The gasoline station sales in Canada were valued at 68 billion Canadian Dollars in 2023. Starting from 2024, the forecasted values show a steady increase: 70.443 billion in 2024, 71.817 billion in 2025, 73.177 billion in 2026, 74.523 billion in 2027, and 75.856 billion in 2028.
Here are the year-on-year percentage variations:
• 2024: 3.6%
• 2025: 1.9%
• 2026: 1.9%
• 2027: 1.8%
• 2028: 1.8%
Considering the compound annual growth rate (CAGR), the average annual increase over these five years stands at approximately 2.2%.
Future trends to watch include the increasing shift towards electric vehicles (EVs), which may affect gasoline demand, continued volatility in oil prices due to global markets, and potential regulatory changes around carbon emissions that could further impact gasoline sales. Monitoring these aspects will be crucial for anticipating shifts in the gasoline station industry in Canada.