Calgary gas prices down 20 cents: GasBuddy
Posted Dec 19, 2022 12:26 pm.
Last Updated Dec 19, 2022 12:28 pm.
Gas prices continue to drop in Calgary, with a 20 cent decrease since November at this time, according to GasBuddy reports on Monday morning.
Calgary rates are at $1.23 per litre, which is down from $1.44 per litre. Last year’s average was $1.38 per litre.
Earlier in the month, GasBuddy reported a 25 cent decrease in gas prices.
The current average across the country is $1.39 per litre, which is 17 cents more than Calgary’s average.
Meanwhile, oil is trading at its lowest level since before the invasion of Ukraine, hovering around $74 dollars U.S. a barrel.
Refinery issues in Canada and the U.S. have set back prices a couple months ago, with GasBuddy recording Calgary’s average price for a litre of regular at just over $1.72 per litre on Oct. 7. Edmonton’s average was just under $1.69.
Inflation has been an issue for Calgarians as prices have increased in all manner of areas, according to a report from the Calgary Foundation.
The highest gas price was earlier in the year when prices were $1.91 per litre in June.
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The Alberta government stopped collecting its 13 cents-per-litre tax on gas at the pumps. The government did add some of that tax back, as oil prices receded later in the year.
Premier Danielle Smith said in November the province would reverse course and suspend the entirety of its 13 cents-per-litre fuel tax for “at least” six months, and wants to make the current fuel relief program permanent after that.
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-With files from The Canadian Press and Joey Chini
