oilandgasinfo.ca
Over the past 150+ years, our oil and gas industry has become ever more sophisticated and streamlined. Today, many thousands of experts from industry, regulators and academics are working together to ensure Canada remains among the world’s most responsible developers of oil and gas.
Gasoline
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.