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Gas prices have jumped 10% year-over-year on average in Canada

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Gas prices have jumped 10% year-over-year on average in Canada

FILE - A customer pumps gas at a gas station in Mundelein, Ill., Feb. 8, 2024. (AP Photo/Nam Y. Huh, file)

FILE - A customer pumps gas at a gas station in Mundelein, Ill., Feb. 8, 2024. (AP Photo/Nam Y. Huh, file) · ASSOCIATED PRESS

Gas prices are 10 per cent higher year-over-year on average in cities across Canada, according to data from Kalibrate.

The Canada-wide average price added two cents between Jan. 30 and Feb. 6, reaching $1.624 per litre of regular fuel. Kelowna, B.C. and Winnipeg saw the biggest price jumps over this seven-day stretch. Red Deer, Alta. drivers got the biggest weekly discount.

At this time last year, the nationwide average price was $1.474 per litre.

Earlier this week, U.S. President Donald Trump and Canada's federal government agreed to a 30-day pause on a potential trade war. Economists and industry experts have warned that any such trade war would send gas prices soaring on both sides of the border.

On Thursday, Bank of Canada Governor Tiff Macklem said Trump's tariff threats are already impacting businesses and households.

"The longer this uncertainty persists, the more it will weigh on economic activity in our countries," he said while virtually addressing a conference held in Mexico City.

Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city.

(All figures in CAD cents)

Location

Jan.30

Feb. 6

Price Change

Canada Average (V)

160.4

162.4

2

WHITEHORSE

179.9

184.9

5

VANCOUVER*

186

192.6

6.6

VICTORIA

179.9

188.9

9

PRINCE GEORGE

161.2

161.2

0

KAMLOOPS

167

172.3

5.3

KELOWNA

164.9

174.7

9.8

FORT ST. JOHN

169.4

168.4

-1

ABBOTSFORD

173

183

10

YELLOWKNIFE

162.9

162.9

0

CALGARY*

150.6

150.9

0.3

RED DEER

147.9

143.1

-4.8

EDMONTON

147.6

145.1

-2.5

LETHBRIDGE

147.4

145.5

-1.9

LLOYDMINSTER

149

149.9

0.9

GRANDE PRAIRIE

149.5

150.3

0.8

REGINA*

151

157.8

6.8

SASKATOON

151.9

158.7

6.8

PRINCE ALBERT

151.4

154.4

3

MOOSE JAW

151.9

153.7

1.8

WINNIPEG *

147.8

156.9

9.1

BRANDON

143.1

148.2

5.1

CITY OF TORONTO*

155.8

156.8

1

BRAMPTON

155.5

156.5

1

ETOBICOKE

155.1

156

0.9

MISSISSAUGA

154

155.4

1.4

NORTH YORK

155.7

156.7

1

SCARBOROUGH

155.3

156.3

1

VAUGHAN/MARKHAM

155.2

156.1

0.9

OTTAWA

156.3

156.7

0.4

KINGSTON

147

143.6

-3.4

PETERBOROUGH

150.8

147.3

-3.5

WINDSOR

154.6

155.5

0.9

LONDON

155.4

156.6

1.2

SUDBURY

152.7

155.9

3.2

SAULT STE MARIE

149.4

154.1

4.7

THUNDER BAY

153.6

158.2

4.6

NORTH BAY

159.7

152.7

-7

TIMMINS

164.7

164

-0.7

HAMILTON

152.8

154.7

1.9

ST. CATHARINES

151.9

152.7

0.8

BARRIE

154.4

155.8

1.4

BRANTFORD

153.8

150.2

-3.6

GUELPH

154.1

155.1

1

KITCHENER

152.7

154.3

1.6

OSHAWA

155.5

156.5

1

SARNIA

147.7

145.4

-2.3

MONTRÉAL*

162.4

163.2

0.8

QUÉBEC

160.3

158.9

-1.4

SHERBROOKE

161

160.6

-0.4

GASPÉ

162.4

162.4

0

CHICOUTIMI

142.6

143.5

0.9

RIMOUSKI

155.4

155.4

0

TROIS RIVIÈRES

159

157.5

-1.5

DRUMMONDVILLE

149.9

155.3

5.4

VAL D'OR

165.6

164.9

-0.7

GATINEAU

149.4

148.3

-1.1

SAINT JOHN*

165

163.2

-1.8

FREDERICTON

165.6

163.4

-2.2

MONCTON

165.8

163.6

-2.2

BATHURST

165.1

163.5

-1.6

EDMUNDSTON

164.8

162.6

-2.2

MIRAMICHI

167.1

164.8

-2.3

CAMPBELLTON

161.9

163.9

2

SUSSEX

165.5

163.4

-2.1

WOODSTOCK

167

164.8

-2.2

HALIFAX*

165.3

163.1

-2.2

SYDNEY

167.3

165.1

-2.2

YARMOUTH

166.4

164.2

-2.2

TRURO

166.5

164.3

-2.2

KENTVILLE

165.9

163.7

-2.2

NEW GLASGOW

166.5

164.3

-2.2

CHARLOTTETOWN*

175

173.3

-1.7

ST JOHNS*

169.9

171.8

1.9

GANDER

172.5

174.3

1.8

LABRADOR CITY

176.6

177.3

0.7

CORNER BROOK

170.7

172.5

1.8

GRAND FALLS

172.5

174.3

1.8

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.

Download the Yahoo Finance app, available for Apple and Android.

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