Rising Gas Prices...

[Big Mike]

Some economist on a Radio program the other day pointed out something very disturbing. The government puts taxes on the gas that we buy....then they charge us GST (goods and service tax) at the pump. So essentially they are charging us tax on a tax. I don't recall exactly how much it worked out to...maybe 2 cents a litre or less...but if you add it up for all the gas being sold in Canada...it was something like 500 million dollars.

[corr]

I think the ones to blame are the refineries. All the big companies showed record profits last year. They are making money hand over fist and blaming the government for high taxes. We may be overtaxed but c'mon, taxes don't go up on Friday and then back down on Monday! LoL

[Alicewave]

Man I have to fill up my tank today . I should probably sell my bood first.

[The_Omen]

I think you guys should do away with the metric system, at least at the fuel pumps!
Change it to the proper US system, that way instead of paying $40 for a bunch of tiny liters, you will instead be paying the same for bigger, better gallons!

It will also increase your fuel milage.

[Nanashi04]

In Kansas it's $1.58 USD... thank heaven for well-paid boyfriends... ^^;;

[Big Mike]

Good point Corr,
Don't you just love how they raise the price within the hour that they hear that there might be the possibility of any problem in the vicinity of any area that might produce oil...because their price might go up. They are not so quick to lower the prices if any good oil news comes up.

Yet they are selling the gas in their tanks that they bought at last month's prices.

[norman]

at the same time though...they can pretty much charge whatever they want. they have a straglehold on us because we are all addicted to driving our cars, and to drive our car we need to buy gas, and if the only place to get gas raises the price to unbelievable amounts, then we will still pay that much. the odd person who cant afford it (ME) will start riding their bikes or whatever. but ill probably get another car during the summer, by which time it will probably be well over $1.00 a liter.

[corr]

Originally posted by Big Mike
Yet they are selling the gas in their tanks that they bought at last month's prices.

Exactly. It's hilarious really, that gas can leave the refinery at one price, and arrive at the pumps at another.