2022 year-end data is now available at Kalibrate
Canadian pump prices peaked in Q2 2022 at nearly 200 cents per litre – over a dollar higher than during the first wave of the COVID-19 pandemic in Q2 2022. War in Ukraine and subsequent sanctions against Russian crude oil contributed to higher crude prices in 2022.
In addition, lower refinery capacity in North America led to lower refined product inventories and higher product margins. These two price components were the main contributing factors leading to higher pump prices in Canada in 2022.
However, higher pump prices alone likely do not fully explain why fuel demand at retail stations in Canada remains below pre-pandemic levels. Kalibrate Canada retail fuel volume data, representing roughly 75 percent of retail sales in Canada, shows 2022 fuel volume sales were 9.6 percent lower than in 2019. Many Canadians continue to work from home following the pandemic, while others may have shifted to cleaner fuel alternatives, such as electric vehicles.
Find out market trends in more than 370 markets and towns in Canada with Kalibrate’s newly released year-end data. Submit your request for volume data here.
Market coverage of volume data is available in a variety of means – nationally, provincially, regionally, municipally, or by unique competitive area. See a complete list of the markets we survey on our website here. Or use Kalibrate’s SiteSelect online mapping tool to find sites available in the Canadian database.
Found this interesting? Why not share it:
Read more articles about:Fuel pricing
Subscribe and get the latest updates
You may unsubscribe from our mailing list at any time. To understand how and why we process your data, please see our Privacy & Cookies Policy
The Kalibrate fuel round up: September 2023
In this monthly feature, we look across the industry and mainstream news to uncover some stories of note that we...
Kalibrate Planning: hints and tips
Your monthly Kalibrate Planning hints and tips.