Gas Prices Surge Across Canada: Tips to Save Money at the Pump

Gas prices have spiked significantly across Canada in March, with Toronto experiencing some of the sharpest increases, according to data from GasBuddy. Average retail gasoline prices in Toronto rose by 11 cents per litre in the past week alone, while the national average increased by 4.7 cents per litre. Patrick De Haan, head of petroleum analysis at GasBuddy, attributes this surge to several factors. Spring break travel has led to increased demand for gasoline, while warmer weather approaching adds to the uptick. Additionally, the transition to mandated summer gasoline, which is costlier to produce, coupled with refinery maintenance work, has limited supply, further driving prices up.

De Haan predicts that gas prices will likely continue rising across much of Canada until potentially Victoria Day before any improvement is seen. Rising gas prices are expected to contribute to higher inflation numbers for February.

To save money at the pump, De Haan suggests shopping around for the best prices before filling up, as prices can vary significantly between different locations. Utilizing gas price apps and Google can help in this regard. Additionally, driving more fuel-efficiently, such as using cruise control on highways, can improve fuel economy.Considering transportation alternatives, such as biking, walking, or using public transit, can also help mitigate costs. Lanrick Bennett Jr., a Torontobased bike advocate, encourages Canadians to explore these alternatives, especially for shorter urban trips, as they can save money and reduce reliance on gas-powered vehicles.Despite the surge in gas prices, De Haan notes that diesel prices have been falling, which may help offset some costs for consumers.