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The national average gasoline price was around $3.25 a gallon Wednesday, down from $3.31 a week ago and $3.45 a month ago. The decline in prices is typical for the early fall, said DeHaan ...
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]
Most of the Canadian petroleum production is exported, approximately 600,000 cubic metres per day (3.8 Mbbl/d) in 2019, with 98% of the exports going to the United States. [1] Canada is by far the largest single source of oil imports to the United States, providing 43% of US crude oil imports in 2015. [2]
The Canadian Crude Oil Index (CCI) serves as a benchmark for oil produced in Canada. [1] It allows investors to track the price, risk, and volatility of the Canadian commodity. [1] The CCI was launched by Auspice Capital Advisors in 2014. [2] The Index moved from a day end posting to live in January 2016. [1]
While producer prices in the U.S. increased by more than expected rising by 3.5% year over year, it was pulled down by natural gas prices which are lower on a year over year basis.
Prices consolidate but the trend remains downward. For premium support please call: 800-290-4726 more ways to reach us
Tax revenues. 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 Canada Revenue Agency, a part of the government, collects these taxes.
The U.S. Energy Information Administration began this year with a prediction that both 2023 and 2024 would usher in declines in gas prices. At that time, the government entity forecasted an ...