Factors Affecting Retail Gas Prices in Canada

Closed
MacEwan University: School of Business
Edmonton, Alberta, Canada
SUBHADIP GHOSH
Assistant Professor, School of Business, MacEwan University
(26)
4
Project
Academic experience
120 hours per learner
Learner
Canada
Advanced level

Project scope

Categories
Data visualization Data analysis
Skills
research
Details

Brief description: This research project focuses on identifying the key factors that determine the retail gas price variations in Canada. In particular, this project will examine the following key issues, among others:

(1) Are there specific differences in the trends in retail gasoline prices across various Canadian cities and provinces? Which provinces typically have higher retail gas prices and lower retail gas prices? Which cities and provinces have higher variation in retail prices across their various gas stations?

(2) Are retail gas prices typically higher on certain days of the week, and is there a "weekend effect" in the sense that that the retail prices are higher during the weekends compared to the weekdays?

(3) What are the provincial and federal carbon tax effects on retail gas prices in various Canadian regions?

(4) How did the Covid 19 pandemic affect the gasoline prices across the Canadian cities and provinces? Was there any effect of CERB (When it was started as well as when it was stopped on October 23, 2021)

(6) Are there any relationship between the retail gas prices in a city/town with its temperature and precipitation?

(7) What are the effects of macroeconomic variables like GDP, unemployment rate, exchange rate, and Consumers Price Index (CPI) on the retail gas prices across Canada?

Deliverables
No deliverables exist for this project.
Mentorship

At present the plan is to meet for one hour remotely each week. This could be reviewed once the project starts.

About the company

Company
Edmonton, Alberta, Canada
0 - 1 employees
Education

The School of Business at MacEwan University consists of four departments:

- Department of Organizational Behaviour, Human Resources Management and Management
- Department of Accounting and Finance
- Department of Decision Sciences
- Department of International Business, Marketing, Strategy and Law