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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]
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).
The price of gasoline and diesel fuel are based on the price on the New York Mercantile Exchange as a benchmark in Canadian funds. This plus a 6 cent per litre wholesale margin, plus a transportation allowance of 0.5 to 2 cents per litre, and a retail margin of 4 to 5.5 cents per litre (or to a maximum of 7.5 cents per litre for full-serve gasoline).
Gas prices within the last 10 years highlight how volatile the market can be. When looking at historical data, gas prices were the same in 2011 as they were in 2023 — $3.52 per gallon.
IRAC petroleum regulators determine a "wholesale price" or "Approved Dealer Base Price" based on commodity prices usually derived from the NYEX. IRAC petroleum regulators then sets a "tank truck price" which includes Federal Excise Tax (10¢/L for gasoline and 6¢/L for diesel , as well as the provincial petroleum tax (13.1¢/L for gasoline and ...
Individual filling stations in the United States have little if any control over gasoline prices. [citation needed] The wholesale price of gasoline is determined according to area by oil companies which supply the gasoline, and their prices are largely determined by the world markets for oil. Individual stations are unlikely to sell gasoline at ...
source for market cap, [4] source for profit. Data rounded to nearest million. . By market cap, Crescent Point Energy is the largest Canadian oil company never to make the global 500 list, according to Forbes ; Encana, Talisman Energy last made the Fortune 500 list in June 2011; Cenovus Energy dropped out December 2013.; CNRL 2013 annual production was estimated to be 671,162 bbl (106,706.2 m ...
Ultramar had 983 service stations, 87 truck stop facilities and 169,000 home heating oil customers. [citation needed]It directly employed 3,600 people and indirectly employed 10,000.