oilandgasinfo.ca
Presented by Petroleum Services Association of Canada

If you’re like most people, when you think of the oil and gas industry, you think of gasoline. And more often than not, a conversation about gasoline is about the price, so that’s what we’ve covered here.

Gasoline is known as “gas” but it’s actually made from oil. So when you buy a litre of gasoline, some of the cost pays for the crude oil that went into the gasoline. You also have to pay the costs of refining the oil, distributing the gasoline (via pipelines and trucks) and selling it at gas stations. Think that’s it? Nope! You also have to pay the taxes, which average more than 30% of the total cost.

You think of what’s fuelled by oil or natural gas, you probably think of cars and trucks that run on gasoline. But some vehicles operate on diesel or even natural gas. Boats, airplanes and trains also run on fuels made from oil and natural gas.

Getting sick is bad. But getting sick without having oil and natural gas products to help you heal would be terrible. Hospitals rely on petroleum products to provide sterile care to their patients. Even if you just need a pill to combat a headache or hay fever, it’s oil and natural gas to the rescue!