Average gasoline prices increased between December 19 and December 20, 2022, reaching ***** Canadian cents per liter. This reflects the uncertainty the crude oil market faces as economic sanctions are taken against Russia after its invasion of Ukraine on February 24. Retail price for regular gasoline in the country had increased throughout the past years.

The average retail price for regular, unleaded gasoline at self-service stations in Canada was ***** Canadian cents per liter in September 2025. This was a decrease compared to the previous month. Canada's gasoline prices are generally higher than those in the United States but lower than in many European countries. Why do gasoline prices fluctuate? Crude oil prices, along with changing levels of consumer demand, are the two main factors that directly affect retail prices of motor fuels. Prices can witness a rapid increase or decrease depending on impacts on crude oil supplies, refinery operations, or pipeline deliveries. Even if crude prices remain steady, seasonal changes in demand can still affect retail prices. As a large oil producer, Canada's motor fuel prices are closely linked to its benchmark Western Canadian Select crude oil price. Gasoline refining capacities As of January 2024, the global gasoline refining capacity amounted to *** million barrels per day. The United States and Canada were the region with the largest gasoline refining capacity at *** million barrels per day. Much of this refining capacity is located in the United States, specifically.

Monthly average retail prices for gasoline and fuel oil for Canada, selected provincial cities, Whitehorse and Yellowknife. Prices are presented for the current month and previous four months. Includes fuel type and the price in cents per litre.

Gasoline Prices in Canada increased to 1.02 USD/Liter in November from 1 USD/Liter in October of 2025. This dataset provides the latest reported value for - Canada Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gasoline fell to 1.86 USD/Gal on December 2, 2025, down 0.53% from the previous day. Over the past month, Gasoline's price has fallen 2.79%, and is down 4.95% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on December of 2025.

The global fuel energy price index stood at 157.89 index points in September 2025, up from 100 in the base year 2016. Figures decreased that month due to a fall in natural gas prices. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Tariffs bring economic uncertainty With the global economy having adjusted to the effects of the Russia-Ukraine war, new uncertainty has emerged due to tariffs imposed by the Trump administration. If these tariffs are fully implemented, global trade could be significantly disrupted, mainly the bilateral trade between the world’s two largest economies. In 2025, import tariffs between China and the United States exceeded 130 percent on both sides, while their tariffs on imports from the rest of the world were around 10 percent. U.S. tariffs on Chinese imported goods reached a high of 134.7 percent in April of that year, while China imposed a 147.6 percent tariff on U.S. goods. Early estimates indicate that the impact of Trump’s proposed tariffs on the U.S. economy could amount to 0.4 percent of GDP, mainly driven by the reduced trade with Mexico, Canada and China.

Natural gas rose to 4.94 USD/MMBtu on December 3, 2025, up 2.04% from the previous day. Over the past month, Natural gas's price has risen 13.71%, and is up 62.29% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on December of 2025.

By June 2023, the Consumer Price Index of gasoline had reached 234.7 in Canada. This represented an increase of 41 points compared to June 2021. The province with the highest CPI for gasoline in June 2023 was British Columbia. The Consumer Price Index (CPI) is an instrument for measuring inflation. It estimates the average change in the prices of products consumed by households between two given periods and is based on the observation of a fixed basket of goods and services. In 2022, the average inflation rate in Canada was approximately 6.8 percent compared to the previous year.

Natural Gas: Alberta Market Price data was reported at 2.366 CAD/GJ in Nov 2025. This records an increase from the previous number of 1.248 CAD/GJ for Oct 2025. Natural Gas: Alberta Market Price data is updated monthly, averaging 1.890 CAD/GJ from Jan 2012 (Median) to Nov 2025, with 167 observations. The data reached an all-time high of 6.860 CAD/GJ in Jun 2022 and a record low of 0.695 CAD/GJ in Sep 2024. Natural Gas: Alberta Market Price data remains active status in CEIC and is reported by Canadian Gas Association. The data is categorized under Global Database’s Canada – Table CA.P: Natural Gas Price.

Natural gas in the Alberta hub region in Canada stood at **** U.S. dollars per million British thermal unit in 2021, an increase of around ** percent when compared to the previous year. During the period in consideration, figures presented a trend of decline, despite some oscillation. Overall, Canadian natural gas prices decreased by **** U.S. dollars per million British thermal unit, peaking in 2008 at nearly ***** U.S. dollars per million British thermal unit.

The average monthly price for natural gas in the United States amounted to *** nominal U.S. dollars per million British thermal units (Btu) in October 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over ** U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than ** percent between 2021 and 2024. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2024, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

United States Natural Gas Exports: Average Price: Pipeline: Canada data was reported at 2.860 USD/1000 Cub ft in Aug 2018. This records an increase from the previous number of 2.830 USD/1000 Cub ft for Jul 2018. United States Natural Gas Exports: Average Price: Pipeline: Canada data is updated monthly, averaging 3.095 USD/1000 Cub ft from Jan 1989 (Median) to Aug 2018, with 356 observations. The data reached an all-time high of 12.870 USD/1000 Cub ft in Jul 2008 and a record low of 1.210 USD/1000 Cub ft in Aug 1991. United States Natural Gas Exports: Average Price: Pipeline: Canada data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P007: Natural Gas Price.

View monthly updates and historical trends for Vancouver, BC Average Retail Price for Regular Unleaded Gasoline at Self Service Filling Stations. Source: …

The statistic shows the average inflation rate in Canada from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Canada was approximately 6.8 percent compared to the previous year. For comparison, inflation in India amounted to 5.56 percent that same year. Inflation in Canada In general, the inflation rate in Canada follows a global trend of decreasing inflation rates since 2011, with the lowest slump expected to occur during 2015, but forecasts show an increase over the following few years. Additionally, Canada's inflation rate is in quite good shape compared to the rest of the world. While oil and gas prices have dropped in Canada much like they have around the world, food and housing prices in Canada have been increasing. This has helped to offset some of the impact of dropping oil and gas prices and the effect this has had on Canada´s inflation rate. The annual consumer price index of food and non-alcoholic beverages in Canada has been steadily increasing over the last decade. The same is true for housing and other price indexes for the country. In general there is some confidence that the inflation rate will not stay this low for long, it is expected to return to a comfortable 2 percent by 2017 if estimates are correct.

View monthly updates and historical trends for Winnipeg, MB Average Retail Price for Regular Unleaded Gasoline at Self Service Filling Stations. Source: S…

View monthly updates and historical trends for Calgary, AB Average Retail Price for Regular Unleaded Gasoline at Self Service Filling Stations. Source: St…

Canada is the world’s fifth largest producer of natural gas and accounts for around five per cent of global production. Natural gas production in Canada is predominantly from the Western Canadian Sedimentary Basin in British Columbia, Alberta, and Saskatchewan, although other gas is produced from offshore Nova Scotia and smaller amounts are produced in Ontario, New Brunswick, and Nunavut. While Canadian production of conventional natural gas has been declining, production of Canadian unconventional natural gas has been rising. Development of unconventional resources like tight gas is technologically challenging and companies are increasingly using horizontal drilling and hydraulic fracturing to create economically viable wells. Companies holding NEB Regulatory Instruments are required to report their export/import activities each month. This dataset provides historical average gas prices (by year and month) broken out by ports.

Natural gas distributors in Canada, including gas distribution utilities, gas marketers and brokers, have faltered because of the highly volatile world and domestic natural gas prices. Revenue has fluctuated in line with changes in natural gas prices, although the rates paid for natural gas by downstream consumers haven't been as volatile. Prices began to drop amid the US shale gas boom and continued as the pandemic severely reduced the need for gas across commercial and industrial markets. Even so, prices rebounded after the pandemic, allowing distributors to salvage some revenue slightly. Nonetheless, as supply chain issues diminished, natural gas prices fell in 2023 and 2024, leading revenue to follow. Overall, revenue has climbed at a CAGR of 2.3% through 2025, reaching $17.1 billion, including a 6.3% uptick in 2025 alone. Profit has remained elevated as purchase costs dropped alongside lower prices. The need for natural gas has been pushed down late in the period as regulations and wild swings in price have influenced residential customers to switch gas stoves for electric ones and reduce natural gas usage. Some municipalities, including Laval, Quebec and Montreal, have banned the installation of new natural gas appliances. Reducing greenhouse gas emissions has been a big priority for governments in recent years, and similar bans will likely come into effect in other locations. Nonetheless, prices have remained elevated since the start of the period, keeping revenue afloat. Natural gas distributors are still investing in modern and up-to-date infrastructure to meet strict regulatory requirements. Despite continued investment in infrastructure, natural gas prices are set to dip drastically throughout the outlook period, leading to revenue drops. The continued popularity of renewable energy will pose a threat as consumers and businesses switch. Nonetheless, distributors are finding ways to incorporate renewable natural gas into their distribution to prevent major disruptions. Technology and infrastructure upgrades will also help bolster efficiency moving forward. Overall, revenue is set to push down at a CAGR of 2.6%, reaching $15.0 billion in 2030.

Canada's oil and gas field service operators have experienced volatile market conditions throughout 2025. World commodity prices performed well throughout the reporting period. However, the period did start slowly in 2020 amid the pandemic as oil and gas prices started very low. As economic conditions improved from the pandemic's peak, the need for oil and gas returned to pre-pandemic levels and even reached new highs. As a result, revenue has been increasing at a CAGR of 9.8% over the past five years, reaching an estimated $ 49.5 billion in 2025. This includes a 3.6% dip in 2025 alone, when profit is set to reach 11.4%. The dip in 2025 can be mainly attributed to the uncertain geopolitical tensions from the energy tariffs imposed by the US, causing oil prices to drop drastically. While energy trade between the US and Canada hasn't been impacted, the impact on global prices has bled into Canadian prices. The swelling popularity of highly efficient enhanced oil recovery techniques has created a mixed impact for oil and gas field service providers. While these advanced methods generate higher-margin service opportunities, their increased efficiency means that fewer rigs and, thus, fewer field services are needed overall. After an initial surge in demand as extraction companies implemented new technologies, the ongoing need for field services has gradually pushed down. Revenue is set to push up at a CAGR of 0.9% over the next five years, reaching an estimated $51.7 billion in 2030. With the world oil and gas prices forecast to drop, this will likely adversely impact oil and gas field service companies with shrinking demand. Even so, Canadian oil prices are still set remain steady since they won't be as impacted by tariffs as the rest of the global economy. Nonetheless, there is a lack of sufficient pipeline infrastructure to bring commodities to markets. If this infrastructure can be expanded, it will likely benefit commodity prices and industry revenue.

The likely effect of an unexpectedly large increase in the period 1990 to 2010 in retail fuel price on the average fuel efficiency of light-duty vehicles is shown on this map. Light-duty vehicles include all cars and light trucks. Because vehicles consume a substantial part of energy, average vehicle fuel efficiency is an important indicator for greenhouse gas emission and climate change policy making. The lower the fuel efficiency, the higher the emission per vehicle, and, consequently, the greater its contribution to greenhouse gas production. Gasoline cost is the major vehicle operating cost. An increase in gasoline price would, to some extent, cause users to choose more fuel-efficient vehicles in order to reduce vehicle-operating cost. The Prairie Provinces would have the most sensitive response in fuel efficiency improvement to retail fuel price.