Very early this morning, gas was $3.65 at the corner station. Now, it's $3.89.

[UrbScotty]

:wtf:

[Drale]

1. Speculation will be the downfall of the United States.

[Canuckistanian]

2. Oh, you poor dears. I paid the equivalent of $4.80/gal yesterday

That's 119.9c a litre at our local gas station.

[happyslug]

4. Canada's Tax on Gasoline is as bad as the USA.

83 US cents to $1.43 US Dollars per gallon (Including Sales Tax)
16.2 Cents Canadian to 37.95 Cents Canadian per liter (Excluding Sales tax).
61.34 Cents Canadian to $1.44 Dollars Canadian to one US Gallon
63.18 US Cents to $1.49 US Dollars per US Gallon

http://en.wikipedia.org/wiki/Fuel_taxes_in_Canada

US is not that much different:
18.4 Cents per Gallon to $64.5 Cents per gallon.

The big difference is the Canadian Price includes both a National and Provincial Sales tax. The Federal US Government has NO sales tax at all, and no state extends its sales tax to Gasoline when Gasoline is purchased for personal use. Thus the sales tax is a big factor in the difference in price, but the Canadian Federal Sales Tax is only 5%.

Approximately 1/2 of the tax paid on Gasoline in Canada is the Sales tax, not the exercise tax. Now, the National Sales tax is 5%, so as price goes up so should the sales tax part and the cite I mention above uses a set price not a percentage, so I have my suspicions as to its accuracy.

I stated with a calculation on http://www.frugal-rv-travel.com/gas-price.html , but then made some changes so it work better with one US Gallon. It comes to 3.78 Liters in One US Gallons, but the Cite does not come out and says that:

To convert
1 Divide the average Canadian price per liter by 33.8 = price per US ounce. This is based on 33.8 US ounces to one liter. Thus 1/33.8 Liter Equal One US Ounce or about .029 Liters per US Ounce.

2. Multiply that by 128 = cost in Canadian dollars per US gallon. This is based on the fact 128 US Ounces in one US Gallon. That comes to 3.78 which is the number Liters in one US Gallons

3. Convert that to US dollars by multiplying by the going exchange rate. The present Exchange Rate is one US Dollar to 1.033 Canadian Dollars
http://www.x-rates.com/

Thus your $4.80 includes a 5 Percentage Sales tax, thus if we exclude Canadian Sales tax you paid $4.57 and if we adjust that figure by the Exchange rate it becomes $4.42 US Dollars per gallon.

Just pointing out that much of the difference in price may NOT be tax related, but do to distribution costs. US Gasoline travels several ways, one is to and up the East Coast, Second is a limited pipe-way along the Gulf and East Coasts, third is up the Mississippi, Missouri and Ohio Rivers by barge (With some being shipped by pipeline), then from various points on the Ohio to places throughout the Midwest (Pittsburgh to Minneapolis/St Paul) by pipeline. In winter Canada gets the tail end of this transportation system, in Summer shipments along the Great Lakes reduces costs.

Now, Canada is a net oil exporter, but a good bit of its oil is exported into the US to be refined and shipped back into Canada so the above transportation system affects Canada as while as the US. The main reason for this is the cheapest way to ship the oil is by pipeline south into the US from the Prairie Provinces and then back into Canada via the Great lakes or Pipeline going into Ontario and Quebec (There is only one oil pipeline between the Prairie Provinces and Ontario, You have four going from the Canadian Prairie Provinces to Chicago. all appear to be much larger the the one solely in Canada).

Please note Canada is not the only country exporting oil to the US, and then importing refined oil products back, so does Mexico and Venezuela. Both Countries ship a lot oil to Texas by ocean going barges, then import refined oil products back into Mexico and Venezuela.


http://www.theodora.com/pipelines/united_states_pipelines.html
http://www.npms.phmsa.dot.gov/


If you think the Oil Pipelines are extensive, see the Natural Gas pipelines at this site:
http://www.eia.doe.gov/pub/oil_gas/natural_gas/analysis_publications/ngpipeline/ngpipelines_map.html

Maps of Individual pipelines:
http://www.rextagstrategies.com/downloads#5

[Canuckistanian]

6. Interesting, thanks

Too much to read right now, I'll get back to it.

[TheCowsCameHome]

3. It's fresher. Stop whining.

:rofl:

[Initech]

5. I paid $4.11 earlier.

[Historic NY]

7. Speculators didn't take the weekend off trading futures.