SASKATOON — Average retail gasoline prices in Saskatoon are 133.86 c/L, down 0.5 c/L from last week's 134.34 c/L, according to GasBuddy's daily survey. This compares with the national average that has increased 2.8 c/L in the last week to 138.58 c/L, according to gasoline price website GasBuddy.com.
The national average has increased 5.7 c/L during the last month and stands 25.6 c/L lower than this day one year ago.
"Average gasoline prices rose in all 10 Canadian provinces over the last week, as oil prices surged following President Trump’s decision to reduce tariffs and finalize new trade deals — moves that inspired optimism in global markets that a major tariff-driven economic slowdown might be avoided," said Patrick De Haan, head of petroleum analysis at GasBuddy. "The combination of rising oil prices, tightening gasoline inventories, and seasonal demand has added upward pressure to prices nationwide. While Canadians are still paying less than they were a year ago at the pump, the gap is narrowing as oil markets rebound."
He added that as the Victoria Day long weekend is the unofficial start of summer driving season, GasBuddy is preparing to release its summer travel survey findings and a gas price forecast for the months ahead.
"For now, Canadians can expect one of the most affordable summer driving seasons since the pandemic, with inflation-adjusted prices tracking among the lowest in more than five years."
For live fuel price averages, visit http://FuelInsights.GasBuddy.com.
Source: GasBuddy
