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- The energy index rose 5.6% in August from the prior month, a sharp re-acceleration from a 0.1% increase in July, as oil prices rallied and prices at the pump hit 2023 highs. The gasoline index saw the biggest price increase among the energy components, with a 10.6% rise in August on a monthly basis, following a 0.2% increase in July.
finance.yahoo.com/news/gas-prices-surged-in-august-amid-oils-supply-crunch-132800277.html
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Nov 27, 2023 · Gasoline prices fall almost every year between August and November. While the price of crude is one of the most important underlying factors for falling gasoline prices, there are other...
- Refinery Shutdowns
- 'The Market Is So Tight'
- Gas Tax Relief Set to Expire
The Phillips 66 refinery in Ferndale, Wash., was shut down for maintenance earlier this month, taking about 65,000 barrels a day worth of gasoline offline. "B.C and Vancouver import every last barrel of gasoline and diesel from [that] region of the United States," said Vijay Muralidharan, an energy analyst with R Cube Economic Consulting Inc. "When...
Prices in oil-rich Alberta are always lower than they are in the rest of the country, but pump prices in the province's two biggest cities jumped from below $1.50 a litre on Thursday to more than $1.60 on Friday. Prices in Alberta are up by about 10 per cent in the past week versus about 20 per cent in B.C. Thunder Bay's jump is directly impacted b...
When prices spiked earlier this year, many provinces moved to offer consumers some relief at the pumps by cutting gasoline taxes temporarily. Those cuts are slated to end soon, which will be another factor pushing up prices. Alberta's fuel tax is normally 13 cents per litre but the province slashed that figure to zero during the crunch earlier this...
Aug 17, 2022 · As of the week ending Aug. 15, the average price was almost $3.94. That’s more than $1 less than the high point of $5.01 in the second week of June, but still over 76 cents more than the...
Sep 13, 2023 · Energy prices, specifically gasoline, were the biggest culprit of August's hotter than expected inflation print. The Bureau of Labor Statistic's Consumer Price Index (CPI) rose 3.7% on...
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Sep 6, 2024 · The average gasoline price in Canada was 152.1 cents per litre Friday morning, according to price tracking website GasBuddy.com. That’s down more than 10 cents from the average price in August, and more than 14 cents from one year ago. Gasoline prices rise and fall with the global price of crude oil, which has fallen more than US$7 per barrel ...
Aug 12, 2021 · The 2Q21 crude price rally lost steam in July on fears that new Covid-19 Delta cases and weaker economic indicators could slow the oil demand recovery just as more supply hit the market. Despite big swings, North Sea Dated still rose $2.03/bbl to $74.99/bbl but fell to $70.73/bbl in early August.
Nov 7, 2022 · The Raw Material Price Index for crude oil and bitumen was down in August from the previous month, although still up 44.7% from August 2021, as the ongoing war in Ukraine and recent decisions by OPEC to cut global production contributed to higher crude oil prices in the world market.
