Retail gasoline rise moderately while diesel reaches a four month high.
After experiencing significant price volatility in early October, crude oil prices moderated, trading within a narrow six $US/BBL range during the remainder of the quarter. Crude oil prices were pressured higher in the early part of the fourth quarter as political tensions in the Middle East mounted and threatened crude oil production in the region. As tensions tapered in October, so did crude oil prices, which remained relatively stable for the remainder of the quarter.
Retail gasoline prices in Canada changed little in the fourth quarter, peaking in October at 154.5 cents per litre before declining to 153.5 in December, just a 1.2 cents per litre increase from the end of last quarter.
Retail gasoline prices experienced regional variation in price movement this past quarter, with prices declining in western parts of the country and rising in central and eastern regions. Prices generally declined in the fourth quarter in British Columbia, possibly due to lower LCFS credit market prices, which fell 26.3 percent from last quarter and reached the lowest quarterly credit price since Q4 2020.
Retail gasoline prices experienced regional variation in price movement this past quarter, with prices declining in western parts of the country and rising in central and eastern regions.
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