The Province is trying to figure out why our Gas prices are so high
- Thread starter Corym
- Start date
It's the Ferengi model.
Our prices are high because we want your money.
Our prices are high because we want your money.
Download a app called GasBuddy you can see all the latest gas prices on gps map mode and go to places offering the lowest price.
www.gasbuddy.com
www.gasbuddy.com
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I've held Oil and Gas shares for almost 2 years and have done very well 
. Haven't sold anything as of yet too. Not yet, anyway lol. Yes, the war is boosting up prices overall but, to the O.P question about Vancouver. Van city fuel prices have always been higher than elsewhere.
. Haven't sold anything as of yet too. Not yet, anyway lol. Yes, the war is boosting up prices overall but, to the O.P question about Vancouver. Van city fuel prices have always been higher than elsewhere. They export 5 million + barrels a day. And that does not include anything refined. Yes, enormous and they rely on that immensely. A huge component of their economy.
Real estate is valuable.
Land occupied by a gas station is usually in prime locations and worth a fortune.
A private owner might make more putting up condos or apartments.
We know a couple who had a gas station and they made more on convenience junk and washes than on the gas.
They wanted to cash out earlier but were locked into lease and franchise.
Stop and figure pot how much is carbon tax, which BTW is going up again. Also, tax on tax on taxes.
A few conjectures here but what I want to see: the actual breakdown of gas price. How much is crude oil, how much from refinery, how much are various taxes, etc.
Anyone have a link on that? BC did a “study” a few years ago but my quick searches only referred to recent articles not a pie chart ( the fact that The province did a study is RIDICULOUS…how can the province claim to not know how gas is priced when at least some of the taxes are theirs???)
Anyone have a link on that? BC did a “study” a few years ago but my quick searches only referred to recent articles not a pie chart ( the fact that The province did a study is RIDICULOUS…how can the province claim to not know how gas is priced when at least some of the taxes are theirs???)
I had not spent any time trying to dismantle gasoline pricing before but after about a half hour on google, bing and google scholar looking for what could be considered as valid information, including trying to find a copy of the typical sticker showing a price breakdown on the side of the pump ... nada. I could have missed it and if so they have done a good job hiding it.
Best I could find was a 2009 blurb from Shell Canada stating:
40 - 55 per cent is crude oil costs (the raw material for making gasoline and diesel fuel)
25 - 35 per cent is federal, provincial and municipal taxes and the GST
10 - 25 per cent is the refiner's margin (the difference between what it costs to buy crude oil and the price refined gasoline sells for in the wholesale market which, in turn, is influenced by supply and demand)
4 - 6 per cent is the marketing (or retail) margin that covers retail stations’ expenses and profits.
Add in carbon tax, GVRD transit tax, and whatever the fuck else tax that we have to pay and that 25-35% tax thing is no doubt low. So if a third is the tax in Vancouver, at a buck eighty that's indeed 60 cents.
I remember filling up my '60 Chev station wagon that had the bench seat, 3 on the tree and a 235 flat six when gas was 35 cents a gallon. Given Canada makes the stuff, I never thought I would see two bucks a liter but it's sure headed that way.
Best I could find was a 2009 blurb from Shell Canada stating:
40 - 55 per cent is crude oil costs (the raw material for making gasoline and diesel fuel)
25 - 35 per cent is federal, provincial and municipal taxes and the GST
10 - 25 per cent is the refiner's margin (the difference between what it costs to buy crude oil and the price refined gasoline sells for in the wholesale market which, in turn, is influenced by supply and demand)
4 - 6 per cent is the marketing (or retail) margin that covers retail stations’ expenses and profits.
Add in carbon tax, GVRD transit tax, and whatever the fuck else tax that we have to pay and that 25-35% tax thing is no doubt low. So if a third is the tax in Vancouver, at a buck eighty that's indeed 60 cents.
I remember filling up my '60 Chev station wagon that had the bench seat, 3 on the tree and a 235 flat six when gas was 35 cents a gallon. Given Canada makes the stuff, I never thought I would see two bucks a liter but it's sure headed that way.
Refineries more refineries. Northern BC and the interior get cheaper gas mostly because their supply comes from Alberta. Offer vs demand is still applicable. We in the lower mainland get our supply from Burnaby and Washington... even Oregon at times if I recall , a slight little glitch during a maintenance shot down from one of those refineries and we ended up in trouble like a few years ago with a price increase that doesn't follow the price of WCS or WTI . At the end of the day we are getting shafted....as we do not have options.
ACCELERATED PLAN TO BAN NEW GAS CARS
Under the roadmap, the B.C. government said it would accelerate the phasing out of new light-duty gas-powered cars to 2035, five years earlier than its previous target.
Sorry I should of said that money made from the sale of oil/gas barely makes it to the Russian population.
Fuck its not like in major population centers the price is higher because there are more people, its not the cost of transport like they are saying. its just they will make more money in higher population areas. Its all about fucken profit.....
