Do gasoline prices decrease when crude oil prices decrease?
The Competition Bureau has commissioned studies of the relationship of crude oil prices to retail and wholesale gasoline prices. These studies have found that gasoline prices generally do track crude prices but that there can be a delay of up to two months before decreases or increases in crude oil prices are passed along to consumers. At the same time, some of these studies found, variations in crude oil prices are only one of the factors influencing retail prices. Q7 – Where can I get more information? If you have other questions about how gasoline prices are set, or if you believe that gasoline prices are too high, you can also get in touch with your local retailer, or your retailer’s head office. The Canadian Centre for Energy Information also has information about gasoline prices. Q8 – I have information that suggests that gasoline retailers have broken the law, what should I do? If you have information, which suggests that gasoline retailers have broken the law, inform the Compet