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Fuel Focus, October 10, 2006: Wholesale Gasoline Prices

Wholesale gasoline prices declined on average 1.2 cents per litre for most of the selected Canadian and U.S. cities for the week of October 5th, compared to the previous week.  In the last six weeks wholesale gasoline prices have declined approximately 8 and 7 cents per litre in Canadian and U.S. selected cities, respectively, mainly as a result of a continued decline in crude oil prices.

Canadian and U.S. wholesale prices are 14 cents per litre lower than last year at this time.

Last year’s prices were exceptionally high due to the supply interruptions resulting from the hurricane damage. 

The price differential between Halifax and Boston stood at 2.3 cents per litre while the Vancouver and Seattle price gap was 2 cents per litre for the week of October 5th. That week the latter cities showed the largest wholesale price decline of approximately 4 cents per litre, lagging earlier price decreases in other markets.

Figure 4: Wholesale Gasoline Prices (Weekly Average)

Rack Terminals Prices for Selected Cities ending October 5^th (Can ¢/L)