An analysis of patterns of retail gas price variations in Canada

Abstract

This paper intends to study the patterns in retail gasoline price variations in Canada. In particular, we examine the following questions. First, we determine whether retail gasoline prices are higher on certain days of the week. Specifically, are the retail prices higher during the weekends than the weekdays in Canada? Second, we investigate specific differences in the retail gasoline prices over various days of the week across different Canadian cities and provinces. Finally, we compare the average retail gasoline prices across different provinces in Canada.