Quarterly Report of Petroleum Pricing in Canada

This document is a guide that provides an understanding of the factors affecting pump prices of gasoline and diesel in Canada. It examines the relationship between crude oil prices, wholesale prices, and local competitive activity. The report includes a one-year history of average prices for regular gasoline and diesel, detailing their components such as taxes, marketing margins, refining margins, and crude oil costs. It presents figures that illustrate the breakdown of gasoline prices in various Canadian markets, including the impact of environmental charges and taxes. Additionally, the report outlines expectations for future retail gasoline and diesel prices based on current trends and seasonal movements. The document also includes a glossary that defines key terms related to petroleum pricing, such as 'rack price', 'refiner margin', and 'marketer margin'. Overall, the report aims to provide a simplified yet detailed view of gasoline and diesel pricing dynamics in Canada.