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 > Info on how fuel prices are set in Canada

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JaxDad

Greater Toronto Area

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Posted: 06/26/18 12:10pm Link  |  Quote  |  Print  |  Notify Moderator

Little Kopit wrote:

Lessmore wrote:

I have no confidence in CBC news,


The CBC is one of the best for checking facts before they go to air.

On gas prices, Atlantic Canada (NL, NB, NS, &PEI) all have regulated fuel prices. Look up utilities board, or some such for each one via google. Although I can post them all. Gas Buddy will not give you as much information as those provincial sites. & they will also explain what sources they look at before making the weekly or bi-weekly price change.

[emoticon]


It's exceedingly rare that "fixed prices" are a benefit to anyone but the seller, and in this case the government.

As part of the 'regulated' prices there is a MINIMUM price as well as a maximum price.

In NS currently it includes a minimum of ~$0.048 / liter retail markup plus $0.0665 / liter wholesale markup plus a $0.005 to $0.022 / liter transportation allowance.

That comes to a total of at least $0.12 markup over the 'benchmark' price.

In Ontario currently it's about $0.10 over market price, which typically is about $0.05 under the 'fixed' wholesale price.

So your 'fixed' price is costing you about m$0.07 liter more. That sounds like a 'broken' system to me.

hone eagle

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Posted: 06/27/18 06:35am Link  |  Quote  |  Print  |  Notify Moderator

"Iam from the government and Iam here to help"

scary


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shum02

Burlington ON CDA

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Posted: 06/27/18 07:26am Link  |  Quote  |  Print  |  Notify Moderator

hone eagle wrote:

"Iam from the government and Iam here to help"

scary


Dougy is going to bring it down $0.1/L, wondering how he's going to do that? Never mind stop "long weekend" bumps in the price.


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hone eagle

essex ontario canada

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Posted: 06/27/18 05:03pm Link  |  Quote  |  Print  |  Notify Moderator

shum02 wrote:

hone eagle wrote:

"Iam from the government and Iam here to help"

scary


Dougy is going to bring it down $0.1/L, wondering how he's going to do that? Never mind stop "long weekend" bumps in the price.


simple did you forget the carbon tax imposed by Wynne? 10 cents I believe ,all he has to do is drop it ,hope the former government didn't spend 5 years worth before they got to collect.

JaxDad

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Posted: 06/27/18 06:29pm Link  |  Quote  |  Print  |  Notify Moderator

hone eagle wrote:

shum02 wrote:

hone eagle wrote:

"Iam from the government and Iam here to help"

scary


Dougy is going to bring it down $0.1/L, wondering how he's going to do that? Never mind stop "long weekend" bumps in the price.


simple did you forget the carbon tax imposed by Wynne? 10 cents I believe ,all he has to do is drop it ,hope the former government didn't spend 5 years worth before they got to collect.


Did you forget the $1.5 BILLION a year the ‘cap & trade’ auctions brought to Ontario?

According to Stats Can Ontario consumes about 15 million litres of gas per year. So let’s see, 15 million litres at $0.10 / liter is $1.5 MILLION per year.

Meh, what’s three zeros amongst friends?

Maybe we should talk about electricity instead? Some golf pro from North Bay decided to break up Ontario Hydro a few years back, but the law prevented him form writing off the debt caused by giving his buddies a sweet deal on severance pay, pensions and fat pay cheques in general. So now we have a ‘debt retirement charge’ that never gets retired.

Wait, let’s go back to gas, the ‘road tax’ on gasoline used to pay for the MTO budget, but then that golf pro’s ‘No Sense Revolution’ included auction off billions in trucks and infrastructure to Party Faithful for penny’s on the dollar so they could get contracts to do the highway maintenance for 30% more than civil servants did it. Let’s not go into the wrongful death lawsuits over a lack of winter maintenance though, it will ruin the mood of Dougie’s celebration party.

Oh wait, let’s go back to the carbon tax, what about all those poor schmucks who spent money on installing solar panels & wind turbines on their property? The ‘guaranteed’ price of electricity they get paid is ‘X’ cents per kWh PLUS the subsidies..... ooops, what subsidies?


For those that ‘drank the Kool-Aid’ I truly hope it’s not as bitter as the last batch was.......

explorenorth

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Posted: 06/27/18 07:06pm Link  |  Quote  |  Print  |  Notify Moderator

JaxDad wrote:

According to Stats Can Ontario consumes about 15 million litres of gas per year. So let’s see, 15 million litres at $0.10 / liter is $1.5 MILLION per year.


You have a decimal point or something off:
"According to Statistics Canada, Canadians consume about 40 billion litres of gasoline a year. 111 million litres a day. The majority of gasoline is purchased and consumed in Ontario and Quebec. 39% is consumed in Ontario, 21% in Quebec"

( http://www.pumptalk.ca/2007/08/365-days-equals.html )

hone eagle

essex ontario canada

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Posted: 06/28/18 05:11am Link  |  Quote  |  Print  |  Notify Moderator

JaxDad wrote:

hone eagle wrote:

shum02 wrote:

hone eagle wrote:

"Iam from the government and Iam here to help"

scary


Dougy is going to bring it down $0.1/L, wondering how he's going to do that? Never mind stop "long weekend" bumps in the price.


simple did you forget the carbon tax imposed by Wynne? 10 cents I believe ,all he has to do is drop it ,hope the former government didn't spend 5 years worth before they got to collect.


Did you forget the $1.5 BILLION a year the ‘cap & trade’ auctions brought to Ontario?

According to Stats Can Ontario consumes about 15 million litres of gas per year. So let’s see, 15 million litres at $0.10 / liter is $1.5 MILLION per year.

Meh, what’s three zeros amongst friends?

Maybe we should talk about electricity instead? Some golf pro from North Bay decided to break up Ontario Hydro a few years back, but the law prevented him form writing off the debt caused by giving his buddies a sweet deal on severance pay, pensions and fat pay cheques in general. So now we have a ‘debt retirement charge’ that never gets retired.

Wait, let’s go back to gas, the ‘road tax’ on gasoline used to pay for the MTO budget, but then that golf pro’s ‘No Sense Revolution’ included auction off billions in trucks and infrastructure to Party Faithful for penny’s on the dollar so they could get contracts to do the highway maintenance for 30% more than civil servants did it. Let’s not go into the wrongful death lawsuits over a lack of winter maintenance though, it will ruin the mood of Dougie’s celebration party.

Oh wait, let’s go back to the carbon tax, what about all those poor schmucks who spent money on installing solar panels & wind turbines on their property? The ‘guaranteed’ price of electricity they get paid is ‘X’ cents per kWh PLUS the subsidies..... ooops, what subsidies?


For those that ‘drank the Kool-Aid’ I truly hope it’s not as bitter as the last batch was.......


No I didn't forget

calm down

shum02

Burlington ON CDA

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Posted: 06/28/18 07:53am Link  |  Quote  |  Print  |  Notify Moderator

I was also being sarcastic. Good luck seeing Dougie's $0.1/L reduction or his ability to hold down prices before long weekends. Election talk.

bsinmich

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Posted: 06/29/18 12:35pm Link  |  Quote  |  Print  |  Notify Moderator

It is natural that gas prices are high because you have Dominion Day and e have July 4. When did you ever see the po companies miss a holiday for an increase.


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JaxDad

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Posted: 06/29/18 04:22pm Link  |  Quote  |  Print  |  Notify Moderator

bsinmich wrote:

It is natural that gas prices are high because you have Dominion Day and e have July 4. When did you ever see the po companies miss a holiday for an increase.


Nope, not now, ‘Dougy’ got sworn in this morning, he swears it won’t happen again.

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