2 |
SARNIA | 145.9 | 150.5 | 4.6 |
MONTRÉAL* | 151.6 | 157.8 | 6.2 |
QUÉBEC | 149.3 | 159.5 | 10.2 |
SHERBROOKE | 149.8 | 149.9 | 0.1 |
GASPÉ | 159.7 | 160.7 | 1 |
CHICOUTIMI | 136 | 140.7 | 4.7 |
RIMOUSKI | 154.4 | 162.4 | 8 |
TROIS RIVIÈRES | 153.4 | 152.9 | -0.5 |
DRUMMONDVILLE | 149.9 | 159.7 | 9.8 |
VAL D'OR | 152.6 | 152.6 | 0 |
GATINEAU | 138.3 | 143.8 | 5.5 |
SAINT JOHN* | 152.6 | 150.1 | -2.5 |
FREDERICTON | 152.5 | 151 | -1.5 |
MONCTON | 153.4 | 150.4 | -3 |
BATHURST | 153.4 | 151.3 | -2.1 |
EDMUNDSTON | 152.4 | 150.1 | -2.3 |
MIRAMICHI | 154.6 | 152.6 | -2 |
CAMPBELLTON | 149.9 | 149.9 | 0 |
SUSSEX | 152.8 | 150.5 | -2.3 |
WOODSTOCK | 154.5 | 152.2 | -2.3 |
HALIFAX* | 151.1 | 150.2 | -0.9 |
SYDNEY | 153.1 | 152.2 | -0.9 |
YARMOUTH | 152.1 | 151.3 | -0.8 |
TRURO | 152.3 | 151.4 | -0.9 |
KENTVILLE | 151.7 | 150.8 | -0.9 |
NEW GLASGOW | 152.3 | 151.4 | -0.9 |
CHARLOTTETOWN* | 159.2 | 159.2 | 0 |
ST JOHNS* | 159.5 | 166.5 | 7 |
GANDER | 162 | 168.9 | 6.9 |
LABRADOR CITY | 161 | 173 | 12 |
CORNER BROOK | 160.2 | 167 | 6.8 |
GRAND FALLS | 162 | 168.9 | 6.9 |
Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist.
Download the Yahoo Finance app, available for Apple and Android.
