Gas prices: These cities have seen the biggest drops since June

Prices at the pump have seen a notable decline in recent weeks, with the cost of regular gasoline falling by more than a fifth in Canada from highs seen earlier this summer, according to federal government data.

Figures from Natural Resources Canada show that the average monthly price of regular gasoline in Canada fell 22.8% on September 1 to 161.1 cents per litre, down from the annual high of 208.6 cents per litre. liter on average for the month of June.

However, gasoline prices in Canada are still on average close to or well above what they were in January, when the cost per liter of gasoline was lowest, at 149.2 cents per liter in national average.

Gasoline prices have risen significantly for most of 2022 and have been a major factor in Canada’s rising inflation rate, partly due to Russian President Vladimir Putin’s war in Ukraine.

The United States has also recently experienced its own downward trend in gasoline prices.

But while inflation may have peaked in June, some major banks are expecting another interest rate hike this month from the Bank of Canada.

Of the 71 cities for which gasoline prices were available in Natural Resources Canada data, all reached their highest monthly highs in June.

And of those cities, about a third saw price declines above the national average.

They include some of Canada’s major cities, as well as smaller municipalities in Ontario, Alberta, Quebec and Saskatchewan.

Red Deer, Alta., saw the largest price drop at 31.2%, falling to 129.7 cents per liter on September 1, from an average of 188.5 cents per liter in June.

Over the same period, Fort St. John, B.C. saw the smallest change at 10.8%, with gasoline prices dropping to 189.9 cents per liter on September 1 from 213 cents per liter. the liter in June.

Here are the cities that saw above-average declines in gasoline prices from June to September 1:

• Canada (22.8%)

• Barrie, Ont. (26.4%)

• Brantford, Ont. (26.1%)

• Calgary (23.9%)

• Edmonton (26%)

• Gatineau, Que. (22.9%)

• Guelph, Ont. (26.2%)

• Hamilton, Ont. (26.3%)

• Kingston, Ont. (25.6%)

• Kitchener, Ont. (26.2%)

• Lloydminster, AB/Sask. (24.8%)

• London, Ont. (26.4%)

• North Bay, Ont. (25.7%)

• Oshawa, Ont. (26.4%)

• Ottawa (26.3%)

• Peterborough, Ont. (25.9%)

• Red Deer, Alta. (31.2%)

• Regina (23.5%)

• Sarnia, Ont. (26.6%)

• Saskatoon (26.4%)

• Sault Ste. Marie, Ont. (25.3%)

• St. Catharines, Ont. (25.9%)

• Thunder Bay, Ont. (24.8%)

• Toronto (25.7%)

• Windsor, Ont. (26%)

With files from The Canadian Press and The Associated Press