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4 days ago · 2024-10-16. 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.
May 24, 2022 · In the last year, gas prices have jumped by more than 50 per cent, pushing the cost of a litre to more than $2 in many parts of the country. At the same time, inflation — which is sitting at 6.8 ...
May 12, 2022 · Input your vehicle details, the price of gas and how many kilometres you drive into our calculator and instantly find out the cost of your trip. Nathan Griffiths, Vancouver Sun, Driving. Published ...
- Driving
May 15, 2024 · Here’s why gas prices go up and down—and how you can save money next time you fuel up your vehicle. ... In the summer of 2022, ... at $1.59 per litre (98.6 cents for gas and 60.5 cents tax ...
- General Statistics
- Location-Based Statistics
- Sellers and Distributors
1. The average gas station price in January 2022 was 144.4 cents per litre.
(Canadian Automobile Association) The average price fluctuates according to consumer demand and annual production levels. Even if these numbers seem steady for a while, they can undergo swift changes in a short span of time, depending on the circumstances. Wholesale gasoline and crude oil prices are treated in the same way as any other commodity. The inherent value that’s placed on these goods relies heavily on current market conditions as well as local demand and supply capacities. All of th...
2. Canadians generally pay less for gasoline than most countries in the world.
(Canadian Fuels Association) Based on data from June 2020, Canadians averaged about 102.9 cents per litre, which ranks among the lowest gas prices at the time. The United States follows closely behind with 74.5 cents, which is also an admirable feat. In contrast, the prices in some of the other leading countries globally show steady growth. Upon closer inspection, it’s easily noticeable that Italy is the clear frontrunner, with a whopping 210.7 cents, virtually doubling down on Canada’s stats...
3. Since May 2020, gas prices in Canada have steadily increased.
(Statista) Before the pandemic hit, the median gas price in February 2020 was 112.2 cents, a reasonable amount. Starting from the following month, these numbers plummeted fairly quickly, only to reach 77.8 cents in April. This drastic change is considered normal, given the circumstances and the sudden halt that all aspects of human life were brought to. The numbers started going up again in May of the same year, reaching a price point of 91.4 cents and continued the rising trend for months to...
6. Among Canadian provinces, British Columbia edges out in first place.
(Canadian Automobile Association) Not surprisingly, there’s no universal criterion when it comes to the price of gasoline in Canada. As of January 2022, British Columbia slithers into first place with an average of 162.6 cents while Newfoundland gas prices trail closely behind with 158.9 cents. Somewhat surprisingly, the most densely populated province of Ontario falls into fifth place with 143.4 cents. Meanwhile, Alberta occupies the final spot with a budget-friendly 136.1 cents per litre of...
7. Of all the major cities, Vancouver leads the pack, averaging 125.4 per litre.
(Canadian Fuels Association) The local pump price for a litre of gas in Canada is greatly influenced by consumer demand, sales volume and market size, as well as the number of competitors found in the area. While Vancouver tops the chart, Halifax can be found at the opposite end of the spectrum with 92.5 cents for each litre of gas. In between, you’ll notice a range of prices in different cities. Gas prices in Toronto average at 99.9 cents whereas in Montreal gas is available for 106.4 cents.
8. Parkland Fuel leads the market share of distributors with 15.4%.
(Canadian Fuels Association) Parkland fuel has retained a strong presence in the gasoline marketplace in Canada, practically cementing its presence in the industry. Suncor Energy comes in second place with a respectable 10.6% whereas Couche-Tard stands at 9.6% in third place. When taking a look at the lower end of the scale, Greenergy Fuels and Filgo-Sonic fall short with 2.1% and 2.4%, respectively.
9. Marketing and distribution costs make up 7% of the retail pump price.
(Canadian Fuels Association) Canada boasts a complex distribution network to get fuels out of refineries and into product terminals. This process can be achieved through pipelines, ships, rails and trucks, depending on the area. Once the fuel has arrived at product terminals, it’s then shipped out to retail outlets and other wholesale distributors. Only then can customers gain access to the fuel they need for transportation. The resources necessary to fund the distribution across the country...
How much gas do Canadians consume? According to Natural Resources Canada, on average, Ontario and Quebec account for about 55 percent of the gasoline consumed in Canada. The western provinces account for about 36 percent, while the remaining 9% is consumed in the Atlantic provinces and the Territories.
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The Consumer Price Index (CPI) rose 3.4% on an annual average basis in 2021, the fastest pace since 1991 (+5.6%). This occurred as a result of multiple factors including global supply chain constraints and pent-up consumer demand amid reopening of the economy. Canadian consumers were confronted with higher prices in 2021, including for everyday ...
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