A look back at gasoline prices in 2016 Quebec City has the lowest prices The shock that hit the Quebec City market with the entry of high volume gas stations starting in 2013 continues to be felt, and motorists emerge as winners.
After many coach outlet handbags kenneth years of relatively high prices, Quebec City is beating records with its ultra competitive market. The retail margin is the lowest in the province, at 2.6 cents a litre, coach outlet coupons kroger following a drastic 41% decline last year. The average pump coach outlet sale 50 price, at 100.6 cents a litre, was the province's lowest, apart from border markets. Crude oil prices declined substantially, by 16.3% in 2016 compared to a year earlier. Meanwhile, the share of the pie claimed by refiners, with the refining margin down 3.6%, and by gas stations, also decreased. The result was that motorists got something of a break. On average, Quebecers paid 7% less to fill their tanks, again compared to 2015. This meant $3.55 less for a fill up, or a $101 annual saving for a small car. For an SUV, the saving was $4.34 per fill up, or $134 for the year. Are the Friday price hikes justified? On the other hand, the same cannot be said of price increases that occur on Fridays. Here again, Montreal stands out for the wrong reasons. Of the 11 increases observed in 2016, three cannot be justified by low margins in the preceding days, and CAA Quebec found no logical explanation in movements of oil indicators. "So what justifies these three increases, with margins coach outlet arundel mills md already high?" Ms.
Gagnon asks. "Perhaps the industry could also answer this question.".
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