CALGARY, May 14, 2019 /CNW/ – Canada’s vast gasoline production and transportation infrastructure ensures flexible and reliable supply for Canadians but unique market conditions in each region drive prices at the pump, according to a new report released by the National Energy Board (NEB).
The report titled Where does Canada’s gasoline come from?, explains the journey a barrel of crude oil travels from the well head into gas tanks of Canadians. It also features an interactive dashboard that allows Canadians to view daily gas prices and explore how prices have changed over time in 70 major centres in Canada.
Gasoline prices are determined by a combination of crude oil pricing, refining margin, marketing margin and taxes; fluctuations in any of those components will affect the price consumers pay at the pump.
The NEB monitors energy markets and assesses Canadian energy requirements and trends. This report is part of a portfolio of publications on energy supply, demand and infrastructure that the NEB publishes regularly as part of its ongoing market monitoring.
Quotes
“Gasoline production in Canada is driven by local markets and a complex supply chain system. Our report gives insight into factors that cause gas prices fluctuations while explaining gasoline supply and demand dynamics in Canada.”
– Jean-Denis Charlebois, Chief Economist, National Energy Board
Quick Facts
Associated links:
The National Energy Board is an independent federal regulator of several parts of Canada’s energy industry. It regulates pipelines, energy development and trade in the public interest with safety as its primary concern. For more information on the NEB and its mandate, please visit www.neb-one.gc.ca
SOURCE National Energy Board
View original content: http://www.newswire.ca/en/releases/archive/May2019/14/c4209.html