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The Government of Canada collects about $5 billion per year in excise taxes on gasoline, diesel, and aviation fuel [21] as well as approximately $1.6 billion per year from GST revenues on gasoline and diesel (net of input tax credits).
The cost of gas has been volatile in recent years as markets react to world events, but it hasn't always been that way. ... 1980. Price per gallon: $1.19. Adjusted for inflation: $4.60. eBay.
The chart shows a 75-year history of annual United States natural gas production and average wellhead prices from 1930 through 2005. Prices paid by consumers were increased above those levels by processing and distribution costs.
The budget announced an increase in 13.2% of expenditures over the fiscal year 1979-80 due partly to increase oil prices and increase in public debt charges. [6] Expenditure especially increased in energy programs (+300%) and economic development (+22%) with a special $350 millions envelope for industrial restructuring and manpower retraining. [7]
The national average price for a gallon of gasoline is a little more than $4.95, according to AAA. ... GOBankingRates mapped out a chronology of average gas prices for more than 90 years dating ...
To complete the picture of the Canadian liquids business, it is worth noting that in 1977 Amoco and Dome bought the Canadian assets of Goliad Oil and Gas Company. This increased the supply of liquids available to Amoco by about 1,800 barrels per day (290 m 3 /d).
Most of the oil companies exploring for oil in Alberta were of U.S. origin, and at its peak in 1973, over 78 per cent of Canadian oil and gas production was under foreign ownership and over 90 per cent of oil and gas production companies were under foreign control, mostly American.
The next year in 2011, as America was digging itself out of the worst economic catastrophe since the Great Recession, gas soared to $3.53 per gallon — or $4.75, when adjusted for inflation ...