I was just reading the Fuel Focus Annual Review for 2007 for kicks and found a few interesting bits of information about last year's gas prices you might also find interesting. Or not. Relax, I only picked 5 things.
There's a lot in the report. I offer the following 5 items I found interesting
- Average Cdn gas prices increased 4 cents per litre to $1.02 in 2007 compared to 2006.
- Canadian and American gas prices (wholesale that is) were only seperated by a penny in 2007 and 2006. Now we don't get to buy gas without the taxes, but this puts the amount of fuel taxes Canadians pay into perspective.
- The healthy Canadian dollar helped drivers out at the pumps. The rising Canadian dollar helped "dampen the impact of higher crude oil costs" We had a bit of a discussion on this before.
- Average gasoline prices dropped rapidly in January, peaked in May at $1.16 and ended the year at $1.06. They remained above a dollar a litre for most of 2007.
- Average taxes - provincial and federal - on a litre of gasoline were 32 cents, which is actually down three-tenths of a cent from 2006. Likely due to the drop in the GST which was incorporated into the price at the pump as soon as it was confirmed.
So that was 2007. I look forward talking with many of you about gas prices and other diversions in 2008 (minus January).
Photo Credit: Brave Heart