On November 9, 2016, the Minister of Energy asked the OEB to examine and report back with information on Ontario’s retail market for gasoline and diesel fuels. The Minister’s letter points out that variations in the price of transportation fuels, particularly gasoline, have resulted in ongoing public interest, particularly with respect to:
- the relationship between crude oil prices and retail gasoline prices;
retail gasoline price variations within a region or between regions in Ontario, or between Ontario and other provinces and U.S. states; and
- the information available to consumers about those price variations and the reasons for them.
The OEB commissioned the Kent Group Ltd., a leading data, analytics and consulting firm specializing in the petroleum industry, to undertake research and draft a report on the topics outlined in the Minister of Energy’s letter.