Commodity Prices and Background Indicators
  2000   2017 2018 2019 2020
Commodity Prices
 
Crude Oil Prices
Wellhead U.S. Average ($US/bbl.)a 26.72   48.05 61.40 55.59 36.86
Edmonton Par1 ($/m3)b 278.98   404.00 434.83 434.33 287.50
Brent Montréal2 ($/m3)b 280.95   467.00 581.00 535.00 354.00
Natural Gas Price at AECO-C Hub (intra-Alberta)3 ($/GJ)b 4.81   2.25 1.37 1.64 2.11

Background Indicators
 
Total GDP (million $ 2012)c 1,360,463   1,901,971 1,958,471 1,994,910 1,895,445
Industrial 407,435   486,485 503,278 501,450 467,445
Commercial/Institutional 823,297   1,252,804 1,289,520 1,323,236 1,273,834
Agricultured 21,276   33,462 33,134 35,179 37,025
Electricity Generation 26,219   33,989 34,544 34,824 34,176
Multifactor Measure of Productivity (2012= 100)e 104.6   103.7 103.8 103.5 104.0

Footnotes:

1) Edmonton crude oil price is based on the price of West Texas Intermediate (WTI) crude, sold on the Chicago Mercantile Exchange. Edmonton par is priced to be competitive with WTI, taking into account transportation costs.
2) Brent Montréal crude oil is the cost of Brent crude oil (in the Montréal market) including the transportation costs through the Portland-Montréal oil pipeline.
3) AECO-C hub is the main pricing point for Alberta natural gas and represents the major pricing point for Canadian gas.

Sources:

a) Energy Information Administration (EIA), Domestic Crude Oil First Purchase Prices, https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=f000000__3&f=a
b) Natural Resources Canada, Petroleum Resources Branch, Canadian Oil, Refining and Energy Security Division, Ottawa, 2022.
c) Statistics Canada, Gross domestic product (GDP) at basic prices, by North American Industry Classification System (NAICS), Table 36-10-0434-03, Ottawa, 2022.
d) The agriculture sector GDP includes crop production (NAICS code 111), animal production (112) and their support activities (1151, 1152).
e) Statistics Canada, Multifactor productivity, Canada, Business sector, Table 36-10-0208-01, Ottawa, 2022.