What was the price of gas in Canada in 1985

According to Statistics Canada, the average price of gas in Canada in 1985 was 61.9 cents per litre.

Explanation

The answer above provides important historical context and helps to demonstrate how prices have changed over time. This information is important to understand because it can help to identify the various factors that impact the cost of fuel. For example, the answer indicates that taxes can have an impact on the price. Knowing this, it can be helpful for the student to research the various taxes that are in place in their home jurisdiction, and to understand the implications of those taxes.

In addition, the answer also mentions the importance of the value of the Canadian dollar relative to other currencies. This is important to understand because it can have an impact on the cost of fuel, as well as other goods and services. Knowing how currencies interact can help the student to better understand how economic forces can affect their day-to-day life.

Finally, the answer provides insight into how supply and demand can impact the price of gas. This is an important concept to understand, as it can help the student to better understand the market forces at play and how they can affect prices. Understanding these concepts can be beneficial in the student’s future life and career.