Info on how fuel prices are set in Canada
No hating just the facts..
For people complaining about high fuel prices in Canada this explains all
From CBC news
No matter where they originate, oil products are priced in U.S. dollars. And the Canadian dollar has been the worst performing major currency against the U.S. this year — which may actually mean more money for Canadian oil companies when they convert those U.S. dollars back into loonies, but it's definitely not good news for gas buyers at the pumps
Prices in Canada aren't established in Canada; they're made in the U.S.," says Roger McKnight, chief petroleum analyst with En-Pro. "So whatever happens to the wholesale price in the U.S. automatically hiccups into Canada."
:p
https://retail.petro-canada.ca/en/fuelsavings/gas-price-faqs.aspx
https://www.shell.ca/en_ca/motorists/understanding-fuel-pricing.html
http://www.competitionbureau.gc.ca/eic/site/cb-bc.nsf/eng/02926.html
For people complaining about high fuel prices in Canada this explains all
From CBC news
No matter where they originate, oil products are priced in U.S. dollars. And the Canadian dollar has been the worst performing major currency against the U.S. this year — which may actually mean more money for Canadian oil companies when they convert those U.S. dollars back into loonies, but it's definitely not good news for gas buyers at the pumps
Prices in Canada aren't established in Canada; they're made in the U.S.," says Roger McKnight, chief petroleum analyst with En-Pro. "So whatever happens to the wholesale price in the U.S. automatically hiccups into Canada."
:p
https://retail.petro-canada.ca/en/fuelsavings/gas-price-faqs.aspx
https://www.shell.ca/en_ca/motorists/understanding-fuel-pricing.html
http://www.competitionbureau.gc.ca/eic/site/cb-bc.nsf/eng/02926.html
