The average retail price for regular, unleaded gasoline at self-service stations in Canada was 167.6 Canadian cents per liter in May 2024. This was a decrease compared to the previous month and reflected lower crude oil prices. Canada's gasoline prices are generally higher than those in the United States, but lower than in many European countries.
Why do gasoline prices fluctuate?
Crude oil prices, along with changing levels of consumer demand, are the two main factors which directly affect retail prices of motor fuels. Prices can witness a rapid increase or decrease depending on impacts on crude oil supplies, refinery operations, or pipeline deliveries. Even if crude prices remain steady, seasonal changes in demand can still affect retail prices. As a large oil producer, Canada's motor fuel prices are closely linked to its benchmark Western Canadian Select crude oil price.
Canada's fuel station industry
Motor fuel is primarily sold via nearly 12,000 retail gasoline stations spread across the country. In 2022, retail sales of gasoline stations in Canada reached a new peak of 82.78 billion Canadian dollars.
Monthly retail price of regular, unleaded gasoline in Canada from May 2022 to May 2024
(in Canadian cents per liter)
Characteristic
Average retail price in Canadian cents pet liter
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StatCan. (June 25, 2024). Monthly retail price of regular, unleaded gasoline in Canada from May 2022 to May 2024 (in Canadian cents per liter) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/444194/average-retail-price-for-regular-unleaded-gasoline-in-canada/
StatCan. "Monthly retail price of regular, unleaded gasoline in Canada from May 2022 to May 2024 (in Canadian cents per liter)." Chart. June 25, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/444194/average-retail-price-for-regular-unleaded-gasoline-in-canada/
StatCan. (2024). Monthly retail price of regular, unleaded gasoline in Canada from May 2022 to May 2024 (in Canadian cents per liter). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/444194/average-retail-price-for-regular-unleaded-gasoline-in-canada/
StatCan. "Monthly Retail Price of Regular, Unleaded Gasoline in Canada from May 2022 to May 2024 (in Canadian Cents per Liter)." Statista, Statista Inc., 25 Jun 2024, https://www.statista.com/statistics/444194/average-retail-price-for-regular-unleaded-gasoline-in-canada/
StatCan, Monthly retail price of regular, unleaded gasoline in Canada from May 2022 to May 2024 (in Canadian cents per liter) Statista, https://www.statista.com/statistics/444194/average-retail-price-for-regular-unleaded-gasoline-in-canada/ (last visited July 22, 2024)
Monthly retail price of regular, unleaded gasoline in Canada from May 2022 to May 2024 (in Canadian cents per liter) [Graph], StatCan, June 25, 2024. [Online]. Available: https://www.statista.com/statistics/444194/average-retail-price-for-regular-unleaded-gasoline-in-canada/