While it’s commonly believed that manual transmission cars are always more fuel-efficient, this isn’t always the case. Modern cars with automatic transmissions have become much more efficient in recent years, with some even surpassing their manual counterparts in terms of fuel economy. Furthermore, some modern automatic transmission cars come with eco-friendly driving modes that in some cases can further improve fuel efficiency
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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.