Yahoo Finance Gas prices retreat after recent major spike, with Ontario leading declines
Gas prices retreated over the past week, falling an average of 5.9 cents per litre of regular fuel across Canada following a major spike in the seven days prior. Ontario saw the most consistent price declines, while cities in Nova Scotia were hit with roughly 10-cent increases.
The average cost per litre of regular gasoline in cities nationwide fell to $1.747 from $1.806 between April 18 and April 25, according to data firm Kalibrate. Kingston, Ont. booked the biggest price drop at 10.5 cents per litre.
For investors, financial results are rolling in this week for the world's largest oil companies. So far, Exxon Mobil (XOM) and Chevron (CVX) have booked weaker respective profits due to lower refining margins.
In Canada, Imperial Oil (IMO.TO)(IMO) also reported profit fell compared to this time last year. The Calgary-based company said on Friday that its Esso brand of gas stations is number one in Canada by market share, according to Kalibrate survey data from 2023.
Next week, Canadian Natural Resources (CNQ.TO)(CNQ), Cenovus Energy (CVE.TO)(CVE), Vermilion Energy (VET.TO)(VET), and Tourmaline Oil (TOU.TO) are scheduled to report financial results.
"First-quarter conference calls should be happy experiences for investors in Canadian energy given a favourable oil landscape punctuated by progress towards net debt targets for many producers, rising shareholder returns, and the approaching debut of the 590,000 [barrel per day] Trans Mountain Pipeline Expansion," RBC Capital Markets analyst Greg Pardy wrote in a note to clients earlier this month.
Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city.
(All figures in CAD cents)
LOCATION | April 18 | April 25 | Price change |
Canada Average (V) | 180.6 | 174.7 | -5.9 |
WHITEHORSE | 189.9 | 189.9 | 0 |
VANCOUVER* | 212.7 | 202.5 | -10.2 |
VICTORIA | 206.9 | 205 | -1.9 |
PRINCE GEORGE | 169.3 | 168.9 | -0.4 |
KAMLOOPS | 181 | 180.9 | -0.1 |
KELOWNA | 175.8 | 176.3 | 0.5 |
FORT ST. JOHN | 174.9 | 177.9 | 3 |
ABBOTSFORD | 198.5 | 190.5 | 8 |
YELLOWKNIFE | 161.9 | 161.9 | 0 |
CALGARY* | 158.8 | 157.9 | 0.9 |
RED DEER | 159 | 159 | 0 |
EDMONTON | 153.6 | 153.5 | -0.1 |
LETHBRIDGE | 161.9 | 161.9 | 0 |
LLOYDMINSTER | 154.6 | 153.8 | -0.8 |
GRANDE PRAIRIE | 158.7 | 157.5 | -1.2 |
REGINA* | 157.3 | 156.9 | -0.4 |
SASKATOON | 156.9 | 156.4 | -0.5 |
PRINCE ALBERT | 155.8 | 158.3 | 2.5 |
MOOSE JAW | 158.7 | 158.7 | 0 |
WINNIPEG * | 141.6 | 141.5 | -0.1 |
BRANDON | 143.3 | 143.3 | 0 |
CITY OF TORONTO* | 179.3 | 171.3 | -8 |
BRAMPTON | 179.6 | 171.6 | -8 |
ETOBICOKE | 179 | 171.2 | -7.8 |
MISSISSAUGA | 179.3 | 169.8 | -9.5 |
NORTH YORK | 179.6 | 171.2 | -8.4 |
SCARBOROUGH | 179.5 | 171.4 | -8.1 |
VAUGHAN/MARKHAM | 179.2 | 171.4 | -7.8 |
OTTAWA | 179 | 170.1 | -8.9 |
KINGSTON | 179.3 | 168.5 | -10.5 |
PETERBOROUGH | 172.2 | 166.6 | -5.6 |
WINDSOR | 177.8 | 170.1 | -7.7 |
LONDON | 177.4 | 170.3 | -7.1 |
SUDBURY | 185.8 | 178.9 | -6.9 |
SAULT STE MARIE | 174.3 | 171.5 | -2.8 |
THUNDER BAY | 175.5 | 174.2 | -1.3 |
NORTH BAY | 182.6 | 175.8 | -6.8 |
TIMMINS | 183.6 | 180.6 | -3 |
HAMILTON | 178 | 169.9 | -8.1 |
ST. CATHARINES | 177.1 | 168.3 | -8.8 |
BARRIE | 178.2 | 170.3 | -7.9 |
BRANTFORD | 176.2 | 168.4 | -7.8 |
GUELPH | 178.4 | 170.7 | -7.7 |
KITCHENER | 179 | 170.6 | -8.4 |
OSHAWA | 179.4 | 171.2 | -8.2 |
SARNIA | 178.9 | 171.4 | -7.5 |
MONTRÉAL* | 190.5 | 182.2 | -8.3 |
QUÉBEC | 187.4 | 189.5 | 2.1 |
SHERBROOKE | 185.3 | 184.3 | -1 |
GASPÉ | 189.4 | 189.4 | 0 |
CHICOUTIMI | 181.8 | 175.6 | 6.2 |
RIMOUSKI | 189.4 | 189.4 | 0 |
TROIS RIVIÈRES | 186.7 | 186.4 | 0.3 |
DRUMMONDVILLE | 183.9 | 180.7 | 3.2 |
VAL D'OR | 182.7 | 182.7 | 0 |
GATINEAU | 175.9 | 170 | -5.9 |
SAINT JOHN* | 179.1 | 179 | -0.1 |
FREDERICTON | 181.7 | 181.8 | 0.1 |
MONCTON | 181.9 | 182.1 | 0.2 |
BATHURST | 182.3 | 182.1 | -0.2 |
EDMUNDSTON | 175.8 | 180.9 | 5.1 |
MIRAMICHI | 183.1 | 183.1 | 0 |
CAMPBELLTON | 179.9 | 183.2 | 3.3 |
SUSSEX | 181 | 181.6 | 0.6 |
WOODSTOCK | 183.1 | 183.1 | 0 |
HALIFAX* | 175.4 | 185 | 5.4 |
SYDNEY | 177.2 | 186.9 | 9.7 |
YARMOUTH | 176.3 | 186 | 9.7 |
TRURO | 176.4 | 186.1 | 9.7 |
KENTVILLE | 175.8 | 185.5 | 9.7 |
NEW GLASGOW | 176.4 | 186.1 | 9.7 |
CHARLOTTETOWN* | 173 | 177.6 | 4.6 |
ST JOHNS* | 193.9 | 193.9 | 0 |
GANDER | 196.4 | 196.4 | 0 |
LABRADOR CITY | 200.5 | 200.5 | 0 |
CORNER BROOK | 194.6 | 194.6 | 0 |
GRAND FALLS | 196.4 | 196.4 | 0 |
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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