Search results
- This increase typically causes gasoline prices to rise in the summer, though changes to crude oil prices can also influence the price of gasoline. During the summer of 2019, gasoline prices averaged $1.26 per litre, lower than gasoline prices in the summer of 2018, when they averaged $1.36 per litre.
www.cer-rec.gc.ca/en/data-analysis/energy-markets/market-snapshots/2019/market-snapshot-canadas-gasoline-prices-in-summer-2019-were-lower-than-summer-2018.htmlMarket Snapshot: Canada’s gasoline prices in summer 2019 were ...
People also ask
How much does a litre of gasoline cost in Canada?
When did gas prices increase in Canada?
How does the Canadian summer driving season affect gasoline prices?
How much does fuel cost in Canada?
Nov 13, 2019 · During the summer of 2019, gasoline prices averaged $1.26 per litre, lower than gasoline prices in the summer of 2018, when they averaged $1.36 per litre. Over the longer term, gasoline prices generally track the changing price of crude oil.
Comparison of US and Canadian cities is done using recent currency exchange rates and uses the conversion factor of 1 US gallon being equal to 3.78 liters. For simple plotting of US cities use dollars per gallon ($/G) and for simple plotting of Canadian cities use cents/liter (c/L).
- 1 Fuel Price Update Synopsis
- 2 Fuel Prices
- 3 Impact of Fuel Prices on Reimbursement Rates
Corporate Fleet Services (CFS) has been mandated by the Treasury Board of Canada Secretariat to perform the Annual evaluation of per-kilometre Reimbursement Rates for government employees that are required to use their personal vehicles while performing government business. Furthermore, the periodic impact of varying fuel prices was to be evaluated...
2.1 Energy market context
While global oil prices were steadily increasing in March and April, they lost most of their gains during the month of May. The West Texas Intermediate (WTI) increased from about $56 USD per barrel in early March to over $66 USD per barrel towards the end of April. The price then stabilized and remained between $60 and $63 USD per barrel, but receded below $55 USD per barrel at the end of the month. The Brent price followed the same pattern increasing from about $65 USD per barrel to nearly $...
2.2 Gasoline prices across Canada
During the period from March to May 2019, like every spring, gasoline prices exhibited an upward trend. This is driven by three main factors: the switch to summer-grade fuel, refinery maintenances as well as an increased demand due to the approaching summer driving season. As a portion of the gasoline sold in Canada comes from U.S. refineries, market conditions in the U.S. have a significant impact on Canadian fuel prices. This spring, the demand for gasoline in the U.S. has been very robust...
2.3 Sales taxes
For the current Update research was performed to see if there were any relevant changes to Federal and Provincial sales taxes that could have an immediate impact on the Reimbursement Rates. On March 7th, 2019 as part of the 2019-2020 budget, Manitoba’s government announced that the provincial sales tax (PST) will be reduced from 8% to 7% effective July 1st, 2019. In light of this, the Reimbursement Rates for the province of Manitoba were calculated using the new 7% PST, since at the time of p...
3.1 Fuel consumption
In calculating the fuel costs contribution to the total vehicle operating costs, the methodology employed in the Annual Report was strictly adhered to. Fuel consumption for every vehicle model in the study was thus combined with average prices per Province or Territory to determine the fuel portion of operating costs, based on an average of 20,000 kilometres per year.
3.2 Updated Reimbursement Rates
For comparison, the following table provides updated Travel and Commuting Rates, as well as rates previously calculated for the November 2018 Annual Report (for publication on January 1st, 2019) and the February 2019 Fuel Update (for publication on April 1st, 2019): Current Fuel Update Reimbursement Schedule (in dollars per kilometre) Note: All figures were rounded up to the nearest half-cent. The impact of gasoline prices on the Reimbursement Rates was moderate for the present Fuel Update. I...
May 21, 2024 · Monthly average retail prices for gasoline and fuel oil for Canada, selected provincial cities, Whitehorse and Yellowknife. Prices are presented for the current month and previous four months. Includes fuel type and the price in cents per litre.
|. Apr 11 2019, 9:19 pm. Petro-Canada / Shutterstock. Gas prices in Canada are about to surge in the next few days as a result of the impending change to summer gasoline. Motorists in Ontario, Quebec, Newfoundland and the Maritimes will be hit the hardest, according to GasBuddy.
Forecast. Download. Gasoline Prices in Canada increased to 1.29 USD/Liter in April from 1.22 USD/Liter in March of 2024. Gasoline Prices in Canada averaged 1.00 USD/Liter from 1992 until 2024, reaching an all time high of 1.59 USD/Liter in June of 2022 and a record low of 0.41 USD/Liter in December of 1998. source: Natural Resources Canada.
May 13, 2019 · Gasoline prices rise every spring due to factors including the higher cost of making summer gasoline — which requires an extra four or five cents per litre for additives to prevent evaporation — and supply interruptions as refineries shut down for routine maintenance, the analysts said.
