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Gas Wizard
Gas Wizard

Are gas prices rising or falling?

  • Home
  • Gas Prices
    • Gas Price Predictions
    • Price History
    • Gas Price Memes
    • Gas Mileage Tips
  • FAQs
  • Blog
  • About
  • Contact
Gas Prices Rise in the Spring

Why do Gas Prices Rise in the Spring?

As the summer season approaches, many Canadians are gearing up for road trips and outdoor adventures. But with the warmer weather also comes an increase […]

Why do Gas Prices Rise in the Spring? Read More »


Global Fuel Supply

Global Fuel Supply Outlook- Fall 2023

As we approach the fall of 2023, the global fuel supply is facing a critical situation. The demand for fuel has been steadily increasing over

Global Fuel Supply Outlook- Fall 2023 Read More »


Better gas mileage

Get Better Mileage

Gas prices are constantly fluctuating and it can be frustrating to spend so much money on fuel. Fortunately, there are several ways to improve your

Get Better Mileage Read More »


Your Questions Answered

Are regulated gas prices a solution? No. They tend to hide true daily market price moves that most can easily get through the internet and

Your Questions Answered Read More »


Two weeks in to a 25% carbon tax increase – and the hurt keeps building

Here we are two weeks into a $50 dollar a ton Trudeau-Singh carbon tax – almost another 10 cents/litre on average for Canadians at the

Two weeks in to a 25% carbon tax increase – and the hurt keeps building Read More »


One week in to a 25% carbon tax increase – and the hurt keeps building

Here we are one week into a $50 dollar a ton Trudeau-Singh carbon tax – almost another 10 cents/litre on average for Canadians at the

One week in to a 25% carbon tax increase – and the hurt keeps building Read More »


Trudeau’s Emission Reduction Plan: Uncertainty, More Taxes, and Nothing to Help a Dangerous World

As Vladimir Putin wreaks havoc in Ukraine, he rests confident knowing that Canada – one of the world’s most energy-rich nations – remains utterly incapable

Trudeau’s Emission Reduction Plan: Uncertainty, More Taxes, and Nothing to Help a Dangerous World Read More »


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News Headlines

  • Massive Bust in Niagara: Project Road King Nets Drugs, Guns & 38 Stolen Cars
  • “Your Countries Are Going to Hell”: Trump’s Blistering UN Rebuke to US Allies
  • Trump Urges NATO to Shoot Down Russian Aircraft
Via Google News

Latest Posts

  • Mid-grade vs Premium Gas Price Difference: Why They Vary More Than Regular
  • Beat the Heat: Essential Summer Vehicle Maintenance Tips for Canadian Drivers
  • Buy Canadian: 10 Scenic Canadian Road Trips to Experience This Summer
  • Navigating the Impact of U.S. Tariffs on Canadian Auto Parts and Vehicle Prices
  • The Evolution of the Global Gas War: Gazprom’s Influence on Today’s Energy Landscape

From Our FAQs:

A

Why are gas prices high despite low oil barrel cost?

The price of crude oil is a significant factor influencing gasoline prices at the pump in Canada, but it’s not the only determinant. Factors such as refining costs, taxes, distribution and marketing expenses, retail competition, and currency exchange rates also play crucial roles in shaping the final price of gasoline. Although there is a general correlation between oil barrel prices and gas prices, this relationship is not always direct or immediate due to these additional factors.

Recent trends show that even when oil prices are lower, gas prices at the pump may not decrease proportionally, leading to concerns among Canadians about the roles of oil companies and governments in pricing. However, the dynamics of gas pricing are complex and influenced by various global and local factors. Understanding these factors can provide a clearer picture of why gas prices fluctuate and how they relate to the global oil market.

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