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free_radical
Explorer
Jun 25, 2018

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