Prowling the Pumps – July 15, 2008
July 15, 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: | $1.375 per litre |
| Last week: | $1.373 per litre |
| Last Year: | $1.063 per litre |
Not much change since our last report. Money saved by fuelling up our hypothetical 80-litre gas tank last week would buy you about one eighth of a litre this week.
Least Expensive Gasoline in Canada (per litre)
| Excluding Taxes | Taxes | Total | |
| Kingston, ON | $0.974 | $0.308 | $1.282 |
| Edmonton, AB | $1.066 | $0.253 | $1.319 |
| Calgary, AB | $1.073 | $0.253 | $1.326 |
| Lloydminster, AB | $1.076 | $0.253 | $1.329 |
| Lethbridge, AB | $1.083 | $0.253 | $1.336 |
Once again, it’s Kingston Ontario against Alberta for the top spot in the low-cost five. Kingston is the only city in Canada with a average gas price of less than $1.30. And it leads the pack by 3.7¢, a significant amount seeing as the Alberta four are within a 1.7¢ range.
Most Expensive Gasoline in Canada (per litre)
| Excluding Taxes | Taxes | Total | |
| Labrador City, NL | $1.108 | $0.444 | $1.552 |
| Yellowknife, NT | $1.252 | $0.280 | $1.532 |
| Gander, NL | $1.057 | $0.437 | $1.494 |
| Montreal, QC | $1.057 | $0.437 | $1.494 |
| Corner Brook, NL | $1.041 | $0.435 | $1.476 |
Corner Brook, Newfoundland and Labrador is the latest to join the pricey five, replacing perennial front runners Gaspé and Rimouski, Quebec. The spread between the least and most expensive cities is a whopping 27 ¢. The difference is split almost half and half by taxes (13.6 ¢) and the actual cost of gasoline (13.4 ¢)
Pundits are hinting that the meteoric rise in oil prices may be abating. Oil prices dropped $10 US per barrel today due to forecast slow economic growth world wide and the potential for global financial challenges stemming from the US housing and mortgage industry crisis.
And this may be the real thing folks. Up to now, any rumour of any kind, good or bad, including OPEC agreeing to pump more oil, has caused a temporary price spike.
We’ll see what happens later this week.
Comments