**Alberta Gas Prices May Fall Below $1 Per Litre** Gas prices in Alberta have reached their lowest levels since 2021, with some stations offering fuel for as low as $1.01 per litre. On October 14, 2025, Dan Yu filled up his vehicle at an Esso station in Calgary, where prices were recorded at 101.9 cents per litre. Overall, the average price for regular gasoline in the province is approximately $1.20 per litre, according to data from Gas Buddy. Patrick de Haan, head of petroleum analysis at Gas Buddy, noted that Alberta is experiencing the largest price declines among Canadian provinces, with a drop of three and a half cents per litre from the previous week. In contrast, Vancouver has the highest average gas prices in Canada, at nearly $1.65 per litre. Ontario's major cities are also seeing higher prices, averaging at least $1.25 per litre. De Haan indicated that prices in Alberta could potentially dip below the one-dollar mark this winter. Currently, Edmonton's average price is over $1.19 per litre, while Calgary's is lower at $1.14 per litre. The decline in prices is largely attributed to persistently low oil prices in North America, which are trading below $60 a barrel. While cheaper gasoline is a relief for consumers, it poses challenges for the provincial government. Lower oil prices mean reduced royalties from the oil industry, which could create a budget shortfall. The province's budget assumes an average crude price of $63.75 per barrel for the 2025-26 fiscal year. The Canadian national average for gasoline has also decreased, dropping eight cents in the past month to around $1.32 per litre. This is 19 cents lower than the same time last year, when a consumer carbon tax was still in effect. De Haan explained that factoring in the carbon tax pause, prices are similar to last year's levels. Several factors are contributing to the decline in gas prices, including seasonal demand, lower oil prices, and the transition to winter-blended gasoline, which is cheaper to produce. Suzanne Gray, a senior research analyst with Kalibrate, emphasized that seasonal demand is the primary reason for the price drop. The last time gas prices were this low was during the pandemic in 2021. However, de Haan pointed out that prices were on the rise back then, unlike the current downward trend. In the spring of 2020, oil prices plummeted due to pandemic-related restrictions, but markets began to recover later that year. After the invasion of Ukraine by Russian troops, oil prices surged above $100 a barrel, contributing to significant inflation. Since then, prices have decreased, leading to lower pump prices. Alberta's proximity to the oilsands and its connections to U.S. markets are also factors in the lower gasoline prices. De Haan anticipates that prices may continue to decline over the next month or two. He expects that by the end of winter, some areas in Alberta could see prices in the double digits. Overall, the current trends suggest that Alberta residents may enjoy even lower gas prices in the coming months, providing some financial relief as they head into winter.