Crude oil is one of a number of globally traded commodities like gold, corn, coffee and many others. The prices of such commodities are set in worldwide markets comprised of millions of buyers and sellers reacting to economic fundamentals for each commodity.
There are several factors that go into the price you pay at the pump. For every litre of gasoline, price includes factors such as taxes, distribution, refining, and crude oil costs.
Imperial participates in the Cap and Trade Program
Find out how that may affect how much you pay at the pump. Learn more
Sources:
"Independent Statistics and Analysis." Gasoline and Diesel Fuel Update. U.S. Energy Information Administration
(EIA), n.d. Web. 06 Apr. 2014.
Natural Resources Canada.
‡Improvements, such as fuel economy, are based based on Synergy-branded gasoline, where available,
compared to
gasoline meeting minimum Canadian government detergency standards. Actual benefits will vary depending on factors
such as vehicle type, driving style, and gasoline previously used. All trademarks used herein are trademarks or
registered trademarks of Exxon Mobil Corporation or one of its subsidiaries.
Esso a trademark of Imperial Oil Limited. Imperial Oil, licensee.
All trademarks used herein are trademarks or registered trademarks of Exxon Mobil Corporation or one of its
subsidiaries unless indicated otherwise. Imperial Oil, licensee.
