Fuel Focus, September 5, 2014

Table of Contents

---

National Overview

Canadian Retail Gasoline Prices Increased 1 Cent per Litre from Last Week

For the week ending September 2, 2014, the average Canadian retail gasoline price was $1.33 per litre. This is an increase of less than 1 cent per litre from the previous week and a decrease of 1 cent per litre from a year ago.

Diesel fuel prices rose by nearly 1 cent per litre to $1.30 per litre from the previous week. This is an increase of 1 cent per litre compared to the same period last year. Furnace oil prices declined from the previous week by 0.4 cent to $1.24 per litre, and are 3 cents per litre higher compared to the same period last year.

Figure 1: Crude Oil and Regular Gasoline Price Comparison
(National Average)

Text version

Figure 1

The graph shows prices in cents per litre for gasoline at retail, gasoline excluding taxes, and Edmonton Par and Brent crude oil prices. Gasoline prices ended the period of September 2, 2014, at 132.8 cents per litre, excluding taxes at 93.0 cents per litre, Canadian Light Sweet at 60.6 cents per litre and Brent at 70.4 cents per litre.

Dates	Gasoline at retail	Excluding Taxes	Edmonton Par crude	Brent crude
01/01/2013	118.9	80.4	46.6	69.3
08/01/2013	120.6	81.9	49.4	69.5
15/01/2013	118.9	80.3	53.7	69.2
22/01/2013	119.7	81.1	55.2	68.7
29/01/2013	123.3	84.3	56.6	70.7
05/02/2013	129.2	89.7	61.9	72.5
12/02/2013	127.7	88.4	54.8	73.5
19/02/2013	130.5	90.9	55.3	74.6
26/02/2013	131.2	91.6	54.7	67.1
05/03/2013	131.2	91.6	51.8	72.5
12/03/2013	129.9	90.4	54.2	71.8
19/03/2013	130.1	90.7	56.7	70.6
26/03/2013	129.4	90.0	57.0	69.7
02/04/2013	128.7	89.3	58.4	69.9
09/04/2013	126.5	87.4	59.5	68.9
16/04/2013	125.0	86.0	58.0	67.0
23/04/2013	125.1	85.9	54.8	64.4
30/04/2013	126.3	87.0	55.8	65.5
07/05/2013	126.0	86.7	61.4	65.1
14/05/2013	129.3	89.8	59.1	66.1
21/05/2013	131.4	91.8	58.8	66.1
28/05/2013	132.9	93.2	60.0	66.9
04/06/2013	131.1	91.5	58.1	66.6
11/06/2013	132.9	93.2	57.8	66.8
18/06/2013	133.1	93.3	57.0	66.8
25/06/2013	130.5	91.0	58.0	67.4
02/07/2013	128.3	88.9	59.0	67.2
09/07/2013	132.4	92.6	63.1	69.6
16/07/2013	134.4	94.3	66.6	71.2
23/07/2013	134.7	94.6	68.7	71.1
30/07/2013	132.7	92.8	67.9	69.8
06/08/2013	131.5	91.7	64.1	70.1
13/08/2013	130.0	90.3	65.6	70.3
20/08/2013	132.0	92.2	66.4	71.3
27/08/2013	133.0	93.0	66.4	72.3
03/09/2013	133.9	93.8	70.2	75.5
10/09/2013	132.1	92.2	68.1	76.1
17/09/2013	130.6	90.8	65.8	73.0
24/09/2013	126.4	87.1	63.7	70.8
01/10/2013	124.3	85.2	61.9	70.3
08/10/2013	123.6	84.6	60.1	70.6
15/10/2013	124.8	85.6	60.9	71.9
22/10/2013	125.5	86.2	59.7	71.7
29/10/2013	124.4	85.2	57.4	70.6
05/11/2013	123.7	84.6	58.9	71.1
12/11/2013	122.6	83.6	53.5	69.0
19/11/2013	124.6	85.3	48.7	70.7
26/11/2013	126.4	86.9	48.6	71.8
03/12/2013	125.4	86.1	49.4	73.6
10/12/2013	125.9	86.5	50.9	74.9
17/12/2013	124.5	85.2	52.5	73.0
24/12/2013	125.0	85.6	52.6	73.5
31/12/2013	128.3	88.6	52.6	74.9
07/01/2014	125.0	85.6	60.6	73.0
14/01/2014	125.6	86.2	54.6	72.6
21/01/2014	125.7	86.3	52.8	73.2
28/01/2014	126.6	87.0	55.1	74.9
04/02/2014	125.9	86.7	59.0	75.1
11/02/2014	127.6	88.2	57.0	74.4
18/02/2014	129.3	89.8	68.5	75.3
25/02/2014	130.7	91.0	69.7	75.4
04/03/2014	132.5	92.7	71.5	75.4
11/03/2014	131.8	92.1	70.3	75.9
18/03/2014	132.0	92.3	64.3	75.4
25/03/2014	132.9	93.2	63.4	74.7
01/04/2014	132.9	93.2	64.4	75.2
08/04/2014	133.9	94.1	65.1	73.7
15/04/2014	136.8	96.7	64.2	73.8
22/04/2014	137.7	97.4	65.5	75.7
29/04/2014	139.8	99.4	65.0	76.1
06/05/2014	136.9	96.8	64.2	74.8
13/05/2014	135.7	95.8	64.2	73.9
20/05/2014	136.0	95.9	65.2	75.0
27/05/2014	136.8	96.6	66.2	75.5
03/06/2014	137.4	97.2	70.3	75.0
10/06/2014	138.1	97.9	65.5	74.7
17/06/2014	138.8	98.5	67.1	76.0
24/06/2014	141.2	100.7	67.3	77.8
01/07/2014	138.7	98.4	66.5	76.7
08/07/2014	137.2	97.0	65.2	74.9
15/07/2014	133.8	93.9	62.9	72.9
22/07/2014	133.0	93.2	62.7	72.4
29/07/2014	131.8	92.1	63.0	72.9
05/08/2014	131.1	91.5	63.7	72.9
2014-08-12	133.6	93.8	61.0	72.3
2014-08-19	131.3	91.7	61.1	71.1
26/08/2014	132.1	92.5	59.8	70.2
02/09/2014	132.8	93.0	60.6	70.4

Figure 2: Weekly Regular Gasoline Prices

Text version

Figure 2

This graph shows the gasoline price trends from 2012 to 2014.

Date	2012 Gasoline at Retail	Date	2013 Gasoline at Retail	Date	2014 Gasoline at Retail
12-01-03	120.60	13-01-01	118.90	13-12-31	128.30
12-01-10	122.90	13-01-08	120.60	14-01-07	125.00
12-01-17	123.00	13-01-15	118.90	14-01-14	125.60
12-01-24	123.30	13-01-22	119.70	14-01-21	125.70
12-01-31	124.70	13-01-29	123.30	14-01-28	126.60
12-02-07	122.70	13-02-05	129.20	14-02-04	125.90
12-02-14	126.70	13-02-12	127.70	14-02-11	127.60
12-02-21	127.00	13-02-19	130.50	14-02-18	129.30
12-02-28	131.70	13-02-26	131.20	14-02-25	130.70
12-03-06	127.30	13-03-05	131.20	14-03-04	132.50
12-03-13	131.00	13-03-12	129.90	14-03-11	131.80
12-03-20	132.80	13-03-19	130.10	14-03-18	132.00
12-03-27	132.70	13-03-26	129.40	14-03-25	132.90
12-04-03	135.10	13-04-02	128.70	14-04-01	132.90
12-04-10	136.40	13-04-09	126.50	14-04-08	133.90
12-04-17	136.70	13-04-16	125.00	14-04-15	136.80
12-04-24	132.00	13-04-23	125.10	14-04-22	137.70
12-05-01	131.90	13-04-30	126.30	14-04-29	139.80
12-05-08	129.50	13-05-07	126.00	14-05-06	136.90
12-05-15	130.30	13-05-14	129.30	14-05-13	135.70
12-05-22	128.50	13-05-21	131.40	14-05-20	136.00
12-05-29	129.30	13-05-28	132.90	14-05-27	136.80
12-06-05	126.80	13-06-04	131.10	14-06-03	137.40
12-06-12	126.70	13-06-11	132.90	14-06-10	138.10
12-06-19	126.80	13-06-18	133.10	14-06-17	138.80
12-06-26	123.70	13-06-25	130.50	14-06-24	141.20
12-07-03	123.10	13-07-02	128.30	14-07-01	138.70
12-07-10	126.00	13-07-09	132.40	14-07-08	137.20
12-07-17	128.00	13-07-16	134.40	14-07-15	133.80
12-07-24	129.20	13-07-23	134.70	14-07-22	133.00
12-07-31	127.30	13-07-30	132.70	14-07-29	131.80
12-08-07	129.70	13-08-06	131.50	14-08-05	131.10
12-08-14	131.00	13-08-13	130.00	14-08-12	133.60
12-08-21	130.30	13-08-20	132.00	14-08-19	131.30
12-08-28	130.60	13-08-27	133.00	14-08-26	132.10
12-09-04	130.90	13-09-03	133.90	14-09-02	132.80
12-09-11	132.20	13-09-10	132.10	14-09-09
12-09-18	134.60	13-09-17	130.60	14-09-16
12-09-25	128.90	13-09-24	126.40	14-09-23
12-10-02	132.80	13-10-01	124.30	14-09-30
12-10-09	133.00	13-10-08	123.60	14-10-07
12-10-16	130.10	13-10-15	124.80	14-10-14
12-10-23	124.30	13-10-22	125.50	14-10-21
12-10-30	123.50	13-10-29	124.40	14-10-28
12-11-06	121.60	13-11-05	123.70	14-11-04
12-11-13	122.50	13-11-12	122.60	14-11-11
12-11-20	122.20	13-11-19	124.60	14-11-18
12-11-27	122.60	13-11-26	126.40	14-11-25
12-12-04	120.90	13-12-03	125.40	14-12-02
12-12-11	117.30	13-12-10	125.90	14-12-09
12-12-18	117.70	13-12-17	124.50	14-12-16
12-12-25	119.00	13-12-24	125.00	14-12-23
		13-12-31	128.30	14-12-30

Table 1: Changes in Fuel Prices

¢/L	Week of: 2014-09-02	Change from: Previous Week	Change from: Last Year
Gasoline	132.8	+0.6	-1.1
Diesel	129.8	+0.6	+1.3
Furnace Oil	124.2	-0.4	+3.3

Source: NRCan

Table 2: Natural Gas Prices for Vehicles

2014-09-02	¢/kilogram	¢/L gasoline equivalent	¢/L diesel equivalent
Vancouver	119.9	79.1	82.0
Edmonton	115.1	75.9	78.7
Toronto	128.3	84.6	87.8

Source: ¢/kg Kent Marketing Services Limited

Recent Developments

• U.S. Gasoline Prices Falling: The U.S. average retail price for regular gasoline was $3.45/gallon ($US 0.91 per litre) on August 25, 2014, the lowest price on the Monday before Labor Day since 2010. The average price at the pump is now 25 cents/gallon lower than it was at the end of June. A lower North Sea Brent crude oil price is the main driver of the decline in the gasoline price. (Source: U.S. Energy Information Administration, This Week in Petroleum)
  
  Note: Canadian retail pump prices registered $1.32 per litre on August 26, 2014, which is nearly the same level for the same time period in 2012 and 2013. Since June 2014, average Canadian gasoline prices have fluctuated downward by 9 cents per litre from a high of $1.41 per litre.
• World Gasoline Demand to Fall 4% by 2035: According to Navigant Research, world gasoline consumption in road transportation will rise from 362 billion gallons in 2014 to 367 billion in 2021, then fall to 348 billion in 2035.  The decline reflects moves by governments to address the costs of oil dependency in transportation in terms of energy security, environmental security, and economic stability.  The subsidization of alternative fuels and alternative fuel vehicles, the implementation of biofuel mandates, and tightening of fuel economy requirements for new vehicles are making an impact on global oil demand. (Source: Ontario Ministry of Energy, Fuels and Vehicles Report)
• Gasoline Consumption Increased by 2%: Canadians consumed 18 billion litres of gasoline in the first five months of 2014 or 2% more than the same period last year. In the same period, diesel fuel sales also increased by 2% to 12 billion litres, while furnace oil sales declined by 4% to 1.3 billion litres. (Statistics Canada, Cansim Table 134-0004)

Retail Gasoline Overview

The average Canadian pump price in selected cities for the four-week average ending September 2, 2014, was $1.33 per litre, an increase of less than 1 cent per litre from the last report on August 22, 2014. This represents a 0.2 cent-per-litre increase compared to the same period in 2013.

The four-week average crude oil price decreased by 1 cent per litre to 69 cents per litre compared to two weeks ago. This represents a 0.4 cent-per-litre decrease compared to the same time last year.

On average retail gasoline prices in most western centres—Vancouver to Winnipeg—increased by 1 cent per litre when compared to the previous report and ranged from $1.22 to $1.44 per litre. Prices in eastern cities—Toronto to St. John’s—declined by less than 1 cent per litre and ranged from $1.28 to $1.41 cents per litre.

At the national level, refining and marketing costs and margins increased 1.5 cents per litre to 24 cents per litre. This represents an increase of less than 1 cent per litre compared to the same time last year.

Figure 3: Regular Gasoline Pump Prices in Selected Cities Four-Week Average (August 12 to September 2, 2014)

Text version

Figure 3

This graph shows the gasoline price components for 2 territories and 10 cities plus the national average.

	Whitehorse	Yellowknife	Vancouver	Calgary	Regina	Winnipeg	Toronto	Montreal*	Saint John*	Halifax*	Charlottetown*	St. John's*	Canada
Pump Price/Prix à la pompe	135.4	138.9	144.0	121.6	125.2	122.9	131.9	140.8	128.0	132.9	133.4	133.6	132.5
Crude (est.) / Brut (est.)	60.6	60.6	60.6	60.6	60.6	60.6	64.6	71.0	71.0	71.0	71.0	71.0	68.8
Federal Taxes / Taxes fédérales	16.4	16.6	10.0	15.8	16.0	15.9	10.0	16.1	10.0	10.0	10.0	10.0	16.0
Provincial Tax / Taxe provinciale	6.2	10.7	32.2	9.0	15.0	14.0	14.7	34.4	13.6	15.5	13.1	16.5	23.6
HST			6.9				15.2		14.7	17.3	16.4	15.4
Refining & Marketing Costs & Margins /  Coûts et	52.2	51.0	34.4	36.2	33.6	32.4	27.4	19.3	18.7	19.1	22.9	20.7	24.1

Source: NRCan
* Regulated Markets
Note: Toronto crude oil cost includes pipeline tolls of $4 per barrel for light crude oil from Edmonton to Sarnia, Ontario.

Wholesale Gasoline Prices

Wholesale gasoline prices for the week ending August 28, 2014, ranged from an increase of 1 cent per litre to a decrease of more than 3 cents per litre compared to the previous week.

In the eastern markets of Canada and the United States, wholesale gasoline prices registered an increase of 1 cent per litre compared to the previous week. Prices for the period ended in the 79 to 84 cent-per-litre range.

Western wholesale gasoline prices ended between 83 to 87 cents per litre, ranging from an increase of 1 cent per litre to a decrease of 3 cents per litre.

Overall, compared to the same period last year, prices ranged from an increase of 4 cents per litre to a decrease of nearly 9 cents per litre.

Figure 4: Wholesale Gasoline Prices
Rack Terminal Prices for Selected Canadian and American Cities Ending August 28, 2014
(Can ¢/L)

Text version

Figure 4

This graph shows the trend in wholesale gasoline prices for selected centres in Canada and the U.S.

DATE	Halifax	Braintree	Montreal	Rochester	Toronto	Buffalo	Edmonton	Grand Forks	Vancouver	Seattle
Thu 03-Jan-13	77.50	75.42	78.60	75.82	77.50	77.31	65.40	66.07	75.50	68.79
Thu 10-Jan-13	76.70	74.48	77.40	75.49	76.90	77.88	63.40	66.67	72.40	65.77
Thu 17-Jan-13	74.80	73.73	75.40	74.81	75.00	74.96	62.40	69.13	70.90	65.72
Thu 13-Dec-12	72.10	70.22	74.90	71.94	73.90	77.52	67.70	64.43	70.50	65.70
Thu 24-Jan-13	79.00	78.00	79.00	78.15	78.30	78.93	66.80	75.06	73.50	70.59
Thu 31-Jan-13	84.10	81.70	84.70	81.81	83.50	80.51	72.50	78.85	83.40	79.19
Thu 07-Feb-13	84.60	80.98	85.10	81.47	83.20	83.16	73.10	80.16	84.00	78.87
Thu 14-Feb-13	84.50	83.61	84.20	84.35	83.20	83.55	78.10	86.03	83.30	79.18
Thu 21-Feb-13	86.70	83.01	85.90	84.51	85.40	87.44	79.70	85.90	86.00	82.60
Thu 28-Feb-13	82.80	80.41	81.90	83.34	81.90	83.14	80.50	83.70	86.20	81.99
Thu 07-Mar-13	84.10	80.00	83.60	82.22	83.30	84.09	81.00	82.56	86.90	80.15
Thu 14-Mar-13	84.60	81.52	84.00	83.10	83.90	85.12	81.70	82.24	85.40	78.61
Thu 21-Mar-13	84.10	80.55	84.50	81.59	84.80	84.95	81.80	81.66	82.10	75.28
Thu 28-Mar-13	82.00	79.08	81.50	80.79	82.60	84.24	80.20	82.51	83.80	79.62
Thu 04-Apr-13	79.40	73.32	79.50	77.54	80.60	84.10	77.40	78.17	80.20	77.14
Thu 11-Apr-13	77.30	73.36	78.90	75.92	79.80	83.84	75.90	75.52	81.50	76.23
Thu 18-Apr-13	74.70	75.92	76.30	76.28	77.10	75.04	74.90	76.41	78.50	74.77
Thu 25-Apr-13	74.80	77.01	75.90	76.42	76.70	75.40	76.80	78.08	79.00	77.56
Thu 02-May-13	73.50	76.65	74.50	75.00	75.00	75.38	78.80	79.70	82.00	83.51
Thu 09-May-13	75.10	76.22	77.60	77.03	78.50	77.88	83.90	87.57	90.80	87.15
Thu 16-May-13	78.10	77.25	81.50	78.21	80.90	80.54	89.30	101.10	92.50	85.64
Thu 23-May-13	78.60	78.37	80.50	78.09	81.30	79.53	94.20	86.80	90.30	78.24
Thu 30-May-13	78.40	78.36	79.80	77.90	81.40	78.43	92.60	82.64	87.60	73.33
Thu 06-Jun-13	78.70	78.91	80.50	78.17	81.60	78.16	92.40	83.64	86.60	76.00
Thu 13-Jun-13	77.80	78.32	78.90	77.45	80.60	76.84	90.20	79.79	86.00	77.78
Thu 20-Jun-13	80.10	78.00	81.00	76.50	82.00	79.30	86.20	76.78	88.10	79.78
Thu 27-Jun-13	77.80	76.96	78.10	76.22	79.40	76.41	82.40	75.29	85.70	77.93
Thu 04-Jul-13	79.80	78.53	81.30	77.56	81.80	76.93	82.70	77.19	88.70	80.47
Thu 11-Jul-13	84.60	84.52	86.30	82.08	85.80	82.51	85.00	83.36	93.40	87.07
Thu 18-Jul-13	87.10	86.48	87.80	82.88	87.80	84.45	86.70	85.15	93.90	82.94
Thu 25-Jul-15	84.40	81.63	84.80	79.09	85.40	81.21	84.10	82.55	89.90	79.53
Thu 01-Aug-13	83.20	83.68	84.00	80.06	84.10	81.93	82.00	84.32	89.50	79.81
Thu 08-Aug-13	82.30	79.58	82.20	76.89	82.60	78.85	81.10	78.95	87.00	75.45
Thu 15-Aug-13	84.20	83.01	84.40	80.94	84.20	81.32	81.20	82.30	88.50	76.76
Thu 22-Aug-13	83.90	83.75	84.00	82.03	83.50	82.16	80.90	84.32	86.40	76.73
Thu 29-Aug-13	88.90	87.42	88.30	85.55	88.10	86.41	83.40	89.62	88.90	80.31
Thu 05-Sep-13	86.70	84.77	86.20	83.13	85.90	84.03	83.20	86.81	86.50	79.97
Thu 12-Sep-13	81.00	79.52	80.90	77.16	82.90	78.97	79.20	79.37	84.00	78.65
Thu 19-Sep-13	79.70	73.77	80.20	73.60	81.60	75.45	77.10	77.32	83.70	74.59
Thu 26-Sep-13	77.40	75.99	77.00	74.69	78.70	75.25	76.50	76.96	80.90	74.43
Thu 03-Oct-13	76.50	73.93	76.00	74.33	77.80	74.45	75.60	77.48	79.10	73.09
Thu 10-Oct-13	77.00	76.23	76.40	75.22	78.20	75.24	76.20	79.28	76.80	71.32
Thu 17-Oct-13	78.80	75.48	78.00	75.66	79.80	75.64	77.80	77.39	78.30	68.82
Thu 24-Oct-13	76.30	73.26	74.20	72.60	76.40	76.40	75.10	74.67	75.20	68.55
Thu 31-Oct-13	78.40	74.83	77.40	75.50	78.90	74.66	75.90	73.89	75.50	69.29
Thu 07-Nov-13	76.50	73.29	75.40	73.47	77.70	73.62	73.10	70.87	73.90	67.58
Thu 14-Nov-13	78.50	78.01	77.70	77.49	78.90	78.23	74.80	73.14	74.60	71.77
Thu 21-Nov-13	80.00	80.43	77.80	77.74	79.80	77.16	75.30	74.96	73.50	69.75
Thu 28-Nov-13	81.30	78.79	80.20	79.06	81.60	79.32	75.50	73.46	74.60	70.20
Thu 05-Dec-13	81.30	81.98	81.70	80.77	81.90	79.95	74.00	73.04	74.70	71.18
Thu 12-Dec-13	79.30	80.57	80.00	80.76	79.60	79.52	72.30	67.30	73.60	69.01
Thu 19-Dec-13	80.60	80.41	80.60	80.76	79.80	81.20	69.40	74.95	74.60	71.49
Thu 26-Dec-13	82.50	82.08	84.20	81.35	82.80	82.75	72.70	77.90	77.80	73.92
Thu 02-Jan-14	83.00	81.60	83.90	81.26	82.40	81.49	72.90	77.05	77.80	72.33
Thu 09-Jan-14	81.80	79.89	81.30	81.25	80.00	81.12	72.60	77.50	75.40	69.37
Thu 16-Jan-14	79.90	78.10	80.80	80.69	79.20	80.27	73.60	78.54	74.50	69.50
Thu 23-Jan-14	83.30	81.27	82.50	80.86	81.50	84.27	75.20	81.56	77.80	72.04
Thu 30-Jan-14	83.60	81.57	82.50	81.27	81.60	84.27	75.90	82.75	77.20	72.24
Thu 06-Feb-14	83.00	81.77	81.00	79.85	80.60	82.00	75.00	82.38	76.40	73.02
Thu 13-Feb-14	85.40	84.58	83.50	82.68	83.50	83.54	77.70	86.24	79.80	74.26
Thu 20-Feb-14	87.30	87.33	84.90	85.83	85.20	88.00	79.60	89.82	80.40	76.56
Thu 27-Feb-14	87.60	87.64	84.60	86.29	85.70	87.43	83.00	89.92	82.60	80.13
Thu 06-Mar-14	85.10	84.56	83.30	84.37	84.20	85.84	84.10	91.11	84.80	81.55
Thu 13-Mar-14	85.90	84.97	83.80	85.80	83.50	86.75	85.30	91.48	85.40	82.23
Thu 20-Mar-14	84.20	86.34	82.40	86.82	82.10	87.62	85.00	91.13	85.70	84.11
Thu 27-Mar-14	83.40	84.62	84.62	84.72	82.80	87.34	85.90	90.80	86.80	85.82
Thu 03-Apr-14	81.90	82.99	83.10	83.94	82.50	87.19	85.30	90.11	85.90	83.37
Thu 10-Apr-14	86.70	82.53	86.50	85.36	86.00	95.70	88.00	91.01	89.40	86.71
Thu 17-Apr-14	90.60	88.47	87.90	88.00	88.70	97.62	88.80	90.24	91.20	88.76
Thu 24-Apr-14	91.30	91.03	90.10	89.26	91.40	99.92	90.50	92.66	94.50	88.79
Thu 01-May-14	87.60	88.06	87.00	86.18	88.80	87.36	88.70	88.15	91.30	83.13
Thu 08-May-14	86.90	87.20	84.80	83.61	86.60	89.49	86.60	87.11	91.00	84.56
Thu 15-May-14	86.50	84.35	85.10	84.57	87.20	86.86	86.90	88.18	92.50	85.56
Thu 22-May-14	88.30	85.62	86.70	85.75	89.30	88.24	88.30	90.07	93.20	88.76
Thu 29-May-14	87.30	85.51	86.80	85.31	89.40	87.46	88.60	90.44	93.60	87.32
Thu 05-Jun-14	84.80	84.40	86.10	82.54	89.80	86.83	90.60	89.57	93.60	88.04
Thu 12-Jun-14	86.10	87.14	86.30	84.73	91.30	88.58	89.80	90.68	95.40	89.01
Thu 19-Jun-14	88.80	87.87	89.70	86.27	93.50	88.82	90.50	91.88	97.40	90.68
Thu 26-Jun-14	87.20	85.34	88.00	82.13	92.30	86.41	87.70	89.10	95.80	89.24
Thu 03-Jul-14	85.20	83.69	86.20	81.51	91.00	83.83	86.10	87.49	92.60	84.50
Thu 10-Jul-14	83.30	85.59	84.00	81.81	88.30	81.79	82.70	85.06	87.10	77.57
Thu 17-Jul-14	83.00	80.56	83.20	80.28	87.00	80.73	81.10	83.27	85.90	80.33
Thu 24-Jul-14	82.80	79.09	82.80	79.34	86.20	79.74	80.00	81.68	85.80	81.44
Thu 31-Jul-14	83.80	87.46	83.40	80.18	86.40	80.24	82.20	83.30	87.80	84.44
Thu 07-Aug-14	81.40	79.26	81.80	80.46	84.90	79.89	81.90	88.04	87.30	86.85
Thu 14-Aug-14	82.60	77.16	82.40	79.65	84.90	78.55	84.30	84.66	87.00	84.17
Thu 21-Aug-14	81.90	79.42	81.70	79.51	83.90	81.73	81.80	85.88	86.20	87.20
Thu 28-Aug-14	83.10	78.90	82.80	80.35	84.40	80.39	82.90	83.88	86.70	83.98

Sources: NRCan, Bloomberg Oil Buyers Guide

Gasoline Refining and Marketing Margins

Four-week rolling averages are used for the gasoline refining and marketing margins. Figure 5 shows the trends for the period ending September 2, 2014.

National average gasoline margins ended the week at nearly 20 cents, 4 cents per litre higher than at the same period last year. The refining and marketing margins for gasoline refer to the difference between the cost of the crude oil and the wholesale price at which a refiner can sell gasoline. The margin includes the costs associated with the refining of the product as well as a profit for the refiner.

Marketing margins hovered at 8 cents per litre and represent the difference between the wholesale and retail prices of gasoline. This margin pays for the costs associated with storing the gasoline until it is delivered, transporting it to the local service station, and operating the retail station.

Figure 5: Gasoline Refining and Marketing Margins
(Four-Week Rolling Average Ending September 2, 2014)
^_________ Refining Margin _______ Marketing Margin

Text version

Figure 5

These graphs show the trend in refining and marketing costs and margins for selected centres in Canada and the national average.

4-week rolling average	Canada		Vancouver		Calgary		Toronto		Montreal		Halifax
	Marketing Margin	Refining Margin	Marketing Margin	Refining Margin	Marketing Margin	Refining Margin	Marketing Margin	Refining Margin	Marketing Margin	Refining Margin	Marketing Margin	Refining Margin
2012-01-03	6.1	10.4	6.9	14.1	4.6	13.9	6.9	13.0	1.9	7.1	7.3	4.4
2012-01-10	6.1	11.3	6.4	14.9	3.0	14.2	6.7	13.8	3.7	7.5	7.1	5.0
2012-01-17	6.5	11.8	6.4	15.4	4.0	14.1	6.9	14.5	5.1	8.7	7.2	6.0
2012-01-24	7.3	11.5	6.3	15.1	5.0	13.6	7.0	14.9	7.5	9.1	8.3	6.5
2012-01-31	7.6	12.3	6.7	16.6	5.0	15.0	7.4	17.3	8.0	10.6	8.2	8.1
2012-02-07	7.2	13.6	6.8	16.6	5.2	16.5	7.4	18.9	6.2	10.6	8.4	8.2
2012-02-14	7.0	15.2	6.8	17.4	4.8	17.9	7.3	20.8	6.1	10.3	7.8	8.4
2012-02-21	6.6	16.2	6.9	18.5	3.9	18.6	7.5	21.4	5.1	10.1	7.9	8.7
2012-02-28	6.8	16.9	6.8	19.3	3.9	17.7	7.3	20.3	6.5	8.8	8.0	8.2
2012-03-06	7.1	15.4	7.2	22.2	4.9	18.9	7.3	21.6	6.7	7.7	8.1	7.9
2012-03-13	7.3	16.2	7.5	26.6	5.6	22.4	7.4	23.8	6.9	6.9	8.4	7.6
2012-03-20	7.5	18.1	7.5	31.2	6.0	26.7	7.2	27.6	7.8	6.4	8.0	7.3
2012-03-27	6.9	20.1	7.1	36.2	5.6	31.9	6.9	32.5	6.3	6.9	8.0	7.7
2012-04-03	6.8	24.3	6.8	39.0	4.8	34.7	6.7	35.3	7.8	8.7	7.6	9.6
2012-04-10	7.1	25.8	7.1	38.3	5.8	34.4	6.8	36.2	7.4	10.4	8.4	11.4
2012-04-17	7.5	26.2	7.5	37.4	7.2	33.9	7.0	36.6	6.9	12.1	8.8	13.1
2012-04-24	8.0	25.7	7.4	34.4	9.0	31.8	6.7	34.9	7.6	12.4	10.0	13.3
2012-05-01	9.3	23.3	7.8	31.6	11.0	28.9	7.0	32.0	6.5	12.6	9.8	12.6
2012-05-08	8.7	21.7	7.2	31.0	10.5	27.3	6.9	29.5	6.6	12.0	9.8	11.3
2012-05-15	8.4	20.7	6.8	32.0	9.7	26.3	6.6	27.5	6.8	11.2	9.2	10.1
2012-05-22	8.0	20.6	7.0	33.2	8.6	26.3	7.0	27.0	5.9	11.4	7.8	9.7
2012-05-29	8.1	20.5	6.2	37.0	7.4	28.4	6.8	28.0	7.0	12.0	7.8	10.1
2012-06-05	8.0	21.8	6.1	38.6	7.1	30.0	6.5	28.5	6.3	13.2	7.6	10.9
2012-06-12	7.5	22.8	6.2	37.9	7.0	30.9	6.7	27.8	6.2	14.0	7.9	11.5
2012-06-19	7.8	23.3	6.7	38.0	6.3	32.5	6.7	27.5	8.0	15.3	8.3	12.9
2012-06-26	7.6	23.7	6.8	35.7	6.8	32.5	6.6	26.5	6.9	15.2	8.4	12.9
2012-07-03	7.3	23.7	7.0	34.9	6.5	33.0	6.1	27.0	6.6	14.8	7.3	12.1
2012-07-10	7.0	24.5	6.6	35.3	6.3	34.4	5.3	29.0	7.4	14.7	6.4	11.8
2012-07-17	6.6	25.8	5.9	34.9	7.0	34.0	4.9	30.9	6.3	14.0	6.2	10.7
2012-07-24	7.1	25.9	6.7	35.0	6.6	34.6	5.4	32.5	7.7	13.6	6.9	10.3
2012-07-31	7.6	26.1	6.6	34.3	6.2	34.6	5.8	33.3	9.0	13.4	7.5	10.4
2012-08-07	7.5	26.6	6.8	32.0	5.3	33.2	6.3	32.7	8.1	13.5	7.6	9.9
2012-08-14	7.6	25.4	7.1	30.2	5.5	32.4	6.7	31.2	8.2	13.0	8.4	9.3
2012-08-21	7.2	24.5	7.1	27.9	6.1	30.7	6.3	29.3	6.9	12.8	8.4	8.8
2012-08-28	6.5	23.9	7.1	26.4	6.0	30.0	5.8	28.8	5.8	13.6	8.2	9.9
2012-09-04	6.5	22.7	7.1	25.2	6.5	29.7	5.5	27.9	6.1	13.4	9.6	10.9
2012-09-11	5.6	23.3	7.0	23.6	5.3	29.3	4.8	28.3	4.2	15.9	8.4	13.5
2012-09-18	6.1	23.3	7.2	22.8	5.9	30.1	5.4	28.8	4.8	17.3	9.0	15.8
2012-09-25	6.5	22.9	7.0	22.3	6.2	30.4	5.7	27.6	5.4	16.4	8.8	16.4
2012-10-02	5.9	24.2	6.3	23.3	6.0	31.2	5.3	28.3	4.3	18.7	7.0	18.5
2012-10-09	6.6	23.8	5.7	25.6	6.9	31.1	5.4	27.5	6.1	17.4	8.4	17.9
2012-10-16	6.7	22.9	4.7	26.6	7.3	29.3	5.2	26.3	6.8	15.7	8.0	16.6
2012-10-23	7.5	20.4	5.1	24.4	9.1	25.9	5.5	23.7	7.2	14.0	9.3	14.3
2012-10-30	8.5	17.2	5.5	21.6	11.4	22.0	5.5	20.9	8.6	10.3	9.3	10.3
2012-11-06	8.3	14.8	5.1	18.7	12.4	20.3	5.1	20.8	7.9	9.6	8.5	8.6
2012-11-13	7.3	15.1	5.4	17.2	11.5	19.3	4.6	21.7	5.2	10.4	6.7	8.7
2012-11-20	6.3	16.8	5.1	18.2	9.4	20.0	4.1	24.4	4.7	10.8	6.1	8.9
2012-11-27	6.0	17.2	5.0	18.7	7.3	21.2	4.9	25.5	4.4	10.8	7.4	8.9
2012-12-04	6.2	17.2	4.8	20.1	5.8	21.8	5.8	25.7	5.5	9.9	7.5	8.6
2012-12-11	6.5	16.3	4.3	19.3	5.5	21.0	6.1	24.0	6.9	7.9	9.1	6.3
2012-12-18	6.7	16.6	3.6	23.2	5.8	24.0	7.1	27.1	6.5	7.8	8.0	6.0
2012-12-25	6.4	17.7	3.0	25.6	5.8	24.4	6.8	28.8	5.4	7.5	7.4	5.8
2013-01-01	6.2	18.6	2.8	25.9	6.1	23.1	7.1	28.9	3.6	7.3	7.7	5.6
2013-01-08	6.4	19.0	2.7	24.5	6.0	19.8	7.1	27.6	4.4	8.0	7.5	6.6
2013-01-15	6.5	17.5	3.5	22.2	5.9	16.3	6.8	25.5	4.6	8.2	8.5	7.2
2013-01-22	6.9	15.6	4.4	20.2	6.3	14.3	7.0	23.9	5.5	8.3	8.5	7.6
2013-01-29	6.9	15.0	4.2	16.8	5.8	11.0	6.5	20.7	7.7	8.4	7.6	7.9
2013-02-05	7.0	14.6	4.2	18.2	6.4	12.3	6.8	21.1	8.1	9.5	7.1	9.2
2013-02-12	6.8	16.2	3.4	22.2	6.4	16.1	6.9	23.6	7.8	9.4	7.1	9.1
2013-02-19	6.4	18.5	2.4	25.6	6.2	19.9	6.8	25.7	7.0	11.0	7.4	10.8
2013-02-26	6.6	20.8	3.4	31.1	6.3	26.0	7.0	30.0	6.3	13.7	8.6	13.6
2013-03-05	6.7	22.7	4.7	32.0	5.2	27.8	7.0	30.1	6.7	13.9	9.3	14.0
2013-03-12	6.8	23.3	5.8	32.1	4.7	28.9	7.1	29.7	6.8	14.3	9.0	14.6
2013-03-19	7.2	23.1	7.0	31.5	5.1	29.1	7.4	29.4	6.8	12.3	9.1	12.8
2013-03-26	7.5	21.7	7.3	27.8	6.0	26.5	7.8	26.4	6.7	12.3	9.0	12.9
2013-04-02	7.1	20.9	6.9	26.5	6.4	25.8	7.5	25.6	5.2	12.6	8.4	12.9
2013-04-09	7.3	19.4	6.8	24.2	7.4	23.6	6.8	24.1	5.7	13.2	9.2	12.6
2013-04-16	7.8	17.9	6.9	22.7	7.7	21.6	6.7	22.2	7.2	11.6	10.1	10.5
2013-04-23	7.9	17.6	7.0	23.6	7.3	22.4	6.6	22.5	8.4	12.6	9.5	11.1
2013-04-30	8.2	17.6	7.2	24.1	7.4	22.9	6.8	22.2	9.5	12.2	9.2	10.6
2013-05-07	7.8	17.9	6.8	24.4	5.6	23.0	6.9	20.1	9.9	12.1	8.3	10.3
2013-05-14	7.4	19.2	6.7	27.0	4.4	25.1	6.9	19.3	10.2	12.4	7.8	10.2
2013-05-21	6.6	20.7	6.3	29.2	4.1	28.2	7.0	19.6	7.7	13.4	7.6	10.7
2013-05-28	6.7	21.3	6.3	31.3	5.4	32.2	7.0	20.8	6.9	13.8	8.1	10.9
2013-06-04	7.0	22.6	6.6	31.4	7.2	35.6	7.2	22.0	6.3	13.7	8.4	11.2
2013-06-11	7.3	23.3	6.8	29.9	8.5	36.8	7.2	22.9	6.4	13.9	8.1	11.8
2013-06-04	7.0	22.6	6.6	31.4	7.2	35.6	7.2	22.0	6.3	13.7	8.4	11.2
2013-06-11	7.3	23.3	6.8	29.9	8.5	36.8	7.2	22.9	6.4	13.9	8.1	11.8
2013-06-18	8.5	22.7	7.5	29.4	9.9	36.5	7.4	23.5	9.0	13.0	8.2	11.5
2013-06-25	8.7	22.2	7.5	29.0	10.4	34.3	7.6	23.4	8.8	12.4	8.3	11.5
2013-07-02	8.8	21.4	7.8	27.3	10.9	29.8	7.7	21.4	7.7	11.7	8.1	11.0
2013-07-09	8.6	21.3	7.6	27.5	10.8	26.9	7.5	21.2	7.5	12.1	7.2	11.7
2013-07-16	7.9	19.3	7.3	24.9	9.3	21.9	7.2	18.2	6.3	12.1	6.9	11.9
2013-07-23	7.8	18.3	8.0	23.9	8.0	20.3	7.0	17.8	7.0	12.7	7.4	12.5
2013-07-30	7.9	17.5	8.2	24.0	7.4	19.6	7.1	18.0	8.0	14.0	8.0	13.8
2013-08-06	7.6	17.4	8.2	23.6	6.2	19.4	6.9	18.2	7.1	14.5	9.0	14.4
2013-08-13	7.8	16.4	8.4	22.8	6.2	18.9	7.2	17.9	6.8	13.4	9.7	13.2
2013-08-20	7.9	16.1	8.0	23.0	6.9	18.6	7.3	17.8	6.6	12.7	8.8	12.7
2013-08-27	7.8	16.2	8.0	20.5	6.8	16.7	7.4	16.4	6.6	11.3	8.0	11.5
2013-09-03	7.9	15.2	8.1	19.5	7.2	16.4	7.3	16.5	6.9	11.4	8.1	11.7
2013-09-10	8.0	14.6	7.8	18.9	7.6	16.7	7.3	17.3	7.5	10.4	8.8	10.8
2013-09-17	8.2	14.0	7.6	17.7	7.1	15.6	7.9	16.7	7.2	9.1	9.1	9.4
2013-09-24	8.6	12.7	7.2	19.3	7.8	17.1	8.1	18.0	7.8	9.1	9.7	9.4
2013-10-01	8.8	12.1	7.0	18.4	8.4	16.3	8.6	16.8	7.4	7.3	9.2	7.9
2013-10-08	8.5	12.2	6.7	18.9	8.5	17.2	8.4	17.1	7.4	5.9	8.1	6.6
2013-10-15	7.8	12.5	6.2	18.2	7.5	17.8	7.6	17.2	7.3	5.1	7.0	6.1
2013-10-22	7.3	13.2	5.9	18.8	7.3	20.0	7.4	18.8	6.9	5.1	6.8	6.3
2013-10-29	7.3	13.9	5.7	18.1	7.8	20.1	6.9	19.1	7.6	5.1	6.7	6.3
2013-11-05	7.8	13.6	5.9	18.8	8.9	21.3	7.2	20.8	8.4	5.7	7.3	6.9
2013-11-12	7.8	14.5	6.0	18.5	9.5	21.2	7.4	21.2	7.6	6.0	7.4	7.0
2013-11-19	7.6	16.2	6.1	21.9	7.7	24.7	7.3	25.6	8.3	5.9	6.6	7.0
2013-11-26	7.6	17.8	5.8	23.7	7.2	26.9	7.9	28.3	8.8	6.8	6.6	7.8
2013-12-03	7.0	19.9	4.9	24.8	6.1	28.1	7.7	30.5	7.3	5.9	6.1	6.9
2013-12-10	7.3	20.2	4.5	24.3	6.1	27.8	7.9	30.9	8.3	6.2	6.9	7.0
2013-12-17	7.8	18.9	4.3	22.2	8.2	24.6	7.8	28.9	8.0	6.1	8.0	6.4
2013-12-24	7.2	18.4	4.7	22.3	7.6	22.9	7.7	28.5	5.6	6.8	7.6	6.5
2013-12-31	7.5	18.1	5.7	23.0	8.1	22.0	8.1	28.3	6.3	8.0	7.6	7.1
2014-01-07	7.7	16.4	5.2	20.8	7.6	18.6	7.4	25.3	4.7	8.1	6.3	7.4
2014-01-14	7.3	16.7	5.5	21.2	6.8	19.7	7.6	25.6	4.1	8.7	5.8	8.1
2014-01-21	7.9	16.3	5.2	20.1	7.0	19.4	7.6	24.3	6.4	8.1	6.6	7.7
2014-01-28	7.9	15.6	6.6	20.1	6.7	20.1	8.7	24.1	7.8	6.9	7.4	6.7
2014-02-04	7.6	16.1	5.5	20.0	6.7	21.3	8.0	24.2	8.2	6.5	8.1	6.7
2014-02-11	7.3	16.4	5.0	16.9	6.1	18.0	8.0	20.7	7.8	6.5	7.6	7.3
2014-02-18	7.0	15.0	4.6	16.4	6.7	17.7	7.9	20.3	6.6	7.2	7.6	8.7
2014-02-25	6.5	14.3	4.3	12.5	6.5	14.3	7.8	16.8	5.1	8.2	7.4	10.2
2014-03-04	6.3	14.1	4.0	11.8	6.7	13.3	7.2	15.0	5.0	9.1	7.4	11.6
2014-03-11	6.7	12.6	4.7	14.0	7.3	16.0	7.1	16.0	5.3	9.1	8.8	11.2
2014-03-18	7.1	13.3	5.9	15.3	6.5	17.9	7.6	15.7	6.3	8.5	9.6	10.4
2014-03-25	7.7	14.3	6.8	19.7	7.4	22.1	7.8	18.0	6.6	8.4	9.6	9.7
2014-04-01	8.1	15.1	8.3	21.5	7.3	24.1	8.4	18.9	7.0	8.4	9.4	8.7
2014-04-08	8.1	16.6	8.3	22.4	8.1	24.5	8.5	19.0	6.8	9.5	8.4	9.3
2014-04-15	7.8	18.2	8.5	23.7	9.0	24.9	8.4	20.3	5.8	11.1	7.1	11.0
2014-04-22	7.8	18.9	8.6	24.4	8.5	25.2	8.6	21.3	5.7	11.5	7.2	12.1
2014-04-29	8.0	20.0	8.7	26.0	9.3	26.1	8.7	23.0	5.9	12.2	8.2	13.2
2014-05-06	8.4	20.3	9.0	26.7	9.6	26.3	8.8	23.7	6.4	12.3	9.4	14.0
2014-05-13	8.7	19.8	8.4	27.4	9.9	26.0	8.5	23.5	7.4	11.5	10.0	13.3
2014-05-20	8.6	19.6	8.1	27.2	9.7	25.2	8.2	22.9	8.0	11.0	9.6	12.3
2014-05-27	8.0	19.4	7.7	27.2	7.9	24.8	7.8	22.5	8.0	10.8	8.4	12.1
2014-06-03	7.7	18.8	7.4	26.4	7.4	23.9	7.7	21.4	8.1	10.6	8.1	11.3
2014-06-10	7.4	19.4	7.3	26.4	6.9	24.3	7.6	22.0	7.7	11.2	7.8	11.3
2014-06-17	7.3	19.8	7.1	26.9	6.8	24.7	7.3	23.0	7.6	10.8	7.7	10.7
2014-06-24	7.8	19.9	7.3	28.5	8.6	25.7	7.7	24.8	7.6	11.0	8.0	10.5
2014-07-01	7.8	20.7	6.9	29.1	9.3	25.1	7.3	25.8	6.9	11.3	7.8	10.7
2014-07-08	8.2	20.0	7.7	28.0	10.0	24.0	7.7	25.6	7.1	10.8	8.2	10.3
2014-07-15	8.6	19.4	7.6	27.9	11.4	23.8	7.8	26.4	6.9	12.2	8.9	11.6
2014-07-22	8.4	19.0	7.3	26.2	11.2	22.4	7.1	25.6	7.2	11.6	8.7	11.3
2014-07-29	8.3	18.4	7.9	24.5	9.9	21.5	7.4	24.6	7.1	11.1	8.3	11.0
2014-08-05	7.9	18.2	7.6	24.6	8.9	21.6	7.2	24.4	7.2	10.4	8.1	10.4
2014-08-12	8.0	18.4	8.1	25.1	9.7	21.8	7.3	24.4	7.8	10.3	7.6	10.5
2014-08-19	8.6	17.8	8.3	25.2	10.5	22.3	7.3	24.2	7.0	10.1	7.8	10.4
2014-08-26	8.6	18.6	8.1	25.9	11.4	23.4	6.9	24.5	7.5	11.3	7.2	11.6
2014-09-02	8.4	19.5	7.9	26.6	11.8	24.5	6.8	24.7	7.4	12.2	7.0	12.5

Source: NRCan

Crude Oil Overview

Overall Crude Oil Prices Trend Lower

For the week ending August 29, 2014, prices for the three marker light crudes averaged between $606/m³ and $704/m³, (US$88 to US$103 per barrel). Compared to the previous week, the price for Brent and the Canadian Light crudes increased by $2/m³ and $8/m³ (US$0.55 to US$1.43 per barrel), respectively, while WTI prices dropped $6/m³ (US$0.59 per barrel).

Brent crude oil prices traded at a premium to WTI by a margin of $57/m³ (US$8 per barrel). Western Canadian Select prices averaged $531/m³ (US$77 per barrel), up $6/m³ (US$1 per barrel) from the previous week.

While the Russia-Ukraine conflict caused upward pressure on Brent crude oil prices, the risk premium seems to be partly offset by increases in Libyan oil exports and the reduced risk for Iraqi oil exports.

High U.S. crude oil inventory levels and lower refinery demand helped moderate the rise in WTI crude oil prices, which in turn put downward pressure on refined product prices.

Figure 6: Crude Oil Price Comparisons

Text version

Figure 6

This graph shows crude oil prices for Edmonton Par (Canadian Light Sweet after May 1, 2014), WTI, Brent and WCS. The average weekly prices for the period ending August 29, 2014, were $606/cubic metres, $647 cubic metres, $704/cubic metres and $531/cubic metres for the Canadian Light, WTI, Brent and WCS, respectively. Please note that as of May 1, 2014, the Edmonton Par crude oil prices are discontinued and replaced with the Canadian Light Sweet, a blend traded daily on the Net Energy Index and considered a benchmark crude for the Canadian crude market.

Dates	Edmonton Par Prices (Canadian Light Sweet afterMay 1, 2014)	WTI	Brent	WCS
01/12	608.11	639.88	709.45	551.13
02/12	594.50	640.89	750.59	520.48
03/12	538.60	663.34	780.71	468.90
04/12	528.21	644.60	751.91	439.53
05/12	548.81	601.64	704.10	477.03
06/12	507.78	532.76	618.43	429.13
07/12	477.07	560.69	659.07	408.58
08/12	544.82	587.49	707.75	430.74
09/12	570.15	582.08	697.56	481.00
10/12	578.61	555.66	694.60	496.00
11/12	539.87	543.52	686.30	454.40
12/12	467.14	549.56	680.33	360.23
01/13	549.97	592.14	699.83	387.55
02/13	553.76	605.29	736.06	370.93
03/13	560.66	598.93	705.36	430.10
04/13	571.20	590.06	663.78	441.27
05/13	598.81	608.31	662.59	519.16
06/13	577.25	630.51	680.52	489.10
07/13	664.03	685.36	703.73	592.16
08/13	665.21	697.44	722.47	595.65
09/13	647.06	691.84	723.16	543.60
10/13	592.41	655.54	713.92	483.77
11/13	511.65	620.13	711.21	413.23
12/13	524.69	655.42	740.65	394.48
01/14	561.87	651.27	735.43	452.06
02/14	665.35	699.89	756.56	566.93
03/14	655.67	701.90	752.47	554.81
04/14	647.62	704.92	747.57	550.77
05/14	652.85	697.62	748.13	566.87
06/14	665.50	715.93	762.22	589.57
July 4, 2014	651.71	703.00	749.35	561.05
July 11, 2014	629.36	688.74	728.76	540.83
July 18, 2014	627.34	687.24	723.61	528.94
July 25, 2014	629.82	695.83	728.64	539.58
August 1, 2014	614.31	682.52	728.63	529.33
August 8, 2014	610.28	671.27	722.88	533.53
August 15, 2014	610.50	667.95	711.40	544.40
August 22, 2014	597.81	652.64	701.88	525.80
August 29, 2014	606.24	647.08	704.08	531.40

Sources: NRCan

Changes in Crude Oil Prices

Crude Oil Types	Week Ending: 2014-08-29		Change From: Previous Week		Change From: Last Year
	$Can/ m3	$US/ bbl	$Can/ m3	$US/ bbl	$Can/ m3	$US/ bbl
Canadian Light	606.24	88.37	+8.42	+1.43	-94.14	-17.50
WTI	647.08	94.32	-5.56	-0.59	-69.32	-13.98
Brent	704.08	102.62	+2.20	+0.55	-51.21	-11.55
WCS	531.40	77.46	+5.60	+0.99	-25.83	-6.78

Source: NRCan

Download the report

Fuel Focus - Printable Version [PDF, 529 KB]

To read Adobe Acrobat® files, you will need to download and install the free Acrobat Reader® software available from Adobe Systems Incorporated.