Fuel Focus, April 4, 2014
Table of Contents
- National Overview
- Recent Developments
- Retail Gasoline Overview
- Wholesale Gasoline Prices
- Gasoline Refining and Marketing Margins
- Crude Oil Overview
- Download the report
National Overview
Canadian Retail Gasoline Prices Remain Unchanged at $1.33 per Litre from Last Week
For the week ending April 1, 2014, average Canadian retail gasoline prices remained unchanged from the previous week at $1.33 per litre. However, average retail pump prices are 1 cent per litre higher compared to two weeks ago and 4 cents per litre higher compared to the same period last year.
Diesel fuel prices decreased by less than 1 cent per litre to $1.42 per litre from the previous week. Prices are 11 cents per litre higher compared to the same period last year. Furnace oil prices are also down by less than 1 cent per litre compared to last week, and are 7 cents per litre higher than at this time last year.
Retail pump prices were muted partly due to wholesale gasoline lower price fluctuations in some selected centres despite slightly higher crude oil prices.
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 April 1, 2014, at 132.9 cents per litre, excluding taxes at 93.2 cents per litre, Edmonton Par at 64.4 cents per litre and Brent at 75.2 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 |
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 | |
12-04-17 | 136.70 | 13-04-16 | 125.00 | 14-04-15 | |
12-04-24 | 132.00 | 13-04-23 | 125.10 | 14-04-22 | |
12-05-01 | 131.90 | 13-04-30 | 126.30 | 14-04-29 | |
12-05-08 | 129.50 | 13-05-07 | 126.00 | 14-05-06 | |
12-05-15 | 130.30 | 13-05-14 | 129.30 | 14-05-13 | |
12-05-22 | 128.50 | 13-05-21 | 131.40 | 14-05-20 | |
12-05-29 | 129.30 | 13-05-28 | 132.90 | 14-05-27 | |
12-06-05 | 126.80 | 13-06-04 | 131.10 | 14-06-03 | |
12-06-12 | 126.70 | 13-06-11 | 132.90 | 14-06-10 | |
12-06-19 | 126.80 | 13-06-18 | 133.10 | 14-06-17 | |
12-06-26 | 123.70 | 13-06-25 | 130.50 | 14-06-24 | |
12-07-03 | 123.10 | 13-07-02 | 128.30 | 14-07-01 | |
12-07-10 | 126.00 | 13-07-09 | 132.40 | 14-07-08 | |
12-07-17 | 128.00 | 13-07-16 | 134.40 | 14-07-15 | |
12-07-24 | 129.20 | 13-07-23 | 134.70 | 14-07-22 | |
12-07-31 | 127.30 | 13-07-30 | 132.70 | 14-07-29 | |
12-08-07 | 129.70 | 13-08-06 | 131.50 | 14-08-05 | |
12-08-14 | 131.00 | 13-08-13 | 130.00 | 14-08-12 | |
12-08-21 | 130.30 | 13-08-20 | 132.00 | 14-08-19 | |
12-08-28 | 130.60 | 13-08-27 | 133.00 | 14-08-26 | |
12-09-04 | 130.90 | 13-09-03 | 133.90 | 14-09-02 | |
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 |
¢/L | Week of: 2014-04-01 | Change from: Previous Week | Change from: Last Year |
---|---|---|---|
Gasoline | 132.9 | 0.0 | +4.2 |
Diesel | 142.3 | -0.6 | +11.4 |
Furnace Oil | 129.3 | -0.1 | +7.0 |
Source: NRCan
2014-04-01 | ¢/kilogram | ¢/L gasoline equivalent | ¢/L diesel equivalent |
---|---|---|---|
Vancouver | 114.6 | 75.6 | 78.4 |
Edmonton | 115.1 | 75.9 | 78.7 |
Toronto | 110.6 | 73.0 | 75.6 |
Source: ¢/kg Kent Marketing Services Limited
Recent Developments
- Ontario Biodiesel Tax Exemption Repealed: As announced in the 2013 Ontario Budget, the fuel tax exemption for biodiesel was repealed on April 1, 2014. Unless otherwise exempted, all fuel used to generate power in an internal combustion engine, including biodiesel, is now taxable at a rate of 14.3 cents per litre. Prior to April 1, 2014, biodiesel that is ester-based and oxygenated was exempt from fuel tax in Ontario. This included any portion blended with petroleum-based diesel for use in a motor vehicle. (Source: Ontario Ministry of Finance)
- Valero Select Oil Transport Company: Valero, owner of the Valero Jean Gaulin Refinery in Levis near Quebec City, chose Groupe Desgagnés to transport crude oil on the St. Lawrence River between Montreal and Levis. Valerio expects to receive crude oil from Western Canada by the end of the year via the Enbridge pipeline system to its Montreal East storage facilities. More than 100 trips by ships are expected on the St. Lawrence River between Montreal and Levis. (Source: Le Soleil, March 23, 2014)
- Increase in Canadian Crude Oil Prices: In 2014, rising Canadian crude oil production has been accompanied by higher prices for Canadian crude exports. Factors which contributed to the rising price for Canadian oil includes the opening of the southern leg of the Keystone XL pipeline in January 2014, and the completion of BP's Whiting, Indiana refinery modernization project, which uses heavy crude and thus supports higher prices for Canadian crude oil. (Source: NRCan)
Retail Gasoline Overview
The four-week average regular gasoline pump price in selected cities across Canada was $1.32 per litre for the period ending April 1, 2014. This is 3 cents per litre higher than last year at the same time.
The four-week average crude oil price component of gasoline registered at nearly 70 cents per litre, down by 2 cents per litre from two weeks ago. Compared to the same period in 2013, the crude oil price component of gasoline is 7 cents per litre higher.
Ranging from $1.20 per litre to $1.43 per litre, retail gasoline prices in most Western centres increased, on average, by 3 cents per litre compared to two weeks ago. Prices in Eastern centres decreased on average by 1 cent per litre, and ranged from $1.31 per litre to $1.41 per litre.
At the national level, refining and marketing costs and margins increased by almost 3 cents per litre from two weeks ago, and are 4 cents per litre lower than last year at this time.
Figure 3: Regular Gasoline Pump Prices in Selected Cities Four-Week Average (March 11 to April 1, 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 | 134.4 | 138.9 | 142.7 | 120.1 | 127.7 | 124.7 | 131.1 | 141.0 | 134.3 | 136.4 | 136.7 | 135.5 | 132.4 |
Crude (est.) | 65.6 | 65.6 | 65.6 | 65.6 | 65.6 | 65.6 | 65.6 | 75.3 | 75.3 | 75.3 | 75.3 | 75.3 | 69.5 |
Federal Taxes | 16.4 | 16.6 | 10.0 | 15.7 | 16.1 | 15.9 | 10.0 | 16.1 | 10.0 | 10.0 | 10.0 | 10.0 | 15.9 |
Provincial Tax | 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 | 6.8 | 15.1 | 15.4 | 17.8 | 16.8 | 15.6 | |||||||
Refining & Marketing Costs & Margins | 46.2 | 46.0 | 28.1 | 29.8 | 31.0 | 29.2 | 25.7 | 15.1 | 19.9 | 17.8 | 21.5 | 18.1 | 23.4 |
Source: NRCan
* Regulated Markets
Inflation Up 1% in February 2014
According to Statistics Canada’s Consumer Price Index (CPI) report released March 21, 2014, the CPI rose 1.1% in the 12 months to February, following a 1.5% increase in January. The smaller year-over-year rise in the CPI in February compared with January was mainly attributable to gasoline prices, which fell 1.3% in the 12 months to February, following a 4.6% increase in January. On a monthly basis, gasoline prices rose 2.3% this February, a smaller increase than in the same month a year earlier (+8.4%).
Consumer prices decelerated in nine provinces in the 12 months to February, led by slower rates of change in gasoline prices. Saskatchewan was the lone province where the all-items CPI did not decelerate. Gasoline prices fell on a year-over-year basis in eight provinces, with Quebec posting the largest decline (-3.2%). Prince Edward Island and Saskatchewan were the only provinces where gasoline prices increased in the 12 months to February, although at slower rates than in January.
Source: The Daily
Wholesale Gasoline Prices
Overall, wholesale gasoline price changes ranged from a decrease of 2 cents per litre to an increase of 2 cents per litre for the week of March 27, 2014, compared to the previous week.
Wholesale gasoline prices in Eastern markets in both Canada and the United States registered increases ranging from 1.6 cent per litre to decreases of 2 cents per litre, compared to the previous week, ending the period in the 83 to 87 cent-per-litre range.
In comparison, Western wholesale gasoline price changes ranged from a decrease of less than 1 cent per litre to an increase of nearly 2 cents per litre, with prices ending the period in the range of 86 to 91 cents per litre.
Overall, prices in all selected centres increased from less than 1 to 8 cents per litre, compared to the same period last year.
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 |
Sources: NRCan, Bloomberg Oil Buyers Guide
Gasoline Refining and Marketing Margins
Four-week rolling averages are used for gasoline refining and marketing margins.
The refining margins downward slope observed since December 2013 reflects the adequate gasoline supply in North America’s distribution system. With the arrival of summer, these margins tend to be volatile mainly due to seasonal fluctuations such as higher demand for gasoline during the summer driving season or events that constrain supplies such as weather-related incidents. Other types of constraints such as scheduled or unscheduled refinery shutdowns can also impact this margin.
Nationally, marketing margins continue to hover around an average of 7 cents per litre. However, as outlets compete for market share, marketing margins can be volatile—as shown in the individual centres.
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 |
Source: NRCan
Crude Oil Overview
Crude Oil Prices Hover in a Narrow Range in the Last Three Weeks
For the week ending March 28, 2014, prices for the three marker crudes averaged between $644/m3 and $756/m3 (US$92 to US$108 per barrel). While both Edmonton Par and Brent prices rose by $10/m3 (US$2 per barrel), respectively, from the previous week, WTI declined by almost $2/m3 (US$0.06 per barrel).
For the week ending March 28, 2014, the price differential between Edmonton Par and WTI closed at $51/m3 (US$7 per barrel). The price gap between Brent and WTI stood at $61/m3 (US$9 per barrel).
Upward pressure eased on North American crude oil prices after the U.S. Coast Guard partially reopened tanker traffic by mid-week following a collision that triggered an oil spill in Texas' Galveston Bay on March 22, 2014. The key 53-mile (85 kilometres) Houston Ship Channel links Gulf Coast refineries and petrochemical plants with the Gulf of Mexico.
Meanwhile, U.S. commercial crude oil inventories were near the upper limit of their five-year average range, contributing to lower crude oil prices.
Figure 6: Crude Oil Price Comparisons
Text version
Figure 6
This graph shows crude oil prices for Edmonton Par, WTI and Brent. The average weekly prices for the period ending March 28, 2014, were $644/cubic metres, $695/cubic metres and $757/cubic metres for Edmonton Par, WTI and Brent, respectively.
Date | Edmonton Par Prices | WTI Prices | Brent Prices |
01/12 | 608.11 | 639.88 | 709.45 |
02/12 | 594.50 | 640.89 | 750.59 |
03/12 | 538.60 | 663.34 | 780.71 |
04/12 | 528.21 | 644.60 | 751.91 |
05/12 | 548.81 | 601.64 | 704.10 |
06/12 | 507.78 | 532.76 | 618.43 |
07/12 | 477.07 | 560.69 | 659.07 |
08/12 | 544.82 | 587.49 | 707.75 |
09/12 | 570.15 | 582.08 | 697.56 |
10/12 | 578.61 | 555.66 | 694.60 |
11/12 | 539.87 | 543.52 | 686.30 |
12/12 | 467.14 | 549.56 | 680.33 |
01/13 | 549.97 | 592.14 | 699.83 |
02/13 | 553.76 | 605.29 | 736.06 |
03/13 | 560.66 | 598.93 | 705.36 |
04/13 | 571.20 | 590.06 | 663.78 |
05/13 | 598.81 | 608.31 | 662.59 |
06/13 | 577.25 | 630.51 | 680.52 |
07/13 | 664.03 | 685.36 | 703.73 |
08/13 | 665.21 | 697.44 | 722.47 |
09/13 | 647.06 | 691.84 | 723.16 |
10/13 | 592.41 | 655.54 | 713.92 |
11/13 | 511.65 | 620.13 | 711.21 |
12/13 | 524.69 | 655.42 | 740.65 |
01/14 | 561.87 | 651.27 | 735.43 |
02/14 | 665.35 | 699.89 | 756.56 |
March 7, 2014 | 702.84 | 715.11 | 758.97 |
March 14, 2014 | 642.84 | 692.50 | 753.93 |
March 21, 2014 | 633.84 | 633.84 | 746.73 |
March 28, 2014 | 644.04 | 694.92 | 756.54 |
Sources: NRCan
Crude Oil Types | Week Ending: 2014-03-28 |
Change From: Previous Week | Change From: Last Year | |||
---|---|---|---|---|---|---|
$Can/ m3 |
$US/ bbl |
$Can/ m3 |
$US/ bbl |
$Can/ m3 |
$US/ bbl |
|
Edmonton Par | 644.04 | 91.99 | +10.20 | +1.64 | +60.33 | +0.77 |
WTI | 694.92 | 99.25 | -1.68 | -0.06 | +78.82 | +3.00 |
Brent | 756.54 | 108.05 | +9.80 | +1.60 | +57.45 | -1.16 |
Source: NRCan
Canadian Crude Oil Production
In 2012, Canada became the world’s 5th largest oil producer. A decline in Iranian oil output, following a European embargo on Iranian oil imports was a key factor leading to this new ranking. For the past two years, only Saudi Arabia, the United States, Russia and China had higher oil production than Canada.
In 2014, with new oil sands production expected to come online, Canadian oil production could exceed China’s, and this would make Canada the world’s 4th largest oil producer.
Canadian oil and natural gas liquids production grew from an average of 3.4 million barrels per day (mb/d) in 2011 to a record high of 4.3 mb/d in February 2014 with higher oil sands and tight oil output accounting for the growth in production. In contrast, China’s oil production rate has been relatively flat, ranging between 4 mb/d and 4.3 mb/d in the December 2010 to February 2014 period.
Source: Natural Resources Canada
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