Gas Prices

[VancouverOfTheFuture]

Originally Posted by WarrenC12

1.2 cents every year is a bit different from 10-15cents on a sunny Friday. But hey, you can complain about it online, or do something that actually impacts your finances.

i don't know how people can say the tax has no impact when it is what, 50% tax now for gas? sure, the greedy price gouging is an issue to, but so is the over taxation. perfect example is almost 20 cents/L translink tax. that is ridiculous.

[MIPS]

Originally Posted by VancouverOfTheFuture

perfect example is almost 20 cents/L translink tax. that is ridiculous.

Plebiscite or not, TransLink needs funding. Nobody wanted the money scraped from elsewhere so congrats, here it is!

[Trainguy]

Gas stations in WA state do not do these stupid price swings from morning until evening. The Fred Meyer station is pretty stable except for the natural up and down that happens now and then. The price here can fluctuate 10c or more depending on the time of day. Rip Off!!

Current price is $1.11 Can/L

[WarrenC12]

Originally Posted by VancouverOfTheFuture

i don't know how people can say the tax has no impact when it is what, 50% tax now for gas? sure, the greedy price gouging is an issue to, but so is the over taxation. perfect example is almost 20 cents/L translink tax. that is ridiculous.

Who said it had no impact? The huge impact of gas prices should make you consider alternatives, like EVs, fuel efficient vehicles, or taking alternatives to the private automobile.

What happens when there's a price spike in beef? Do you eat MORE steak, and complain about it?

[ilikeredheads]

today I saw 161.9 listed at a Cheveron lol smh

[bluefox]

Originally Posted by VancouverOfTheFuture

i don't know how people can say the tax has no impact when it is what, 50% tax now for gas? sure, the greedy price gouging is an issue to, but so is the over taxation. perfect example is almost 20 cents/L translink tax. that is ridiculous.

In Metro Vancouver the tax is 34.5 cents per litre. That's not 50% of the price, not even close... and in an alternate universe with no additional taxes over and above paying GST we'd still be paying Alberta prices. So yes, the issue with pricing and whether it's fair and reflective of market conditions is definitely on the industry side, not the taxation side.

[VancouverOfTheFuture]

Originally Posted by bluefox

In Metro Vancouver the tax is 34.5 cents per litre. That's not 50% of the price, not even close... and in an alternate universe with no additional taxes over and above paying GST we'd still be paying Alberta prices. So yes, the issue with pricing and whether it's fair and reflective of market conditions is definitely on the industry side, not the taxation side.

i was referring to all tax, not just local. include fed, prov, and local.

[Trainguy]

Originally Posted by ilikeredheads

today I saw 161.9 listed at a Cheveron lol smh

Tonight I was driving home from Langley and the Esso on 88th was $141.99. The Esso 5 mins away on 96th ave was $161.99. What the hell kind of pricing is that??

[Galaxy]

I can see the lower pricing in Langley as some times they will lower there pricing to prevent people from going out further into the valley to save on gas. The lower price in Surrey though makes absolutely no sense at all.

[SpongeG]

Originally Posted by Trainguy

Tonight I was driving home from Langley and the Esso on 88th was $141.99. The Esso 5 mins away on 96th ave was $161.99. What the hell kind of pricing is that??

There is a shell and an esso a block or so apart where I live (north road in burnaby) and they are often wildly different, one will be 148.9 the other will be 161.9

Anyway, employees have to call in at certain times of the day to find out what to set the price for. I find thursdays more expensive than fridays usually, they get people panic buying on thursday cause everyone thinks the price will jump for the weekend yet it usually goes down.

[lubicon]

Originally Posted by Trainguy

Tonight I was driving home from Langley and the Esso on 88th was $141.99. The Esso 5 mins away on 96th ave was $161.99. What the hell kind of pricing is that??

ummm….. free market prices?

I don't understand Canadian's complaining about gas prices (in general, not just the posters in this thread). When prices are the same amongst stations it collusion and there is an uproar about price fixing. When prices differ then people are complaining about gouging by the higher priced station. You can't have it both ways folks.

[aberdeen5698]

Originally Posted by Trainguy

What the hell kind of pricing is that??

I remember when one of the supermarket chains adopted a policy of selling gas for 1 cent less than anyone else. What followed was a bit of a debacle - prices dropped as their competition attempted to match their price and they kept lowering it to stay 1 cent cheaper. An uneasy truce was eventually reached when the competition started applying a "1 cent discount" at the pump. It never made sense to me that a retailer would advertise a real time price in big huge numbers that was actually higher than what they charged the customer.

[CanSpice]

Originally Posted by VancouverOfTheFuture

i was referring to all tax, not just local. include fed, prov, and local.

Okay, the total provincial tax is 34.39 cents per litre (that actually includes the federal excise tax). The TransLink gas tax is currently 17 cents per litre and is going up to 18.5 shortly. That's 51 cents per litre, which is still nowhere near 50% of the price.

If you think taxes are 50% of the price seen at the pump, please provide proof.

[fredinno]

Originally Posted by MIPS

Plebiscite or not, TransLink needs funding. Nobody wanted the money scraped from elsewhere so congrats, here it is!

Well, I mean, they didn't try with the congestion charge idea yet...

[VancouverOfTheFuture]

Originally Posted by CanSpice

Okay, the total provincial tax is 34.39 cents per litre (that actually includes the federal excise tax). The TransLink gas tax is currently 17 cents per litre and is going up to 18.5 shortly. That's 51 cents per litre, which is still nowhere near 50% of the price.

If you think taxes are 50% of the price seen at the pump, please provide proof.

there are also federal taxes which i am not sure if you included; lets assume you did. then there is also GST and PST on-top of tax; so taxing a tax is always good.

and true, my numbers were outdated. taxes used to be 50% of it. not they are only 1/3 of it; still an insane amount. you're also paying 6cents/L on GST+PST as well. so you could say it is closer to 56cents/L. gas could be less than $1.00/L without all that tax.

also, the amount of government rules and regulations makes us unfavourable for investment in oil which can also lead to higher prices.

but nahh, lets instead squabble over the 15/20cents that would bring it to 50% of price instead.

[whatnext]

John Horgan said today the government will monitor prices and consider relief if necessary:

Premier John Horgan says the B.C. government will consider “some relief” for those who can’t afford record high gas prices.

Horgan says his government will monitor prices at the pumps over the summer after they reached the benchmark record of almost $1.64 a litre today in Metro Vancouver, but he also suggested provincial taxes aren’t the only factor affecting prices.

He says he can’t explain a 12 cent a litre increase and perhaps the industry should invest more in refineries and the federal government should invest more in supply.

Dan McTeague, an analyst at GasBuddy.com, says there are several factors at play, but chief among them is a shortage of gas across the province and northwestern United States caused by two refineries in Washington state running at reduced rates...

https://www.citynews1130.com/2019/04/04/bc-government-gas-prices/

[WestCoastEcho]

Originally Posted by whatnext

John Horgan said today the government will monitor prices and consider relief if necessary:

Premier John Horgan says the B.C. government will consider “some relief” for those who can’t afford record high gas prices.

Horgan says his government will monitor prices at the pumps over the summer after they reached the benchmark record of almost $1.64 a litre today in Metro Vancouver, but he also suggested provincial taxes aren’t the only factor affecting prices.

He says he can’t explain a 12 cent a litre increase and perhaps the industry should invest more in refineries and the federal government should invest more in supply.

Dan McTeague, an analyst at GasBuddy.com, says there are several factors at play, but chief among them is a shortage of gas across the province and northwestern United States caused by two refineries in Washington state running at reduced rates...

https://www.citynews1130.com/2019/04/04/bc-government-gas-prices/

What the hell is Horgan going to do? Institute price controls? That'll go over well with the suppliers; for one, the bulk of our fuel supply is bought at the spot market, which fluctuates wildly depending on the availability of supply for the entire Pacific Northwest region.

The producers will probably go, "nope, not selling to BC at your ridiculous lowball offer, and you can't make us sell to you. Too bad, so sad."

[s211]

Originally Posted by WestCoastEcho

What the hell is Horgan going to do?

It would appear that he's passing the buck, and pretending that the taxation element of fuel prices is not part of the problem.

[Dengler Avenue]

I saw 164.9 at the Petro Canada at Brentwood yesterday. My friends were like, "Ya $0.50 were taxes."

[bluefox]

Originally Posted by s211

It would appear that he's passing the buck, and pretending that the taxation element of fuel prices is not part of the problem.

Except, as we have already discussed earlier, fuel taxes are by and large the end result of a population that wants good public transit but throws a fit every time anyone wants to increase income, property or other taxes to pay for it.

So, again, where would the money to fund transit come from if not from fuel tax? If 50 cents is tax, we'd still be paying 114.9 today, and I distinctly remember when gas prices were actually at 114.9 people still complained about the "TransLink tax".

Ask yourself why gas prices went up 15 cents a litre in a week when the carbon tax increase was only 1.2 cents.