Northern Alberta Sees Largest Gas Price Increase in Nation Since Last Year

In what has a sense of Shakespearian irony,  the province that produces 30% of the nation’s oil has experienced the largest increase in gas prices since February of 2024.   According to a new article by Yahoo Finance, we here in North Alberta have seen our gas prices rise more than 15 cents per liter across the area compared to just 6 cents per liter in Ontario.  In contrast – Quebec saw their gas prices drop just under 5 cents per liter in that same 12 month period.  Alberta still enjoys lower than average gas prices than most other provinces but the spread has been decreasing since 2021.

Although all provinces were hit with the carbon fuel tax – Alberta reinstated its fuel tax which added 4 cents to our gas at the pump and depending on the average price of a barrel of West Texas Intermediate (WTI) oil can go as high as 9 cents at the pump.

Economists list increased demand in Alberta as part of the reason for our fuel prices being on the rise.    There has also been a growing trend of retail gas stations no longer sticking together in pricing unison as has been the norm for decades.   According to Gas Buddy, gas is as low as 135.9 in Wetaskiwin and a high of 168.9 in Fort Vermillion.   The average price in Spruce Grove ranges from 139.9 at Canadian Tire and Coop to an average pump price of 153.9 at many gas stations in the area.

Here’s a table showing estimated average retail gas prices across Canadian provinces as of February 2025.

These values are the average of retail pumps across each province and can fluctuate based on taxes, regional supply, and transportation

Diesel Prices Across the Nation

As of February 14, 2025, the average diesel prices across Canadian provinces as of February 2025 were as follows

Diesel prices fluctuate due to regional taxes, refining costs, and transportation expenses.

Keep in mind that Esso, Chevron and Shell are all owned by foreign companies – where as Petro Canada and Federated Coop are Canadian owned companies and in today’s global economic climate, have a greater importance on consumer loyalty.