Prowling the Pumps – May 20, 2008
May 20, 2008
On the case, lurking at service stations across the country to find the lowest and highest gasoline prices in Canada.
Average across Canada
| This week: | $1.268 per litre |
| Last week: | $1.272 per litre |
| Last Year: | $1.150 per litre |
So…my short term prediction was wrong. Prices dropped $0.004 per litre from last week. Not a huge deal. It means that if you waited until this week to fill up and you have an 80-litre gas tank, you saved a whopping 32 cents.
Least Expensive Gasoline in Canada (per litre)
| Excluding Taxes | Taxes | Total | |
| Kingston, ON | $0.907 | $0.305 | $1.212 |
| Edmonton, AB | $0.968 | $0.248 | $1.216 |
| Calgary, AB | $0.978 | $0.248 | $1.226 |
| Lethbridge, AB | $0.980 | $0.248 | $1.228 |
| Red Deer, AB | $0.990 | $0.249 | $1.239 |
For the fifth week in a row, Kingston tops our list. But…as with last week, the next four in the low-cost five are all from Alberta. It’s still a battle of high throughput versus low taxes and low taxes won out again.
Most Expensive Gasoline in Canada (per litre)
| Excluding Taxes | Taxes | Total | |
| Labrador City, NL | $0.993 | $0.429 | $1.422 |
| Yellowknife, NT | $1.135 | $0.275 | $1.410 |
| Gaspé, QC | $1.034 | $0.365 | $1.399 |
| Trois-Rivières, QC | $0.985 | $0.411 | $1.396 |
| Rimouski, QC | $1.006 | $0.388 | $1.394 |
Looks like Quebec is making real inroads into the pricey five, but Labrador City and Yellowknife still maintain their stranglehold on the two most expensive cities in which to fill up. Again it’s all a matter of taxes. Without taxes, Trois-Rivières would crack the low-cost five and Labrador City would only be three-tenths of a cent out.
Back to my predictions. With crude oil trading above $130.00US per barrel, the price of gasoline has no where to go but up. A $0.004 drop is not a precursor to declining prices.
And speaking of predictions, American oil billionaire T. Boone Pickens, Jr. predicted $150 US per barrel oil before the end of the summer. Boone is noted for his accuracy in forecasting oil prices. He reportedly predicted last year that oil would reach $80.00 US per barrel before he reached 80 years of age. Well, tomorrow, May 22 is Boone’s 80th.
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