Declining gasoline prices in Canada?
 

Has anyone noticed any decrease in gasoline prices during the past several weeks? Both West Texas Intermediate and Brent crude have been falling for weeks. Brent crude (an indicator of non-US oil prices) is now below $100 a barrel. I wonder if these declining oil prices are also trickling down to your average gasoline consumer in Canada. What are you paying for gas right now? You can post it as a price per liter or price per US gallon (1 US gallon = 3.78 liters).

Re: Declining gasoline prices in Canada?
 

I'm paying $1.28.9 per litre at Costco.

Re: Declining gasoline prices in Canada?
 

YIKES, that's pricey.

Re: Declining gasoline prices in Canada?
 

Is it? It's $1.34.9 in our local gas station

Re: Declining gasoline prices in Canada?
 

It's $1.18 in Fort MacCleod, AB:lol:

Re: Declining gasoline prices in Canada?
 

1:26 in ajax

Re: Declining gasoline prices in Canada?
 

I forgot that gasoline in Canada was expensive. Can you remember how much that same gas would have cost 4 - 8 weeks ago if you bought from that same location? The price of Brent crude has dropped by almost 10% during the past 6 weeks. Was it $1.40+ weeks ago? If so, then it would mean that the savings on fuel are definitely trickling down to everyday consumers.

Re: Declining gasoline prices in Canada?
 

1:28 ish

Re: Declining gasoline prices in Canada?
 

Between $1.144/L & $1.189/L in High River AB.
Last Sunday I paid $1.219/L.

Re: Declining gasoline prices in Canada?
 

The savings on crude are definitely trickling down in your case. It's a 6% decline over one week, but Brent crude prices have decreased by 6% over the past 4 weeks. Maybe the stations wait until the price of crude falls so far (after many weeks of decline) before lowering their prices. That way, they get to make extra profits for a short while.

Re: Declining gasoline prices in Canada?
 

1.37 in Squamish, hasn't moved in weeks either up or down, at least a month of it at this price now. No signs of it moving but we pay inflated prices here to begin with because of our location and usually on par with Vancouver, but should be lower here since we are not in the translink tax zone but we don't get to see any of that savings.

Re: Declining gasoline prices in Canada?
 

Don't be so naive. Falls in crude don't ever, ever, translate into reduced gas prices. However increases in the price of crude, or even rumours thereof, always result in increases at the pump.

To employ a phrase that you'll become very familiar with when you arrive in Canada, "It is what it is".

Canadians are too bovine to notice.

Re: Declining gasoline prices in Canada?
 

Yes, they're trickling down in that guy's case. It doesn't mean that they're trickling down all over Canada. You're right about the prices being jacked up though.

Re: Declining gasoline prices in Canada?
 

There hasn't been any significant movement in pump price, it varies by region and last week coming from BC I saw a high of 144.9 in the interior to 117.9. Gas Buddy will give you today's prices (gas in Oliver 136.9, checked Gas Buddy app and drove 1/2 mile north for 131.9).. Things like natural disasters, severe weather systems, impending war all push prices up. They go up any time we're expected to need more gas. During and after a big hurricane for example aid convoys will eat into fuel reserves and prices will rise. As Novo pointed out it the price rarely goes down to reflect the good times.

Re: Declining gasoline prices in Canada?
 

The price of gas usually goes up with the change of demand, such as a bank holiday or Xmas and such like, it can also go up due to lower demand, snow hail rain. There is more reasons to increase the price than to decrease it !!