There are several factors that affect the prices at the pumps in Canada. Some prices might change day to day or pump to pump, or even province to province. It’s hard to keep up, but below is some basic information that can be used to understand the fuel prices at gas stations. The price at the pump for a litre of gasoline is calculated by the price of crude oil, the cost of refining that crude, marketing and distribution costs, taxes and, of course, profits to the seller (considering the people/company who extract the oil all the way to the pump with the end product). Prices vary from province to province due to the cost of transportation and taxes provincial and municipal. The amount of fuel a station can sell may also affect end price. Potentially, a station that sells more fuel and other products, may be able to offer their products at a lower price than a station that sells less fuel. A strategy that some gas station retail sites use is to offer food, car washes, pers...
We bring to you interesting notes on the automotive and transportation industry.