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The Government of Canada collects about $5 billion per year in excise taxes on gasoline, diesel, and aviation fuel [21] as well as approximately $1.6 billion per year from GST revenues on gasoline and diesel (net of input tax credits).
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
There is a myth perpetuated in Canadian media that Canadian WCS oil producers will have better access to “international prices” with greater access to tidewater, [59] however, this claim does not take into account existing access. Shipments to Asia reached their peak in 2012 when the equivalent of nine fully loaded tankers of oil left ...
Diesel fuel prices are rising. That could pose a problem for retailers going into the the fall months. Rising diesel prices a 'hidden tax' on consumers as energy stokes inflation worries [Video]
Autotrader said the average price of a new vehicle in Canada reached $54,048 in May, a 17.3 per cent increase from last year.
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Tombe estimated the impact of the carbon tax on the 3 "most carbon-intensive consumer purchases". He estimated an increase in the price of gasoline of c. 6.7 cents per litre when the CA$30 a tonne tax came into effect. Natural gas prices would increase by about $1.50 /GJ. [20] "[L]ow to middle-income households" would "receive compensation". [20]
The budget assumes an average North American oil futures price of $75.75 per barrel during its fiscal year, generating C$867.5 million in royalties. ($1 = 1.2558 Canadian dollars)