{~_~} Раиса
2014-04-16 21:58:55 UTC
CBC News Posted: Apr 15, 2014
Gas prices expected to rise in Canada this summer
Rising price of crude, low dollar behind the pump increase, say some
Gasoline prices in Canada are climbing to two-year highs, and could be
going higher, according to industry watchers.
In Toronto, gas prices are at 137.9 cents a litre, the highest they’ve
been in two years, according to TommorowsGasPriceToday.com. At the
beginning of the year, gas was 10 cents a litre cheaper.
In Vancouver, a fill-up costs 149.1 cents a litre, 20 cents more than
at the beginning of the year.
Interactive: Gas prices across Canada
So far this year, the price of a barrel of oil has risen more than five
per cent, "and then when you tack on another three per cent drop in the
Canadian dollar this year, it leaves oil prices up more than eight per
cent in 2014," Porter said in an email to CBC News.
Crude oil is the most significant component of gasoline prices.
According to a report by industry group M.J. Ervin & Associates, crude
oil made up 53 per cent of the cost of gas in March.
Gas prices across Canada
Vancouver: 149.1 cents/l
Calgary: 124.9 cents/l
Winnipeg: 129.9 cents/l
Toronto: 137.9 cents/l
Ottawa: 136.7 cents/l
Montreal: 142.4 cents/l
Halifax: 138.7 cents/l
Source: TomorrowsGasPricesToday.com
Porter added gasoline prices tend to be seasonal, and as prime driving
season starts up, prices will continue to rise. Porter says gas prices
could stay strong until the second half of the year if the global
economy keeps improving.
Boosting profit margins
Dan McTeague, a former Liberal MP and founder of price-tracking and
forecasting website TomorrowsGasPriceToday.com, says some of the bigger
corporate-run stations in Toronto have increased their profit margins.
^^^^^^^^^^^^^^^^^^^^^^^^^
According to McTeague, those margins have increased to eight cents per
litre, up from 6.5 cents per litre 10 months ago.
According to M.J. Ervin, those margins are the smallest component of
gasoline prices, at about 7.7 cents per litre in March.
Another major component is taxation, which varies from province to
province. Some municipalities, including Vancouver and Montreal, impose
their own gas taxes.
McTeague also says part of the increase, particularly for crude oil and
wholesale prices, is being driven by speculators in the U.S.
“There’s a perception that the U.S. economy is getting back on track,”
McTeague said.
As a result, speculators are betting prices will rise, figuring that if
more Americans are working, “there will be enough demand to justify the
higher price.”
Too reliant on the U.S.
Canadians are very reliant on what the price of gasoline is in the U.S.
Canadians are very reliant on what the price of gasoline is in the U.S.
This problem is particularly bad in eastern Canada, as we don’t have
enough domestic supply to cover demand,
McTeague says.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Most Canadian oil, particularly from the oilsands, is shipped to the
U.S. to be refined. It’s then re-imported at a higher price for use by
consumers. Even the refineries in New Brunswick ship nearly 80 per cent
of their oil to the U.S.
McTeague is also concerned about how much Canadians are paying for
energy — and that includes gasoline for their cars and natural gas to
heat their homes.
Nearly 25 per cent of our disposable income goes to energy, according to
McTeague.
"For a nation that claims it is an energy superpower, it’s a strange way
of showing it, particularly with high prices." <<==========
_________________________________________________
Price of gas - Mexico: $ .85 / litre
" Venezuela: .017 / litre
<<======= !
" Canada 1.30 / litre
http://www.ontariogasprices.com/Prices_Nationally.aspx
Gas prices expected to rise in Canada this summer
Rising price of crude, low dollar behind the pump increase, say some
Gasoline prices in Canada are climbing to two-year highs, and could be
going higher, according to industry watchers.
In Toronto, gas prices are at 137.9 cents a litre, the highest they’ve
been in two years, according to TommorowsGasPriceToday.com. At the
beginning of the year, gas was 10 cents a litre cheaper.
In Vancouver, a fill-up costs 149.1 cents a litre, 20 cents more than
at the beginning of the year.
Interactive: Gas prices across Canada
So far this year, the price of a barrel of oil has risen more than five
per cent, "and then when you tack on another three per cent drop in the
Canadian dollar this year, it leaves oil prices up more than eight per
cent in 2014," Porter said in an email to CBC News.
Crude oil is the most significant component of gasoline prices.
According to a report by industry group M.J. Ervin & Associates, crude
oil made up 53 per cent of the cost of gas in March.
Gas prices across Canada
Vancouver: 149.1 cents/l
Calgary: 124.9 cents/l
Winnipeg: 129.9 cents/l
Toronto: 137.9 cents/l
Ottawa: 136.7 cents/l
Montreal: 142.4 cents/l
Halifax: 138.7 cents/l
Source: TomorrowsGasPricesToday.com
Porter added gasoline prices tend to be seasonal, and as prime driving
season starts up, prices will continue to rise. Porter says gas prices
could stay strong until the second half of the year if the global
economy keeps improving.
Boosting profit margins
Dan McTeague, a former Liberal MP and founder of price-tracking and
forecasting website TomorrowsGasPriceToday.com, says some of the bigger
corporate-run stations in Toronto have increased their profit margins.
^^^^^^^^^^^^^^^^^^^^^^^^^
According to McTeague, those margins have increased to eight cents per
litre, up from 6.5 cents per litre 10 months ago.
According to M.J. Ervin, those margins are the smallest component of
gasoline prices, at about 7.7 cents per litre in March.
Another major component is taxation, which varies from province to
province. Some municipalities, including Vancouver and Montreal, impose
their own gas taxes.
McTeague also says part of the increase, particularly for crude oil and
wholesale prices, is being driven by speculators in the U.S.
“There’s a perception that the U.S. economy is getting back on track,”
McTeague said.
As a result, speculators are betting prices will rise, figuring that if
more Americans are working, “there will be enough demand to justify the
higher price.”
Too reliant on the U.S.
Canadians are very reliant on what the price of gasoline is in the U.S.
Canadians are very reliant on what the price of gasoline is in the U.S.
This problem is particularly bad in eastern Canada, as we don’t have
enough domestic supply to cover demand,
McTeague says.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Most Canadian oil, particularly from the oilsands, is shipped to the
U.S. to be refined. It’s then re-imported at a higher price for use by
consumers. Even the refineries in New Brunswick ship nearly 80 per cent
of their oil to the U.S.
McTeague is also concerned about how much Canadians are paying for
energy — and that includes gasoline for their cars and natural gas to
heat their homes.
Nearly 25 per cent of our disposable income goes to energy, according to
McTeague.
"For a nation that claims it is an energy superpower, it’s a strange way
of showing it, particularly with high prices." <<==========
_________________________________________________
Price of gas - Mexico: $ .85 / litre
" Venezuela: .017 / litre
<<======= !
" Canada 1.30 / litre
http://www.ontariogasprices.com/Prices_Nationally.aspx