Gas Prices

CAA provides the daily national average of gas prices. You can check out the average today and compare it to yesterday, a week ago, a month ago or a year ago. This information is updated daily.

Daily National average of gas prices in Canada

Today's Average
162.1/L
Two Day Trend
Yesterday (Avg.)
161.9/L
Week Ago (Avg.)
164.7/L
Month Ago (Avg.)
164.0/L
Year Ago (Avg.)
152.3/L
Lowest price in past month (5/13/2024)
161.2/L
Highest price in past month (4/19/2024)
172.4/L
Lowest price in past year (1/11/2024)
135.8/L
Highest price in past year (4/19/2024)
172.4/L
Last updated: June 17 2024 at 4:00am
Gas Prices - CAA National

What makes prices go up and down?

The price you pay for gasoline at your local service station can vary based on the type of gas, regional taxes, the level of competition, the amount that outlet sells, and the type and location of stations.  

When demand for crude oil increases and supply decreases, the price of gas increases. Another factor is price retail margins, which is the distribution margin that represents the difference between the pump price and the acquisition cost. This also includes the operating cost and expenses of a service station which vary from region to region. 

Unlike the above factors that are difficult to control and that characterize the extensive oil market, the various taxes that are added to a litre of gasoline are consistent. After the price of crude oil, taxes represent the second highest component of the pump price. 

Other factors 

There are many other things that influence the price of gas since crude oil and refined gas are traded on commodities markets. Factors that can influence the pump price include: 

  • Seasonal changes 
  • Weather conditions 
  • Increased demand 
  • Geopolitical conflict 
  • Status of oil and gas reserves 
  • Refining capacity 
  • Value of the US dollar 

For more details, visit Natural Resources Canada for more details on the fluctuation of gas prices here. 

How can I save on gasoline?

CAA’s fuel-efficient driving tips

How you drive can have a significant impact on your vehicle’s gasoline consumption. For more tips, check out CAA’s other fuel-efficient driving tips and you can save hundreds of dollars at the pump each year, lengthen the life of your vehicle by preventing unnecessary wear on your vehicle, and help save the environment.

Accelerate smoothly

Avoid “jackrabbit” starts and hard braking. To maximize your fuel efficiency, take five seconds to accelerate your vehicle up to 20 km/h from a stop. 

Reduce your speed

Driving at lower speeds can reduce fuel consumption. Using cruise control on highway helps maintain a constant speed and saves gas. 

Combine trips

Got errands to run? Take some time to plan your route to combine many stops into one trip. This helps to lower your km’s, save your time and fuel. 

Good maintenance is important

A poorly maintained vehicle can increase fuel consumption by up to 25 percent. Check your vehicle’s maintenance schedule.

Public transportation and alternative transportation  

Do you really need to grab your car keys every time you go out? Have you thought about other means of transportation (biking, walking, etc.) or public transit? If offered by your employer, working from home is another solution that can considerably reduce your gas bill. Planning and combining your shopping and errands can help reduce your time on the road and avoid rush hour periods. Congestion is costly—in time, patience, and fuel costs. 

Ride-sharing and carpooling

The benefits of increased carpooling and ride-sharing are immense. In Toronto as an example, at present for every 100 vehicles on the road only eight are carrying a second person. If 12 more of these drivers carried a passenger, we would save $750 million a year in operating and infrastructure costs.

Consider going electric or hybrid 

Yes, it can be difficult to find an all-electric or hybrid vehicle for immediate delivery, but this is the perfect time to do your homework and start shopping for an electric or plug-in hybrid vehicle. Still hesitant about going electric? Check out CAA’s EV Buyer’s Guide to find the right match.