Friday, 27 March 2015

Ottawa Gas Price

Q83: What will the average regular gasoline price per litre in Ottawa be at the end of 2015?
Less than $0.9: 20%
Between $0.9 and $1: 25%
Between $1 and $1.1: 25%
More than $1.1: 30%
(The average Ottawa price according to the Ontario Ministry of Energy on the last day of the year that they have a record for shall be determinative (see here for their data for previous years))

Gasoline is currently priced at about $1 per litre in Ottawa, but the price is very volatile.  Using data from the Ontario Ministry of Energy for the past 24 years , I calculated what percentage of the time gas prices decreased and increased by 10% or more, and used that to calculate the estimates above.

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