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Victoria gas prices | Victoria utility prices


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#1421 Rob Randall

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Posted 05 November 2019 - 11:42 AM

I was making a joke but that plan actually makes sense if they were priced accordingly and the coal electricity subsidized the tidal electricity.


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#1422 Mike K.

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Posted 05 November 2019 - 11:49 AM

Lots of time to ponder those options as you sit there for an hour and 20 minutes, I guess.
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#1423 LJ

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Posted 05 November 2019 - 07:57 PM

Maybe in a pinch, but the general consensus among the Subaru community is that when these things are put on a dyno, there's a clear difference between Chevron and Shell fuel. I'd rather not run discount gas in an engine sensitive to the effects of it.  

Have you tried Co-Op gas?


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#1424 Mike K.

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Posted 06 November 2019 - 09:24 AM

We had a massive drop in the overnight rack price to 80.40 cents in Nanaimo. This is the seasonal adjustment we've been waiting for.

 

The price has steadily declined from nearly $1 in late October to its present point, probably the lowest it has been since very early in the year. Expect prices to decline to the mid-20s at Costco and the low 30s elsewhere.


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#1425 FogPub

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Posted 06 November 2019 - 11:11 PM

^I'll believe this when I see it.

 

As for Costco, not all of us are members....



#1426 Mike K.

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Posted 07 November 2019 - 07:33 AM

The rack fell a further 5 cents today. Some Shell stations are down 3 cents as of this morning as the drop begins.

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#1427 Mike K.

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Posted 07 November 2019 - 01:19 PM

Costco is now at 1.339. I fully expect it to be in the low 20s by this time next week, if the wholesale prices remain at their current levels. Some stations on the Westshore have broken below 1.4, with a Chevron at 1.369. It just goes to show how high local stations will maintain their prices in light of wholesale rates. Those charging 1.459 are keeping prices inflated largely because they can.


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#1428 Nparker

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Posted 07 November 2019 - 01:29 PM

...Those charging 1.459 are keeping prices inflated largely because they can.

"No collusion" or "Quid pro quo"?



#1429 Sparky

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Posted 07 November 2019 - 04:20 PM

The average price in Alberta is 94.4 with the lowest coming in at 75.9.

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#1430 DustMagnet

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Posted 07 November 2019 - 07:26 PM

"No collusion" or "Quid pro quo"?

 

"What the market will bear"



#1431 Mike K.

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Posted 09 November 2019 - 03:18 PM

129.9 at Costco today.

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#1432 Mike K.

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Posted 11 November 2019 - 12:04 PM

So just as a recap, we pay the following taxes on gasoline in Victoria:

5.5 cents transit tax
7.75 provincial fuel tax
6.75 provincial transportation tax
10 federal excise tax
8.89 carbon tax (it’s rising next year)
+ 5% GST (on top of the gas cost + the above taxes)

1.399 at the pump equals:
77.4 rack + 38.89 tax + 6.7 GST = 1.229. The remainder goes to the station. Costco is priced at 1.299, and they’ll go even lower once they work in the current rack. Watch for mid-20s this week if the rack price holds or dips.

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#1433 FogPub

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Posted 11 November 2019 - 04:42 PM

So just as a recap, we pay the following taxes on gasoline in Victoria:

5.5 cents transit tax
7.75 provincial fuel tax
6.75 provincial transportation tax
10 federal excise tax
8.89 carbon tax (it’s rising next year)
+ 5% GST (on top of the gas cost + the above taxes)

1.399 at the pump equals:
77.4 rack + 38.89 tax + 6.7 GST = 1.229. The remainder goes to the station. Costco is priced at 1.299, and they’ll go even lower once they work in the current rack. Watch for mid-20s this week if the rack price holds or dips.

Isn't there some law against having to pay a tax on a tax?  If yes, why is the GST here applied to the cost of all the other taxes?



#1434 Mike K.

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Posted 11 November 2019 - 04:48 PM

It might fall under the same category as imported items that are taxed and then sold with tax on top of that tax.

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#1435 Jason-L

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Posted 18 November 2019 - 09:57 PM

https://www.timescol...data-1.24011845

 

"It's time to reveal to drivers in British Columbia how the price of gasoline is set, says provincial cabinet minister Bruce Ralston.

 

If passed, legislation introduced Monday would legally force oil and gas companies to make known how gas prices are set."

Likely won't have much of an effect, other than to help us complain more.  It's not like it's cheaper to pop over to Alberta to fill up for most of us.



#1436 Victoria Watcher

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Posted 19 November 2019 - 05:06 AM

high gas prices are good for the environment. here we are wanting it both ways.

I’d also like the government to explore how bitcoin and gold prices are set please.

Edited by Victoria Watcher, 19 November 2019 - 05:07 AM.


#1437 Mike K.

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Posted 05 December 2019 - 03:19 AM

1269 at Costco with a 75.8 rack. Kamloops with traditionally lower rack rates is at 78!

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#1438 exc911ence

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Posted 07 December 2019 - 07:05 PM

Isn't there some law against having to pay a tax on a tax?  If yes, why is the GST here applied to the cost of all the other taxes?

 

Taxing the people is a service provided by the government, and the GST is a Goods & Services Tax... probably makes sense to some entitled pension-jail type in Ottawa.



#1439 Mike K.

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Posted 09 January 2020 - 06:49 PM

WWIII had zero impact on local gas prices. The rack didn’t budge since before NYD when it always rises (to 84 this time) to quell demand. But it has remained at 1.399 at the pump. Now the rack has fallen to 81.4 from 84 cents. Time for gas stations to respond.

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