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Gas prices to spike 'at least 10% overnight' under Trump's tariffs, expert saysン
Gas prices to spike 'at least 10% overnight' under Trump's tariffs, expert says
Upset woman refueling the gas tank at fuel pump
The nationwide average price for regular fuel dipped 0.1 cents per litre between Jan. 23 and Jan. 30. · DjordjeDjurdjevic via Getty Images

Gas prices were virtually flat across most Canadian cities over the past week, according to data from Kalibrate. Of course, the pause could be short-lived. Saturday is the earliest date given by U.S. President Donald Trump to hit Canadian imports with a 25 per cent tariff.

The nationwide average price for regular fuel dipped 0.1 cents per litre between Jan. 23 and Jan. 30. The biggest increases were in Abbotsford, B.C., and Edmonton. The weekly discounts were largest in Winnipeg, and Sarnia, Ont.

Trump's tariffs against Canada and Mexico could begin on March 1, Reuters reported on Friday, citing unnamed sources familiar with White House planning. On Thursday, Trump said he would soon decide whether to exclude Canadian and Mexican oil imports from the 25 per cent tariff he's vowed to impose. Economists and industry experts have warned such a move would send gas prices soaring on both sides of the border.

"Applying a 25 per cent tariff on this crude will increase pump prices by at least 10 per cent. Not next month. Not next week, but overnight," En-Pro International chief petroleum analyst Roger McKnight wrote in a blog.

On Wednesday, the Bank of Canada said its scenario-based analysis found Trump's tariffs would cause a 2.5 percentage point hit to average annual GDP growth in the first year.

Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city.

(All figures in CAD cents)

Location

Jan. 23

Jan.30

Price Change

Canada Average (V)

160.3

160.4

0.1

WHITEHORSE

179.9

179.9

0

VANCOUVER*

182

186

4

VICTORIA

179.9

179.9

0

PRINCE GEORGE

162.6

161.2

-1.4

KAMLOOPS

167

167

0

KELOWNA

167.1

164.9

-2.2

FORT ST. JOHN

171.7

169.4

-2.3

ABBOTSFORD

164.5

173

8.5

YELLOWKNIFE

162.9

162.9

0

CALGARY*

149.3

150.6

1.3

RED DEER

149.7

147.9

-1.8

EDMONTON

143.1

147.6

4.5

LETHBRIDGE

151

147.4

-3.6

LLOYDMINSTER

149.9

149

-0.9

GRANDE PRAIRIE

153.1

149.5

-3.6

REGINA*

151.8

151

-0.8

SASKATOON

151.9

151.9

0

PRINCE ALBERT

150.9

151.4

0.5

MOOSE JAW

151.9

151.9

0

WINNIPEG *

155.9

147.8

-8.1

BRANDON

144.4

143.1

-1.3

CITY OF TORONTO*

155.8

155.8

0

BRAMPTON

155.3

155.5

0.2

ETOBICOKE

155

155.1

0.1

MISSISSAUGA

154.5

154

-0.5

NORTH YORK

155.8

155.7

-0.1

SCARBOROUGH

155.2

155.3

0.1

VAUGHAN/MARKHAM

155.6

155.2

-0.4

OTTAWA

155.5

156.3

0.8

KINGSTON

149.7

147

-2.7

PETERBOROUGH

156

150.8

-5.2

WINDSOR

154.9

154.6

-0.3

LONDON

155.7

155.4

-0.3

SUDBURY

153.4

152.7

-0.7

SAULT STE MARIE

149.4

149.4

0

THUNDER BAY

157.5

153.6

-3.9

NORTH BAY

163.3

159.7

-3.6

TIMMINS

167.6

164.7

-2.9

HAMILTON

154.1

152.8

-1.3

ST. CATHARINES

153.2

151.9

-1.3

BARRIE

154.4

154.4

0

BRANTFORD

153.2

153.8

0.6

GUELPH

154.3

154.1

-0.2

KITCHENER

153.2

152.7

-0.5

OSHAWA

155.4

155.5

0.1

SARNIA

153.9

147.7

-6.2

MONTRÉAL*

163.4

162.4

-1

QUÉBEC

161.7

160.3

-1.4

SHERBROOKE

162

161

-1

GASPÉ

162.7

162.4

-0.3

CHICOUTIMI

143.7

142.6

-1.1

RIMOUSKI

159.4

155.4

-4

TROIS RIVIÈRES

161.1

159

-2.1

DRUMMONDVILLE

152.7

149.9

-2.8

VAL D'OR

165.6

165.6

0

GATINEAU

151.4

149.4

-2

SAINT JOHN*

163.7

165

1.3

FREDERICTON

164.1

165.6

1.5

MONCTON

164.4

165.8

1.4

BATHURST

164.2

165.1

0.9

EDMUNDSTON

163.3

164.8

1.5

MIRAMICHI

165.5

167.1

1.6

CAMPBELLTON

163.9

161.9

-2

SUSSEX

164

165.5

1.5

WOODSTOCK

165.4

167

1.6

HALIFAX*

166.2

165.3

-0.9

SYDNEY

168.1

167.3

-0.8

YARMOUTH

167.2

166.4

-0.8

TRURO

167.3

166.5

-0.8

KENTVILLE

166.7

165.9

-0.8

NEW GLASGOW

167.3

166.5

-0.8

CHARLOTTETOWN*

175

175

0

ST JOHNS*

172.9

169.9

-3

GANDER

175.5

172.5

-3

LABRADOR CITY

179.6

176.6

-3

CORNER BROOK

173.7

170.7

-3

GRAND FALLS

175.5

172.5

-3

Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city.

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