Gasoline retail price per month in Canada 2020-2025

The average retail price for regular, unleaded gasoline at self-service stations in Canada was 157.7 Canadian cents per liter in February 2025. This was an increase compared to the previous month. Canada's gasoline prices are generally higher than those in the United States, but lower than in many European countries. 

Why do gasoline prices fluctuate?

Crude oil prices, along with changing levels of consumer demand, are the two main factors which directly affect retail prices of motor fuels. Prices can witness a rapid increase or decrease depending on impacts on crude oil supplies, refinery operations, or pipeline deliveries. Even if crude prices remain steady, seasonal changes in demand can still affect retail prices. As a large oil producer, Canada's motor fuel prices are closely linked to its benchmark Western Canadian Select crude oil price.

Gasoline refining capacities

As of January 2024, the global gasoline refining capacity amounted to 8.2 million barrels per day. The United States and Canada were the region with the largest gasoline refining capacity at 3.2 million barrels per day. Much of this refining capacity is located in the United States, specifically.