The War and the cost of Gas

Just read the small type in the PetroPoints email Gotta make 3 purchases of at least 25L in a month to get the bonus.
So I’m not gonna fill up anymore, but 25L is still over $50 worth.

When I was in HIgh School we couldn’t afford to carpool to UBC in my buddy’s Roadrunner when gas was 39c per gallon. Now it’s over $10.70 a gallon down there and people are bidding fortunes on TV for those crap pony cars.

Threadging a little here:
What are you getting dinged for gas?
$1.71 - $1.74 here in Fort & Vanderhoof

$1.74 here in Northern Alberta as well

$2.80/L in Aberdeen, UK today. Was ~$3.77/L in Stavanger, NO last week. (CAD equiv.)
Cheapest diesel in Kamloops today is $209.9 so I guess $283 dollars to top up from the 1/4 tank the Ford app says it has - or $378 for a full tank.

A cheap $15K “beater” Model 3 is still only $10-12 bucks to fill up at home though

Or, move to Saudi where gasoline is still well under $1/L with refineries on fire.

:slight_smile:

The price of gas at the Chevron station this morning in Prince Rupert.

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That’s 1 cent more than here, where the oil comes from.

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It’s the NDP they’re taxing us to death I tell ya….

$1.59.9 - $1.68.9 in Prince George.today

Da comrade! I suspect the prices may continue to escalate. The strait of Hormuz isn’t opening in the near future.

Just watch when all this is over. Prices will go back down, not overnight, over a year - and to at least a dime more than what they were.
And we’ll all smile and be happy like boiling frogs….

Could be, but I doubt it based on this data.

I was looking at historical pricing a few days ago in Canada to compare to today. There really isn’t much of a different if you factor in just inflation alone. Statcan has publicly available data that records several cities in Canada starting around 1990.

In the chart below, I’ve taken ~35 years of data for Vancouver, Calgary and Edmonton and multiplied the monthly price by the inflation factor for that date.

If you consider the differences between today and 1990 - higher taxation and more stringent environmental requirements, it’s surprising to me the prices have remained as low as they are. Below the chart I’ll past in some of the regulatory and taxes added since 1990 care of Gemini.

It looks like the overall cost from the oil companies is the same or lower, despite the challenges they’ve faced from government regulations. The actual price increases are coming from government taxation.

Key Regulatory Milestones (1990–Present)

Year Change Requirement Primary Objective
1990 Ban on Leaded Gasoline Phase out lead (tetraethyl lead) to reduce toxic airborne particulates.
1999 Benzene Reduction Limit benzene to 1.0% by volume for suppliers (1.5% at sale).
2002 First Sulfur Limits Implementation of initial Sulphur in Gasoline Regulations.
2005 Sulfur Tier 2 Standards Reduce sulfur to an annual average of 30 ppm (max 80 ppm).
2010 Renewable Fuel Mandate Requirement for an average of 5% renewable content (ethanol) in gasoline.
2017 Sulfur Tier 3 Standards Further reduce sulfur to an annual average of 10 ppm.
2020 Current Sulfur Limit Final Tier 3 implementation: default batch flat limit of 12 ppm.

Historical Evolution of Gasoline Taxes (1990–Present)

Year Tax Change Impact/Details
1990 Federal Excise Tax At 8.5¢/L in 1990.
1991 GST Implementation A 7% Goods and Services Tax (GST) was introduced, applied to the total price including excise taxes.
1995 Federal Excise Increase Raised to 10¢/L, where it has remained fixed for nearly 30 years.
1997 HST Introduction Harmonized Sales Tax (GST + Provincial Sales Tax) began in several Atlantic provinces.
2008 First Carbon Tax British Columbia implemented North America’s first broad-based carbon tax at 2.41¢/L.
2019 Federal Carbon Backstop Introduced at $20/tonne (~4.4¢/L) in provinces without their own equivalent pricing.
2024 Carbon Tax Peak Increased to $80/tonne on April 1, 2024, adding approx. 17.6¢/L to the pump price.
2025 Carbon Tax Removal Effective April 1, 2025, the federal government set the consumer carbon tax rate to zero, effectively removing it from the pump.

Tax Breakdown: 1990 vs. Today (Nominal Cents Per Litre)

Tax Component 1990 Level April 2026 Level Change
Federal Excise Tax 8.5¢ 10.0¢ +1.5¢
Provincial Fuel Tax ~11.0¢ (Avg) ~11.0¢ - 15.0¢ (Avg) ~0¢ to +4¢
Consumer Carbon Tax 0.0¢ 0.0¢ (Cancelled 2025) 0.0¢
Clean Fuel Regulations 0.0¢ ~7.0¢ (“Hidden” Carbon Tax) +7.0¢
Sales Tax (GST/HST) 0.0¢* ~7.0¢ - 20.0¢ (Varies by price) +7¢ to +20¢
Total Estimated Tax ~19.5¢/L ~35.0¢ - 52.0¢/L +15.5¢ to +32.5¢

A 7c tax increse after dropping 20c Carbon tax…. gas is now 53c more than it was in early March.

I also watched the report yesteday ib tge price of jet fuel, it’s more than doubled. Parkland in Burnaby supplies mainly jet fuel from Alberta oil. I watched PP demanding they cur taxes on fuel, and posts showed all the countries that hace done so.
Not one of which is an oil producer, let alone with more damn oil than it can sell.

We set ourselves up for this crap.

whoops wrong thread!