Fuel Focus, November 28, 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 Lowest Since February 2011
After a two-week decline, the national average retail gasoline price for the week ending November 25, 2014, settled at $1.14 per litre - the lowest price since February 2011. This represents a decrease of almost 2 cents per litre from the previous week, reflecting lower North American wholesale gasoline prices and, in turn, lower world crude oil prices. Overall, pump prices are 12 cents per litre lower compared to the same period in 2013.
Diesel fuel and furnace oil prices declined by 1 cent per litre to $1.30 and $1.20 per litre, respectively, compared to the previous week. Prices for diesel are 2 cents per litre lower than they were at this time last year, while furnace oil prices are 1 cent per litre lower than 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 November 25, 2014, at 114.4 cents per litre, excluding taxes at 76.4 cents per litre, Canadian Light Sweet at 47.0 cents per litre and Brent at 56.2 cents per litre.
Date | 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 |
09/09/2014 | 133.0 | 93.3 | 61.2 | 69.5 |
16/09/2014 | 129.9 | 90.4 | 60.5 | 68.2 |
23/09/2014 | 129.4 | 90.0 | 61.1 | 68.0 |
30/09/2014 | 130.1 | 90.6 | 60.6 | 67.6 |
07/10/2014 | 128.0 | 88.8 | 60.8 | 66.4 |
14/10/2014 | 123.1 | 84.4 | 58.0 | 64.2 |
21/10/2014 | 121.9 | 83.2 | 54.8 | 60.5 |
28/10/2014 | 118.8 | 80.3 | 53.1 | 60.8 |
04/11/2014 | 117.8 | 79.5 | 51.7 | 60.8 |
11/11/2014 | 119.2 | 80.7 | 49.0 | 59.6 |
18/11/2014 | 116.2 | 78.1 | 47.5 | 57.2 |
25/11/2014 | 114.4 | 76.4 | 47.0 | 56.2 |
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 | 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 | 133.00 |
12-09-18 | 134.60 | 13-09-17 | 130.60 | 14-09-16 | 129.90 |
12-09-25 | 128.90 | 13-09-24 | 126.40 | 14-09-23 | 129.40 |
12-10-02 | 132.80 | 13-10-01 | 124.30 | 14-09-30 | 130.10 |
12-10-09 | 133.00 | 13-10-08 | 123.60 | 14-10-07 | 128.00 |
12-10-16 | 130.10 | 13-10-15 | 124.80 | 14-10-14 | 123.10 |
12-10-23 | 124.30 | 13-10-22 | 125.50 | 14-10-21 | 121.90 |
12-10-30 | 123.50 | 13-10-29 | 124.40 | 14-10-28 | 118.80 |
12-11-06 | 121.60 | 13-11-05 | 123.70 | 14-11-04 | 117.80 |
12-11-13 | 122.50 | 13-11-12 | 122.60 | 14-11-11 | 119.20 |
12-11-20 | 122.20 | 13-11-19 | 124.60 | 14-11-18 | 116.20 |
12-11-27 | 122.60 | 13-11-26 | 126.40 | 14-11-25 | 114.20 |
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: 2014-11-25 |
Change from: Previous Week |
Change from: Last Year |
---|---|---|---|
Gasoline | 114.4 | -1.8 | -12.0 |
Diesel | 130.4 | -1.1 | -1.8 |
Furnace Oil | 120.4 | -0.6 | -0.5 |
Natural Gas Prices $CA/GJ |
|||
Alberta (NGX) | 3.50 | +0.15 | +0.23 |
Ontario (Dawn) | 5.00 | -0.16 | +1.01 |
Source: NRCan, Bloomberg, NGX
2014-11-14 | ¢/kilogram | ¢/L gasoline equivalent | ¢/L diesel equivalent |
---|---|---|---|
Vancouver | 118.0 | 77.8 | 80.7 |
Edmonton | 115.1 | 75.9 | 78.7 |
Toronto | 128.4 | 84.7 | 87.8 |
Source: ¢/kg Kent Marketing Services Limited
Recent Developments
- Natural Gas Price Coverage: The Fuel Focus report will now provide natural gas price comparisons in two main trading centres in Canada. In Alberta, the natural gas price is the wholesale price each day, traded on the NGX electronic exchange and clearing agency, for one-month gas to be delivered in the near month. The Ontario Dawn hub is located 35 kilometers southeast of Sarnia, Ontario. The Dawn facility link in the movement of natural gas from Western Canadian and U.S. supply basins to markets in central Canada, the Great Lakes region and the northeast U.S. The price data is from Bloomberg and represents the spot natural gas prices at Dawn.
The natural gas price for consumers is composed of three main elements: 1) the price of the commodity; 2) pipeline transportation costs; and 3) distribution and other costs from local distribution companies. For consumers in Alberta the price will reflect the Alberta price plus relatively low pipeline costs. In general, the shorter the distance for the natural gas to travel, the lower the price will be. In Ontario, consumer prices will reflect Dawn and/or Alberta prices, and generally higher transportation costs.
- Canadian Propane Market Update: According to the National Energy Board (NEB) propane prices have fallen considerably since last winter. In April 2014, the NEB and the Competition Bureau released a report which explained the wholesale propane price spike in Edmonton and Sarnia in late January 2014, and in the U.S. Midwest pricing hub in Conway, Kansas. As of October 2014, daily prices at Edmonton and Sarnia averaged 23 and 33 cents per litre, respectively, down from 76 cents per litre in late January 2014. As of the start of November, underground propane inventories are at 11 year highs in Canada and at record highs in the U.S., driven largely by record Gulf Coast storage levels. (Source: National Energy Board)
Retail Gasoline Overview
For the period ending November 25, 2014, the four-week average regular gasoline pump price in selected cities across Canada was $1.17 per litre, a decrease of 2.5 cents per litre compared to the previous report of November 14, 2014. Compared to the same period in 2013, the average Canadian pump price is 3 cents per litre lower.
The four-week average crude component was 57 cents per litre, a decrease of 3 cents compared to two weeks ago. Retail gasoline prices in selected Western cities (Vancouver to Winnipeg) ranged from $1.06 to $1.28 per litre. Compared to two weeks ago, prices have decreased on average by 2 cents per litre. Comparatively, prices in Eastern cities (Toronto to St. John’s) ranged from $1.16 to $1.27 per litre, and most Eastern cities observed a price decrease on average of 3 cents per litre.
At the national level, refining and marketing costs and margins ended at 22 cents per litre, up 1 cent per litre from the previous report two weeks ago. This is 3 cents per litre lower than at this time last year.
Figure 3: Regular Gasoline Pump Prices in Selected Cities Four-Week Average (November 4 to 25, 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 | 127.9 | 137.7 | 128.2 | 105.5 | 108.5 | 106.8 | 116.0 | 126.6 | 115.8 | 117.9 | 117.6 | 118.6 | 116.9 |
Crude (est.) / Brut (est.) | 48.8 | 48.8 | 48.8 | 48.8 | 48.8 | 48.8 | 52.8 | 58.5 | 58.5 | 58.5 | 58.5 | 58.5 | 56.7 |
Federal Taxes / Taxes fédérales | 16.1 | 16.6 | 10.0 | 15.0 | 15.2 | 15.1 | 10.0 | 15.5 | 10.0 | 10.0 | 10.0 | 10.0 | 15.2 |
Provincial Tax / Taxe provinciale | 6.2 | 10.7 | 32.2 | 9.0 | 15.0 | 14.0 | 14.7 | 33.2 | 13.6 | 15.5 | 13.1 | 16.5 | 22.9 |
HST | 6.1 | 13.3 | 13.3 | 15.4 | 14.4 | 13.6 | |||||||
Refining & Marketing Costs & Margins / Coûts et | 56.8 | 61.6 | 31.1 | 32.7 | 29.5 | 28.9 | 25.2 | 19.4 | 20.3 | 18.5 | 21.5 | 20.0 | 22.1 |
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.
U.S. New Vehicle Fuel Economy Rose to Record 24.1 Miles Per Gallon in 2013
After rising by 1.2 miles per gallon from 2011 to 2012, the average fuel economy of new cars and light trucks produced in the U.S. in 2013 increased by another 0.5 mpg to a record 24.1 mpg, according to the U.S. Environmental Protection Agency. CO2 emissions from new vehicles fell to a record low of 369 grams per mile in 2013.
New vehicle fuel economy has improved in eight of the past nine years and is nearly 5 mpg higher than in 2004, and EPA expects a further increase of 0.1 mpg in the 2014 model year, reflecting a 2% increase in production of less-efficient pickups and SUVs. The fuel economy of new truck-based SUVs grew by 27% from 2004-13, while that of cars and car-based SUVs increased by 23%.
Mazda had the highest average economy rating for the 2013 model year, 28.1 mpg, followed by Honda at 27.4 mpg. The Detroit 3 automakers had the lowest fuel economy ratings as their sales are more oriented toward pickups and SUVs.
Source: Fuels & Vehicle Report, Ontario Ministry of Energy.
Wholesale Gasoline Prices
For the week ending November 20, 2014, compared to the previous week, wholesale gasoline price changes ranged from a decline of 4 cents per litre to an increase of almost 1 cent per litre.
In selected Eastern Canadian and American centres, wholesale gasoline prices, compared to the previous week, registered decreases ranging from 2 cents per litre to increases of less than 1 cent per litre. Prices ended between 65 and 70 cents per litre.
In Western Canadian and U.S. centres, wholesale gasoline prices ranged from a decrease of more than 4 cents per litre to an increase of less than 1 cent per litre. Prices ended the period between 64 and 70 cents per litre.
Compared to this time last year, wholesale price changes in both Canadian and American centres decreased in the range of 3 to 15 cents per litre.
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 |
Thu 04-Sep-14 | 83.10 | 80.84 | 83.70 | 79.15 | 84.90 | 82.42 | 84.60 | 83.78 | 87.50 | 82.30 |
Thu 11-Sep-14 | 81.50 | 76.41 | 81.80 | 76.36 | 81.60 | 81.51 | 83.70 | 81.38 | 84.00 | 76.59 |
Thu 18-Sep-14 | 80.60 | 77.81 | 80.50 | 74.98 | 80.70 | 79.17 | 81.60 | 80.84 | 82.80 | 71.42 |
Thu 25-Sep-14 | 83.60 | 78.95 | 83.50 | 80.27 | 83.20 | 82.88 | 82.40 | 84.63 | 81.10 | 74.90 |
Thu 02-Oct-14 | 81.10 | 79.27 | 80.70 | 78.81 | 80.80 | 77.62 | 80.70 | 77.68 | 79.00 | 70.20 |
Thu 09-Oct-14 | 76.90 | 79.26 | 76.00 | 66.83 | 75.10 | 72.60 | 76.90 | 75.00 | 73.00 | 62.09 |
Thu 16-Oct-14 | 72.80 | 80.09 | 71.40 | 71.13 | 70.90 | 73.39 | 71.60 | 77.11 | 68.80 | 60.12 |
Thu 23-Oct-14 | 73.00 | 79.88 | 71.20 | 68.07 | 71.40 | 73.20 | 71.00 | 84.35 | 68.90 | 61.00 |
Thu 30-Oct-14 | 72.80 | 67.77 | 72.30 | 68.97 | 73.10 | 71.65 | 70.00 | 74.62 | 71.90 | 62.09 |
Thu 06-Nov-14 | 68.60 | 67.60 | 68.40 | 68.48 | 69.50 | 72.40 | 70.10 | 69.67 | 71.40 | 67.60 |
Thu 13-Nov-14 | 69.50 | 65.75 | 69.90 | 65.51 | 70.50 | 69.41 | 69.90 | 62.53 | 74.60 | 68.81 |
Thu 20-Nov-14 | 68.20 | 65.89 | 68.10 | 64.70 | 68.40 | 70.32 | 65.70 | 62.55 | 70.30 | 64.40 |
Sources: NRCan, Bloomberg Oil Buyers Guide
Gasoline Refining and Marketing Margins
Four-week rolling averages are used for gasoline refining and marketing margins.
Compared to two weeks ago, refining margins in most selected markets rose on average by less than 1 cent per litre to nearly 17 cents per litre, compared to the previous week. Across Canada, refining margins ranged from 11 to 23 cents per litre.
Marketing margins, which cover the costs of operating a service station outlet, remained unchanged at 9 cents per litre. Marketing margins for the five centres registered between 8 and 11 cents per litre.
The marketing margin is the difference between the pump price (excluding taxes) and the price paid by the retailer to purchase the gasoline.
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 |
2014-09-09 | 8.5 | 19.6 | 7.6 | 26.4 | 10.1 | 25.2 | 7.1 | 24.1 | 7.6 | 13.4 | 7.5 | 13.3 |
2014-09-16 | 8.0 | 20.1 | 8.2 | 25.4 | 8.5 | 25.4 | 7.6 | 22.9 | 7.7 | 13.4 | 7.8 | 13.3 |
2014-09-23 | 8.2 | 19.3 | 8.3 | 24.1 | 7.8 | 24.8 | 8.0 | 21.8 | 7.8 | 13.8 | 8.1 | 13.7 |
2014-09-30 | 8.1 | 19.2 | 8.6 | 22.2 | 7.5 | 24.4 | 7.9 | 21.6 | 7.3 | 14.3 | 8.0 | 14.2 |
2014-10-07 | 8.4 | 18.1 | 9.2 | 20.2 | 9.2 | 23.7 | 7.6 | 20.8 | 7.2 | 14.5 | 8.9 | 14.9 |
2014-10-14 | 8.8 | 17.0 | 8.6 | 17.9 | 11.0 | 22.1 | 7.7 | 19.2 | 8.0 | 13.2 | 9.6 | 13.9 |
2014-10-21 | 9.2 | 15.7 | 9.2 | 17.7 | 12.4 | 23.0 | 7.7 | 20.4 | 8.8 | 14.5 | 9.3 | 15.4 |
2014-10-28 | 9.6 | 13.4 | 8.5 | 16.5 | 13.8 | 21.1 | 8.0 | 18.8 | 9.2 | 12.5 | 9.6 | 13.5 |
2014-11-04 | 9.3 | 15.2 | 8.1 | 18.5 | 12.3 | 22.2 | 8.4 | 19.9 | 9.4 | 11.5 | 8.9 | 12.3 |
2014-11-11 | 9.2 | 16.2 | 8.3 | 19.7 | 10.5 | 21.9 | 8.7 | 20.2 | 9.9 | 10.6 | 7.5 | 11.1 |
2014-11-18 | 9.2 | 16.4 | 8.4 | 22.4 | 10.7 | 22.9 | 8.8 | 21.4 | 9.1 | 11.0 | 8.5 | 11.3 |
2014-11-25 | 9.2 | 16.8 | 9.4 | 22.7 | 10.9 | 22.7 | 8.7 | 21.4 | 9.4 | 10.8 | 8.3 | 11.0 |
Source: NRCan
Crude Oil Overview
Global Crude Oil Prices Decline
For the week ending November 21, 2014, light crude oil prices averaged between $470/m3 and $562/m3, (US$66 to US$79 per barrel). While the price of all three light crude oil markers declined compared to the previous week, the price for Brent and WTI declined by $9/m3 (US$1 per barrel), while the Canadian Light crude oil declined by less than $6/m3 (US$ 0.65 per barrel).
The price for Canadian heavy oil (Western Canada Select) averaged $420/m3 (US$59 per barrel) for the week ending November 21, 2014. Compared to last year at the same period, WCS rose by $43/m3 (US$1.93 per barrel).
The crude oil price differential between the Canadian light and WTI hovered at $70/m3 (US$9 per barrel) in the last three weeks.
Global crude oil prices continue to push downward as analysts and traders focused on the upcoming meeting of the Organization of Petroleum Exporting Countries (OPEC) and the Iran nuclear talks. On November 27, 2014, OPEC members decided to maintain current oil output pushing global crude oil benchmark prices lower. U.S. crude oil inventories continue to hover at their five-year average high putting downward pressure on the WTI 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 November 21, 2014, were $470/cubic metres, $536/cubic metres, $562/cubic metres and $420/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 after May 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 |
07/14 | 629.45 | 690.70 | 730.08 | 558.81 |
08/14 | 606.25 | 660.32 | 710.46 | 507.84 |
09/14 | 608.92 | 644.03 | 681.65 | 515.00 |
10/14 | 551.84 | 594.78 | 621.20 | 497.90 |
October 31, 2014 | 517.08 | 572.71 | 607.68 | 469.65 |
November 7, 2014 | 532.84 | 559.83 | 596.45 | 441.76 |
November 14, 2014 | 475.07 | 544.79 | 571.64 | 429.59 |
November 21, 2014 | 469.56 | 536.30 | 562.43 | 420.11 |
Sources: NRCan
Crude Oil Types | Week Ending: 2014-11-21 |
Change From: Previous Week |
Change From: Last Year |
|||
---|---|---|---|---|---|---|
$Can/ m3 |
$US/ bbl |
$Can/ m3 |
$US/ bbl |
$Can/ m3 |
$US/ bbl |
|
Canadian Light | 469.56 | 66.05 | -5.51 | -0.65 | -18.48 | -8.02 |
WTI | 536.30 | 75.44 | -8.49 | -1.05 | -83.77 | -18.66 |
Brent | 562.43 | 79.11 | -9.21 | -1.14 | -155.27 | -29.80 |
WCS | 420.11 | 59.09 | -9.48 | -1.22 | +43.34 | +1.93 |
Source: NRCan
EIA Short-Term Energy Outlook
The U.S. Energy Information Administration’s (EIA) recently released November Short-Term Energy Outlook projects that Brent crude prices will average $83/barrel in 2015, $18/barrel lower than last month’s outlook for 2015. STEO projects prices to remain in the $80 to $90 per barrel range next year, bottoming out under $82/barrel in the second quarter when balances are loosest and then increasing during the second half of 2015 to average $86/barrel in the fourth quarter.
The combination of robust U.S. production growth, a return of disrupted Libyan production despite recent setbacks, weakening expectations for the global economy – particularly in China – and seasonally low refinery demand have weighed on oil prices. More recently, indications from Saudi Arabia that it will not operate as the unilateral global swing supplier have put further downward pressure on traders’ views of the market. Signs of willingness of other OPEC members to trim production have been scarce. Together, these conditions point to a much looser global supply/demand balance in 2015.
Source: EIA, (excepts from This Week in Petroleum)
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