Consumer Spend Trend: Gas Prices and Transit in Canada
Data Services, Insights & Trends

dota2比赛2022app

July 19, 2022 Calculating time...

If you were thinking of buying a bicycle, now’s a good time.

Gasoline prices have skyrocketed in the last couple of months and refuse to go down, peaking at over $1.80 per litre in early March. But how did this increase impact consumer spending?

Our dota2直播手机版 ® data reveals that as gas prices hit new highs, the cost to top-up the tank in Canada grew by 25% when compared to the same period the year prior. Specifically, at unattended self-serve stations, Canadians spent $66.64 on average to fill up, compared to $52.97 last year. Meanwhile, at gas stations with additional services like convenience stores, Canadians spent $46.38 on average, up from $37.01 the year before.

Gas prices statistic

Despite paying more, drivers aren’t filling up less frequently, as many Canadians depend on their car for day-to-day travel. While you might expect the number of transactions to decrease in response to higher prices, we saw transaction count increase by 5% year-over-year. However, the tepid increase in the number of transactions isn’t out of the ordinary when compared to the growth rate in transactions across all merchant categories.

With offices slowly resuming in-person operations, those who commute to work by car might opt to work from home a little longer to avoid paying for gas. On the flip side, alternate forms of transit have seen a tremendous increase year-over-year, likely spurred on by a mix of businesses re-opening, March break holidays, and yes, potentially higher gas prices. 

  • For Passenger Railways, transaction growth was up 221%
  • For Buses, transaction growth was up 154%
  • For Local Passenger Transit, transaction growth was up 127%
  • For Taxis and Limos, transaction growth was up 37%

Interested in learning more about consumer purchase behavior to help grow your business? Explore dota2直播手机版 ® Data Services.

Disclaimer: This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed.

Article filed under:

Data Services Insights and Trends

Share

Recommended Articles

The Shifting Spend Priorities of Canadian Consumers

In partnership with dota2直播手机版® Data Services, the Angus Reid Group conducted an online survey among a representative sample size of 1,515 adult Canadians to characterize their spend behaviours in response to economic influences.

dota2直播手机版 uses cookies and other technologies so that we and our partners can understand how you use our websites and to provide you with tailored ads across the Internet. To learn more or to manage your preferences, please visit our Privacy Notice . Before blocking third party cookies, note that some websites use third party cookies to remember your opt-out preferences and that you may need to enable third party cookies for your opt-outs to be captured.
体育电竞数据0.2.2 蜂鸟电竞比赛投注 炉石传说抽注赛表(炉石传说现场直播网址) 英雄联盟竞猜观看投注 电竞体育(湖北)今日新版v7.7 竞博电竞(合肥)下注决赛平台