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Apr 18, 2024 · Gas prices were up as much as 22 cents in some parts of Canada on Thursday. Here's where motorists were feeling the most pinch at the pumps, and why.
- Gas prices rise across Canada, data shows. How can you save ...
Average gas prices across Canada have risen significantly in...
- Gas prices rise across Canada, data shows. How can you save ...
May 15, 2024 · Why is gas so expensive in Canada? Here’s why gas prices go up and down—and how you can save money next time you fuel up your vehicle. Image by Freepik. If you’ve been feeling...
- What's The Main Contributor to High Gas Prices?
- What About Taxes?
- Are Gas Stations Making A Lot of Money?
- Is More Oil Being Produced to Increase Supply?
- How Are Oil Companies Faring?
- Will Gas Prices Fall Anytime Soon?
The price of gas can be broken down to four components: the price of crude oil, the cost to refine it into gasoline, the markup from the gas station owner and, of course, taxes. The primary driver of high gas and diesel prices is the price of crude oil, a barrel of which now costs 75 per cent more than it did in May 2021. "That is the overwhelmingl...
There are several taxes levied on gasoline, both at the federal and provincial levels. The federal carbon tax adds 11 cents to the cost of each litre of gas, a figure that's drawn criticism as fuel becomes more expensive. "It … engenders a lot of political anger from people, because it's another tax," said David Detomasi, an associate professor of ...
When you fill up your vehicle, you might be under the illusion that gas stations are making lots of money. But retailers keep very little of what you pay at the pump. In fact, they're making less profit on every fill up today than they were a year ago. Retailers currently add, on average, 6.9 cents to the price of a litre of gas, down from an avera...
American oil companies have increased their drilling activity by nearly 60 per cent over the last year, according to a closely watched weekly count of rigs in operation conducted by oil services firm Baker Hughes. In Canada, drilling activity in April was up 134 per cent compared to a year ago, according to Alberta'sMinistry of Treasury Board and F...
Oil companies are seeing their profits spike alongside gas prices. Shell's profits last quarter tripled in comparison to the same period last year, raking in $9.1 billion. Saudi Aramco, Saudi Arabia's primarily state-owned oil company, has seen its profits rise by 82 per cent, netting nearly $40 billion. But Tombe said high profits are a function o...
Gas prices are historically volatile and difficult to predict, the economist said. They also tend to be cyclical in nature, meaning they rise during economic booms and fall during downturns. At the start of the pandemic, for example, gas prices fell dramatically to a low of 78 cents a litre, leading oil producers to slow production. In the short-te...
Jan 28, 2022 · The price of gas continues to go up in Canada and, in some regions, is breaking records. The two-day average price at the pump per litre has gone up in Ontario, Quebec, New Brunswick,...
May 20, 2022 · CTVNews.ca spoke to experts about what goes into the price of gas, the effect of refinement on high prices, concerning trends around diesel, and how costs could dissuade consumers from driving...
Mar 18, 2024 · Average gas prices across Canada have risen significantly in March, according to data from GasBuddy released Monday, and Toronto saw some of the steepest increases.
Aug 16, 2023 · Inflation has increased, according to Statistics Canada, and gas prices are at least partly to blame. Here's why gas could be costing Canadians more over the next few months.
