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canada gas prices

Gas Prices In Canada Are Expected To Go Up In 2024 — Here's By How Much

Global economic recoveries, environmental policies, and market dynamics make the outlook for 2024 gas prices in Canada one of uncertainty and potential strain on personal budgets, especially during the summer.

The tail end of 2023 saw retail petroleum prices in Canada drop to their lowest levels for the year in December, marking a 24-month low. The decline was driven by record North American crude oil production, with the U.S. reaching a production high of 13.3 million barrels per day (BBL/d) in December and Alberta producing 4.2 million BBL/d in November.

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Gas Prices In Montreal Will Rise This Sunday — Here's Where It's Cheapest To Fuel Up Now

Gas prices in Montreal are expected to jump tomorrow by a few cents — so it might be a good idea to fill up now while you can.

According to CAA, the current average gas price across Montreal is 189.3/L. However, that's about to change.

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Gas Prices In Montreal Have Dropped — Here's How Much You'll Pay At The Pump

Gas prices in Montreal have been causing quite the stir after reaching meteoric heights and breaking records left and right. Well, now might be the best time to fill up your tank as gas prices have dropped ever so slightly.

As of this Saturday, July 2, the value of fuel has dropped by a few cents throughout the province, and despite the slight drop, you can still save a few bucks at the pump.

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gas prices montreal

Gas Prices In Montreal Continue To Skyrocket — Here's Where In Quebec It's Cheapest

Surprise surprise, gas prices in Montreal are still on the rise!

On Thursday, April 21, the average price for fuel in Montreal is 186.9 cents/L, which is up 5.1 cents/L since yesterday.

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Quebec Is Expected To Announce New Payments To Residents — Here's What We Know So Far

UPDATE: Quebec will give $500 to every adult who makes $100,000/year or less. Get the details here.

Quebec Finance Minister Eric Girard is set to present the province's next budget on March 22. François Legault has repeatedly suggested that it will include payments to Quebecers to offset the effects of inflation.

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inflation canada

Inflation In Canada Has Skyrocketed — Here's Which Products Are Costing More

In February, consumer goods saw the biggest overall year-over-year price jump in more than 30 years, according to the latest Consumer Price Index from Statistics Canada. Higher costs for gas, food and housing drove the 5.7% inflation in Canada, the federal agency said.

The steep price for gas is top of mind nationwide. StatsCan said Canadians paid 32.3% more for gas in February 2022 than they did 12 months prior, a jump spurred in part by conflicts in Europe and the Middle East.

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Gas Prices In Quebec Are Rising — Here’s Where Fuel Is Most Expensive

Remember the good 'ole days where gas was so cheap in March 2020? Well, those days are long gone. According to CAA-Quebec, the average price per litre across the province is 164.4 cents per litre as of March 1, up from 162.5 cents per litre on February 28.

It was only last month that the average price for gas was 157.2 cents per litre, so it's no shock that prices are expected to increase even more.

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Quebec Is The Least Stressed Out Province When It Comes To Money Right Now, A Survey Shows

The ongoing pandemic has led many Canadians to experience financial stress. With the country's inflation rate at its highest since 1991 and food prices on the climb, it's no surprise that 57% of Canadians are struggling to feed their household, a study from the Angus Reid Institute (ARI) says.

That figure is up from 36% in 2019, showcasing the staggering effect that the increase in the cost of living and pandemic-related economic turmoil has had on Canadians. However, the study, conducted via an online survey that reached 5,002 Canadians between January 7 and 12, suggests that Quebecers aren't nearly as stressed about food security and debt as residents of other surveyed provinces.

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Inflation In Canada Is The Highest It's Been In 30 Years — Here's What's Costing More

There's no way easy way to put it, but living in Canada is getting expensive. Statistics Canada announced on January 19 that inflation is not only up, but on the rise, increasing in December 2021 to its highest rate since 1991.

The federal agency revealed that the Consumer Price Index (CPI), which "represents changes in prices as experienced by Canadian consumers," was up 4.8% compared to the year before. That's also compared to a 4.7% year-over-year increase in November 2021.

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