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.

The average retail price for regular, unleaded gasoline at self-service stations in Canada was ***** Canadian cents per liter in June 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 which 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.

Canadian drivers should expect to pay more at a gas station as economic conditions begin to improve after the pandemic.

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.

Between October 2020 and June 2024, the consumer price index for gasoline increased substantially in Canada. Indeed, the CPI was 149 at the beginning of the period, and 235.7 at the end. The consumer price index increased by more than 105 points between June 2021 and June 2022. When surveyed in March 2022, half of Canadians reported that inflation had a strong negative impact on their household in terms of gas.

Gasoline Prices in Canada decreased to 1.03 USD/Liter in July from 1.09 USD/Liter in June 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.

Natural gas rose to 3.09 USD/MMBtu on August 1, 2025, up 0.10% from the previous day. Over the past month, Natural gas's price has fallen 11.31%, but it is still 57.26% higher than a year ago, 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 August of 2025.

Gasoline fell to 2.11 USD/Gal on August 1, 2025, down 2.93% from the previous day. Over the past month, Gasoline's price has fallen 0.36%, and is down 9.53% 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 August of 2025.

The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in May 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 2023. 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 2023, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

The Canadian gas station industry has been navigating a turbulent economic landscape, shaped largely by fluctuations in oil prices, economic instability and geopolitical tensions. These factors have sent oil prices swinging dramatically, impacting revenue and profit. In 2025, revenue will dip to $31.7 billion after falling by 3.1%. However, profit stability is expected as crude oil prices stabilize, even as the industry faces challenges from shifts toward electric vehicles and economic pressures like rising credit card fees. Over the past five years, the industry has experienced both highs and lows, but overall, revenue grew at a CAGR of 2.2%. Oil prices plunged in 2020, causing revenue drops, but later rebounded in 2021 and 2022, with growth linked to oil price surges of 91.4% and 43.8%. This pushed revenue up by almost 10.0% in 2022. Larger chains have gained market share, leveraging economies of scale to weather price fluctuations better than smaller competitors. Regional disparities, especially in Western Canada, highlighted these challenges as some areas faced higher gasoline prices due to limited refinery capacity. The shift towards convenience store models has been key for many stations, providing a buffer against fuel sales volatility, but this reclassifies these retailers out of the industry. Looking ahead, the next five years present a mixed bag for Canada's gas stations. Revenue is projected to reach $33.4 billion by 2030 with a modest CAGR of 1.1%. As electric vehicle adoption rises, driven by federal targets for zero-emission vehicles, traditional fuel sales might slump. The industry's response is to diversify offerings, incorporating EV charging stations, convenience stores and enhanced retail options to attract a broader customer base. Technological advancements in fuel dispensing and payment systems will further transform operations. Despite economic uncertainties and global oil price influences, gas stations can position themselves for growth by innovating and adapting to changing consumer demands and environmental policies.

Monthly average retail prices for food, household supplies, personal care items, cigarettes and gasoline. Prices are presented for the current month and previous four months. Prices are in Canadian current dollars.

Gas and petroleum wholesaling prices are tied to global crude oil prices, which can cause significant volatility for companies. Crude oil prices rose sharply prior to the start of the period amid rising global economic activity and increasing demand, which translated to strong revenue growth. In 2020, the world price of crude oil plunged as lockdowns and economic uncertainty reduced downstream demand for oil and gas products. However, large increases in oil prices during 2021 and 2022 contributed to solid industry revenue growth as the economy boomed. In response to high inflation and rising interest rates, a cooling economy is expected to have weakened revenue growth in recent years. Industry revenue is expected to grow at a CAGR of 4.5% to $257.2 billion through the end of 2024, with further growth of 1.1% forecast for the current year due to expected increases in oil prices. Wholesalers generate profit by purchasing crude oil from bulk stations and selling it to retail outlets. The price of retail gasoline and crude oil strongly influence profit. Retail gasoline prices are a function of domestic demand for fuel, which may differ from the global supply and demand. Profit tends to be very low for wholesalers in this industry. In 2020, profit fell sharply because of falling prices alongside poor overall economic activity. Through the end of 2024 industry profit, defined as earnings before interest and taxes, is expected to account for 1.7% of revenue. Revenue is expected to decline moderately as oil prices are expected to fall from recent highs. Expected growth in the overall domestic economy and more robust construction activity will likely ease this forecast decline in industry revenue. The anticipated expansion in domestic pipeline infrastructure is likely to bolster petroleum exports, benefiting downstream demand. However, wholesalers will also endure severe threats from technologies that accelerate the adoption of renewable energy, which may cause a considerable reduction in demand for gasoline and petroleum. Industry revenue is forecast to decline at a CAGR of 0.5% to $250.9 billion through the end of 2029.

In February 2023, the fuel filter price amounted to $8.7 per unit (CIF, Canada), growing by 7.9% against the previous month.

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.

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.

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.

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.

Gasoline tax rates were last changed on July 1, 2022. The current rates are: * unleaded gasoline - 9¢ per litre * leaded gasoline - 17.7¢ per litre The Aviation fuel tax rate was last changed on April 1, 2017. The current rate is 6.7¢ per litre. Effective January 1, 2020, a new rate was established for Northern Ontario. The rate for Northern Ontario is 2.7¢ per litre. The Gasoline Tax Act has been amended to eliminate the taxation of propane under the Act, beginning July 1, 2025. * However, interjurisdictional carriers who acquires propane anywhere will pay a tax at the rate of 0 cents per litre on all propane used by the interjurisdictional carrier in Ontario to generate power in a qualified motor vehicle. You can download the dataset to view the historical price points for these taxes.

Volatile crude oil prices and economic uncertainty have defined the performance of Canadian gas stations with convenience stores. Consumer demand declined with a slump in travel caused by the pandemic. Starting in 2021, the recovery of the global economy led to a massive surge in the world price of crude oil. Rising oil prices increased revenue as prices were passed down to consumers. High crude oil prices and improving economic conditions have boosted sales volumes. In 2023, tempering crude oil prices dragged down sales at the pump again, with revenue contracting 1.0%. Revenue for gas stations with convenience stores is expected to drop at a CAGR of 0.3% to $28.3 billion through the end of 2025, including a dip of 0.7% in 2025 alone as the consumer confidence index and the world price of crude oil weaken. The industry has expanded as more gas stations added convenience stores because of the considerably higher profit gained from the sale of merchandise. Still, crude oil prices drive profitability as upstream markets pass down costs to gas stations. The world price of crude oil has fluctuated wildly, first because of the pandemic and, more recently, because of global geopolitical challenges like Russia's invasion of Ukraine. These events have ultimately influenced the global supply of crude oil, causing prices to largely remain elevated. These wild swings have contributed to a slump in profitability for gas stations with convenience stores. The world price of crude oil is expected to expand at a CAGR of 11.7% through the end of 2025. Consumers have already reduced their dependence on fossil fuels by relying on new fuel-efficient vehicles in response to rising environmental concerns. The Canadian government has initiated programs to incentivize hybrid and electric vehicle sales. This threat to the overall viability of the industry will remain strong moving forward. Still, rising incomes drive general economic growth, while consumer spending and trade activity will lift fuel sales. The growing emphasis on convenience store sales will help buoy the industry if volatility in fuel prices continues. Revenue for gas stations with convenience stores is expected to climb at a CAGR of 0.1% to $28.4 billion through the end of 2030.

In 2024, the price of natural gas in Europe reached 11 constant U.S. dollars per million British thermal units, compared with 2.2 U.S. dollars in the U.S. This was a notable decrease compared to the previous year, which had seen a steep increase in prices due to an energy supply shortage exacerbated by the Russia-Ukraine war. Since 1980, natural gas prices have typically been higher in Europe than in the United States and are expected to remain so for the coming two years. This is due to the U.S. being a significantly larger natural gas producer than Europe. What is natural gas and why is it gaining ground in the energy market? Natural gas is commonly burned in power plants with combustion turbines that generate electricity or used as a heating fuel. Given the fact that the world’s energy demand continues to grow, natural gas was seen by some industry leaders as an acceptable "bridge-fuel" to overcome the use of more emission-intensive energy sources such as coal. Subsequently, natural gas has become the main fuel for electricity generation in the U.S., while the global gas power generation share has reached over 22 percent. How domestic production shapes U.S. natural gas prices The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the oil and gas industry’s biggest breakthroughs in decades, with the U.S. being the largest beneficiary. This technology has helped the industry release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It is forecast that U.S. shale gas production could reach 36 trillion cubic feet in 2050, up from 1.77 trillion cubic feet in 2000.