2164 replies to this topic

[tjv]

^uh huh and what's the real number?  Real inflation is a LOT higher than that

[jonny]

Average gasoline prices per US gallon:

 

Canada: $5.36

BC: $6.56

USA: $2.85

California: $4.03

Washington: $3.49

[Rob Randall]

Context:

 

https://www.globalpe...asoline_prices/

[RFS]

Context:

https://www.globalpe...asoline_prices/

What context? Is comparing BC to Mozambique or St Lucia more useful context than comparing to the rest of Canada or to our closest neighbor, the US?

[lanforod]

Also, comparing vs countries that don't have their own source of gasoline, which is most of those high ones?

[Rob Randall]

I only provide the context. There are enough variables to spin it in any direction you wish.

[jonny]

Context:

 

https://www.globalpe...asoline_prices/

 

BC is neighbours with Alberta, who has the 3rd largest oil reserves in the entire world, and we are paying prices which are among the ~10-15th highest in the entire world. 

[DustMagnet]

^ But what's in the ground in Alberta is not what you put in your tank at the gas station.

[exc911ence]

 

I'm interested in why Whitehorse patrons pay 30 cents less per litre than we do in Victoria. Their tax base/population is minuscule compared to ours and then there's that whole "it's really far north" thing... where are they getting their refined gas from? And why are we not getting ours from there too?

 

 

[rjag]

Had to put Chevron Champagne in the toy today as I'm heading up for a day at the track tomorrow, only 15 litres but $1.82    Gotta pay to play!

[vortoozo]

 

I'm interested in why Whitehorse patrons pay 30 cents less per litre than we do in Victoria. Their tax base/population is minuscule compared to ours and then there's that whole "it's really far north" thing... where are they getting their refined gas from? And why are we not getting ours from there too?

 

I thought it might be Alaska, but it turns out most of it comes from AB & BC: https://www.neb-one....fls/yt-eng.html

 

 

Provincial taxes in YT on gas are about 14 cents less per litre than in Victoria.

Marketing margins (what the gas company keeps as profit) are generally higher in BC than the rest of the country. 

Edited by vortoozo, 25 April 2019 - 10:27 PM.

[VIResident]

Public transit should be free, Victoria council says . 

“This is the direction we need to go,” she said. “We won’t be the first in the world. But I don’t think that there’s too many people who would disagree with the fact that when you provide a cost-effective, alluring, enticing transportation option, that that will transform people’s behaviour.”

Helps said the Capital Regional District has declared a climate emergency and that many of the same people who supported that stance sit on the transit commission."

 

https://www.timescol...says-1.23803219

[jonny]

^ But what's in the ground in Alberta is not what you put in your tank at the gas station.

 

Alberta and Canada in general produces more refined petroleum products than it consumes. BC, sadly, does not. 

[spanky123]

Public transit should be free, Victoria council says . 

“This is the direction we need to go,” she said. “We won’t be the first in the world. But I don’t think that there’s too many people who would disagree with the fact that when you provide a cost-effective, alluring, enticing transportation option, that that will transform people’s behaviour.”

 

Helps said the Capital Regional District has declared a climate emergency and that many of the same people who supported that stance sit on the transit commission."

 

https://www.timescol...says-1.23803219

 

 

 

Did anyone not think that once Helps had Victoria and the CRD declare a climate emergency then she would wrap every new demand of hers in that flag.

[Mike K.]

Meanwhile the mayor hopped on a jet today to visit Alberta's oil fields, but it's good to know that the City of Victoria will be paying a carbon tax on her behalf ...from one department to another, as the City is invoicing itself, and paying itself.

[tjv]

^and what is she doing visiting Alberta's oil fields?  Did the CoV buy shares in oil companies or something?

[Mike K.]

Calgary politicians invited her for a visit when she announced the City's support of a class action lawsuit against the oil industry.

[vortoozo]

Another article in today's G&M attempting to make sense of current BC gas prices: https://www.theglobe...-at-the-pumps/ 

 

It's behind a paywall, but here are a couple of paragraphs:

 

 

 

A recent report done by the Canadian Centre for Policy Alternatives said that of the 55 cent increase in Metro Vancouver gas prices since 2016, only 6.3 cents of it can be attributed to additional taxes. Meantime, the four companies that supply the region with fuel have hiked their profit margins per litre of gas by 18 cents over that same period.

 

A separate investigation into the current phenomenon conducted by Vancouver’s Navius Research exposed another interesting fact. Since 2008, the refinery margin in Metro Vancouver increased to 35 per cent from 13. Meantime, in the rest of the country, it was less than 18 per cent. These margins in B.C., the report said, “have decoupled from supply costs, resulting in prices that cannot be attributed to competitive market forces or scarcity of supply.”

[lanforod]

If the cost to entry for a new refinery wasn't so high, we'd have more, based on the profit of the small one in Burnaby. Competition and supply/demand works fine for most markets. For this market, a new refinery takes too long and costs too much for anyone to bite the bullet.

[LJ]

Co-op gets their gas from their own refinery in Regina so they must be making a killing as well.