Which Cities Have the Priciest Petroleum?

Which Cities Have the Priciest Petroleum? Drivers in Vancouver and Montreal pay the most at the pump

Which Cities Have the Priciest Petroleum(TORONTO, ON) – 2015 has been a good year for summer road-trippers, with some Canadians saving more than 20 cents per litre compared to prices from summer 2014.  A new interactive map released by Consolidated Credit compares summer gas prices in 2015, 2014, and 2010, showing that the average driver could be saving 8 to 10 dollars each time they fill up.

However, people living in Vancouver and Montreal are not breathing as easy –this summer, Vancouver drivers are paying as much as 30 cents more per litre than motorists in Winnipeg:

RankCityThis summerLast summerSummer 2010
1Vancouver, BC$1.34$1.46$1.18
2Montreal, QC$1.30$1.43$1.04
3St. John’s, NL$1.22$1.36$1.09
4Toronto, ON$1.21$1.37$1.03
5Charlottetown, PE$1.20$1.37$0.99
6Halifax, NS$1.17$1.37$1.04
7Saint John, NB$1.16$1.33$0.98
8Calgary, AB$1.09$1.21$0.92
9Regina, SK$1.08$1.29$1.00
10Winnipeg, MB$1.04$1.26$0.94

2015 prices are based on CAA data from July 7.  2014 and 2010 prices are July averages from Statistics Canada.  Prices are dollars per litre, regular unleaded gasoline at self-serve stations.  

The differences are largely thanks to taxes, with provincial fuel taxes varying across the country.  Vancouver and Montreal get an extra dose of taxes from the local government.

According to Jeff Schwartz, executive director of Consolidated Credit Counseling Services of Canada, relief at the pumps – however big or small – is a welcome change for cash-strapped Canadians.

With so many families living paycheque-to-paycheque, an extra $40 or $50 per month could mean a lot,” says Schwartz.  “It’s a reminder that every little bit helps; we should be doing everything we can to cut back on our gas consumption, regardless of the current price per litre.

Summer is not finished yet, so Schwartz and the team at Consolidated Credit have put together the following tips to cut your gas costs when you hit the open road:

  • Inflate your tires – Have you ever been on a bicycle with flat tires? It can be a struggle to get anywhere, and your car’s engine feels the same way when your car tires are not properly inflated.  The extra effort means your car burns more fuel and costs you more money.
  • Stop idling – If you are stopping for more than a minute, turn off your vehicle. It takes less fuel to restart your engine than it does to sit and idle.
  • Cut down on AC – Air conditioning is a gas guzzler. Try to park your car in a shaded area, and roll the windows down instead of cranking the AC.  However, rolling them up is a good idea when you’re travelling at high speeds because it will improve your car’s aerodynamics, which will save on fuel.
  • Stop speeding – According to Jim Davidson, author of 75 Ways to Save Gas: Clean, Green Tips to Cut Your Fuel Bill, all vehicles “hit a wall” at 93 km/h. Faster speeds mean burning extra fuel to move past that threshold.
  • Visit a garage – The thought of mechanic’s bills may scare you, but in the long run it is better to make sure your car is running smoothly. A car in tip-top condition will burn fuel more efficiently and will likely require fewer big-ticket repairs that can cost a fortune.

While reaping the benefits of your savings at the pump, Schwartz adds an extra bit of advice:

This isn’t just ‘bonus’ money to spend on a few extra snacks at the gas station,” says Schwartz.  “Add it to your credit card payments and get out of debt faster, or put it in a savings account and build an emergency fund.”

 

About Consolidated Credit Counseling Services of Canada, Inc.: 
Consolidated Credit Counseling Services of Canada is a national non-profit credit counselling organization that teaches consumers about personal finance.

For more information or to request an interview with Jeffrey Schwartz, please contact:

Jacob MacDonald, Manager of Community and Public Relations, Consolidated Credit Counseling Services of Canada, Inc.
T: 416-915-7283 ext.1041 , C: 647-390-5253 , F: 416-915-5200 , E: jmacdonald@consolidatedcredit.ca

Press Inquiries

Shivani Karwal
Media Manager

pr@consolidatedcredit.ca
1-800-656-4120 x 1055