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Get in touch with us nowCanada: average retail price for regular, unleaded gasoline 2015-2022
The average retail price for regular, unleaded gasoline at self-service stations in Canada was 156.8 Canadian cents per liter in February 2022, marking an all-time high for the time period under consideration. Prices saw an all-time low of 77.8 dollars per liter in April 2020.
Why do gas prices fluctuate?
Crude oil prices, along with changing levels of consumer demand, are the two main factors which directly affect retail gasoline prices. Prices can witness a rapid increase or decrease if something impacts crude oil supplies, refinery operations or pipeline deliveries. Even if crude prices remain steady, seasonal changes in demand can still affect prices.
Price breakdown
Gasoline prices are made up of a number of different costs. In 2017, the average cost per liter was 114.6 Canadian cents. In that year, crude cost accounted for the largest portion of the average price of gasoline in Canada, totaling some 43.4 Canadian cents per liter. Refining and marketing costs ranked in second place, contributing around 31.3 Canadian cents per liter. Other contributors were provincial and federal taxes. Together, these costs contribute to gasoline station retail sales, which totaled around 64 billion Canadian dollars in 2021. Retail sales of gasoline stations increased by 36.4 percent in 2021 in comparison to the previous year.
Why do gas prices fluctuate?
Crude oil prices, along with changing levels of consumer demand, are the two main factors which directly affect retail gasoline prices. Prices can witness a rapid increase or decrease if something impacts crude oil supplies, refinery operations or pipeline deliveries. Even if crude prices remain steady, seasonal changes in demand can still affect prices.
Price breakdown
Gasoline prices are made up of a number of different costs. In 2017, the average cost per liter was 114.6 Canadian cents. In that year, crude cost accounted for the largest portion of the average price of gasoline in Canada, totaling some 43.4 Canadian cents per liter. Refining and marketing costs ranked in second place, contributing around 31.3 Canadian cents per liter. Other contributors were provincial and federal taxes. Together, these costs contribute to gasoline station retail sales, which totaled around 64 billion Canadian dollars in 2021. Retail sales of gasoline stations increased by 36.4 percent in 2021 in comparison to the previous year.
