Record-breaking gasoline prices: Gasoline companies to speak at a public inquiry into B.C. pump prices Wednesday, July 17, 2019,
The Progressive province of British Colombia wants to know why Gasoline prices are so high LMAO! Hillarious, the answer should be obvious, but I’m eager to see how the Gasoline companies will frame it. Most private companies are scared, to tell the truth, and often their representative are told to frame their arguments in particular terminology not to offend the social justice warrior types. So I’m really eager to hear what is said about the record high gas prices in British Columbia. I live in Toronto, it costs me about $100 CAD to fill up my SUV, the main reason it costs me so much is that I only use premium fuel. I can’t use the cheap crap it will corrode the wiring and leave all types of filth all around my engine and transmission that’s hard to clean. However, if I used the cheap gas, I’d pay around $60 – $80.
With that said the cost of living in Ontario is still higher than B.C, being that we’re a have-not province because the idiots in my province have been voting Liberal for years, anyway, Gas prices fluctuate at better rate here because we don’t have as much regressive taxation as British Columbia has. Hey BC wanna know why Gas Prices are so high?
NDP Premier of British Colombia John Horgan – 36th Premier of British Columbia
Here’s a list of all the taxes people pay on a litre of gas in B.C.:
Provincial motor fuel tax (Metro Vancouver) — 1.75 cents
Provincial motor fuel tax (everywhere else in B.C.) — 7.75 cents.
B.C.’s carbon tax — 8.89 cents.
The B.C. Transportation Finance Authority tax — 6.75 cents.
TransLink tax (If you live in Metro Vancouver) — 17 cents, increasing to 18.5 cents on July 1.
Transit tax (If you live in Victoria) — 5.5 cents.
Federal excise tax — 10 cents.
Finally, pay the five per cent Goods and Services Tax on top of the total price.
LMAO! Oh, yea and didn’t you raise the minimum wages? Raising minimum wages is a tax increase, regressive taxes as I mentioned above helps to fuel the silent tax which is called “inflation tax” If I open a company in B.C with an expectation of a certain profit margin and that profit margin continuously falls shot, making matters worse is that most businesses are financed by debt, I can’t speak for B.C but I know a few Gas station owners who are deeply in debt. Sure there might be requirements to own a Gas station, but similar to buying a house people will lie to qualify and when they lie and margins are slim, prices go up. It’s private, now I don’t know if B.C wants to go down the road of turning Petro Canada into a Crown Corporation again, but Crown Corporations in this economic climate? B.C’ers would be asking for trouble.
Bottom line is you can’t raise taxes and expect the same or lower prices, there is no getting around regressive taxes, I listed 8 taxes in BC that I know about, and hold on a second, isn’t BC trying to phase out Gasoline? SO isn’t this really nothing more than a sh*t show? Recently Justin Trudeau signed self-government agreements with Métis Nation in Alberta, Ontario, and Saskatchewan. Now common sense would tell you that he did this to prevent Pipelines from being built.
Unfortunately, the average Canadian isn’t taking a realistic look into the future, Justin is securing Votes, the NDP is securing votes. Now for me, the writing is on the wall, it will be a shocker to me if the costs (not prices) for Canadian oil don’t go up. I think people are overlooking key details in the deal Trudeau signed with the First Nations. Anyway, we won’t be the first nor the last country in the world to experience a currency crisis. Not sure what direction the NDP government is going to take regarding gasoline, but it’s not going to matter in a few years, because the damage has been done to the Canadian economy and all I can say is Canadians better get ready for some economic turbulence.
