Why are gas prices high despite low oil barrel cost?

The price of crude oil is a significant factor influencing gasoline prices at the pump in Canada, but it's not the only determinant. Factors such as refining costs, taxes, distribution and marketing expenses, retail competition, and currency exchange rates also play crucial roles in shaping the final price of gasoline. Although there is a general correlation between oil barrel prices and gas prices, this relationship is not always direct or immediate due to these additional factors. Recent trends show that even when oil prices are lower, gas prices at the pump may not decrease proportionally, leading to concerns among Canadians about the roles of oil companies and governments in pricing. However, the dynamics of gas pricing are complex and influenced by various global and local factors. Understanding these factors can provide a clearer picture of why gas prices fluctuate and how they relate to the global oil market.

Tomorrow's Gas Price for Hamilton

This is an accurate source of gas price predictions for Hamilton. We also include Hamilton's gas price history, as well as the weather forecast and trending news for the area.

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Hamilton

Tuesday - May 5, 2026
Regular
188.9 (n/c)
Premium
218.9 (n/c)
Diesel
205.9 (n/c)
Monday - May 4, 2026
Regular
188.9 (n/c)
Premium
218.9 (n/c)
Diesel
205.9 (n/c)

Current Average Price
$1.889(Reported at: May 3, 2026 06:20)
$1.909 (Reported: May 2, 2026 18:20)
$1.909 (Reported: May 2, 2026 06:21)
$1.899 (Reported: May 1, 2026 18:20)
$1.899 (Reported: May 1, 2026 06:20)

News Headlines

Via Google News

Hamilton Weather

Sunday May 3, 2026, 9:48 am

8°C

Feels like
5°C

Broken Clouds

Min: 2 °C

Max: 14 °C

Pressure: 1014 hPa

Dew Point: 0.28

UV Index: 2.79

Humidity: 60%

Wind: 4.12 m/s

Sunrise: 5:09 am

Sunset: 7:22 pm

Cloud Cover: 75%

Visibilty: 10000 m

Future Forecast:

Mon
May 4
19°C
9°C
Humidity: 62 %
Wind: 8.61 km/h
Clouds: 82
Tue
May 5
14°C
8°C
Humidity: 73 %
Wind: 6.48 km/h
Clouds: 100
Wed
May 6
13°C
7°C
Humidity: 72 %
Wind: 5.44 km/h
Clouds: 100
Thu
May 7
11°C
5°C
Humidity: 57 %
Wind: 7.01 km/h
Clouds: 100
Fri
May 8
13°C
3°C
Humidity: 43 %
Wind: 5.69 km/h
Clouds: 88

About Hamilton's' Gas Price Predictions

Here you will find tomorrow’s gas price for Hamilton, Canada. Find out when you should fill up and what your gas or diesel is going to cost you.

These are gas price predictions, but are highly accurate and based on the 30+ years of energy industry knowledge and wisdom of The Honourable Dan McTeague, former Member of Parliament and current president of .