GasBuddy.com says fuel prices have been falling in Alberta. (Photo: Korzeniewski | Dreamstime.com)

By David Opinko

Alberta gas prices trending down, a few stations at $1/L

Oct 16, 2025 | 12:27 PM

Drivers in Alberta can expect to pay a bit less for gasoline, at least in the short term.

Patrick De Haan, head of petroleum analysis for GasBuddy.com, says that while it is rare, a few gas stations in the province are selling gas for around one dollar per litre.

“That is something we haven’t seen since 2021, kind of as we were coming out of the pandemic. Those low prices disappeared, but now, they are re-emerging,” says De Haan.

The Alberta average for regular unleaded fuel, as of Oct. 15, is 120.2 cents per litre (c/L). That is down by nine cents over the last month and down by 25.5 cents compared to the same time one year ago.

On a community-wide basis, Whitecourt in northern Alberta is currently selling the cheapest gas in the province at an average of 113.9 c/L.

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A selection of prices in other Alberta communities includes:

• Calgary: 119.1 c/L
• Edmonton: 119.2 c/L
• Fort McMurray: 125.9 c/L
• Grande Prairie: 124.9 c/L
• Lethbridge: 118.9 c/L
• Medicine Hat: 125.9 c/L
• Red Deer: 119.9 c/L

Fuel prices in Lethbridge, currently sitting at 118.9 c/L, have decreased by an average of 27 cents over the last year, but just by 2.9 cents in the last month.

That is the lowest average price recorded so far this year.

Monthly price trends for gas in Lethbridge. (Photo: GasBuddy.com)

De Haan says prices could decrease by another five to 10 cents per litre at most, but it is unclear how long that might last.

“I do think we’ll continue to see a little bit of downward movement here, but keep in mind, if it’s a normal year, gas prices do tend to bottom out between November and December, so we might not go a whole lot lower than we are today,” De Haan explains.

He says there are several factors as to why gas prices in Alberta have been decreasing in recent months.

Part of it is due to the normal seasonal changeover to cheaper gas in the winter, as well as the demand for fuel declining once the summer break comes to an end.

Concerns for the potential of a trade war between the U.S.A. and China, De Haan adds, are also impacting gas prices.

Another factor is that the Organization of the Petroleum Exporting Countries (OPEC) has been increasing oil production for most of this year.

You can take an in-depth look at gas prices in Canada at GasBuddy.com