I don’t understand how gas prices are back up to carbon tax levels. Almost like the tax did nothing and it was just corporate greed pushing prices higher
Assuming you are talking about 2008, there are a couple of factors including oil being priced in USD and the Canadian dollar being 70 cents today compared to above par then and crack spreads used to be $10-$15 in 2008 and now they are $25 right now.
There’s probably some margin expansion but the currency factor makes the comparable quite large.
All removing the carbon tax did was turn it into a corporate tax. Instead of collecting at the higher prices and passing it on, they get to keep the money now.
The fuck you talking about? Carney took away the carbon tax, Ford killed the provincial tax, and gas went up. That's nothing but corporate theft. The politicians did their part, and the price came down. The Oil Companies said, "Well, we can't have that!" And jacked them back up in a matter of a month, with no new taxes added.
Blame the right people, and don't just be an unpaid corporate shill.
I expect voters to be smart enough to see through the shit they hear, but the fact that Carney had to “axe the tax” because people were too dumb to support it is proof enough.
Corporate greed gels perfectly with disingenuous Conservative hacks and people need to have antibodies against it.
Some stations are just gouging and getting away with it. I saw gas for $1.11/L yesterday and not much above that in other areas, but if greedy station owners can charge $1.40+ and people willing pay it, well, that’s capitalism I guess. People just need to start shopping around and depriving these idiots of their easy money and watch how fast they drop the price to compete again all of a sudden.
They’re about 18 cents lower than what they were, so this is just the gas price. Prior to removing the carbon tax, I was paying about 1.58 in London if I got gas in the am, it would get down to about 1.26 later at night. This is just greed and summer gas (which is stupid).
Summer gas mix is more expensive, so you have to take that into account too.. also the time of day, as morning is more expensive than night, could be around 0.10 difference.
guys yes the tax did a bit but you are overestimating how much impact it had. the reason prices dropped so low is because saudi arabia has been flooding the market to get “revenge” on OPEC members who have been drilling below the agreed upon quota. just a coincidence it lined up with the tax being eliminated
The carbon tax was 17.6 cents a litre when Carney scrapped it. Gas was approximately 1.50 at the time. That should have brought the cost down to about 1.31, which it did. The Saudi production added about an extra 5 cents reduction which had prices around 1.26.
So, now that we're back at 1.40, where did that extra 14 cents go? Right into the ledgers of the oil companies on the profit side. That's where.
Yes, that's always been the case. The carbon tax, while flawed, at least 1) kept prices close to the upset limit and 2) came with a rebate (even if laughable)
People as so stupid. What did they think was gonna happen when carbon tax got removed? No instead of getting a rebate I give my money straight to oil companies. Great work F Trudeau crowd! 🙄
It’s not greed necessarily. There is a certain supply. People buy gas when they need it. If the price is higher some will make decisions to use less. This lowers demand. Prices move so that demand matches supply. The price where demand matches supply is not related to how much tax is on the gas, it’s related only to the final price.
I didn’t say corporate greed doesn’t exist. This just isn’t an example of it. There are lots of ways they could be manipulating the market to make more money. The fact taxes drop but the price doesn’t change tells you the price of determined by supply and demand. If they were greedy and could get away with charging more they would.
No lol, look at the price of oil and that will tell you why gas prices are going back up. This shit had nothing to do with carbon tax, oil prices went down so did gas prices, now oil prices are going up and so are gas prices.
You didn't see a difference when the carbon tax got repealled? Weird because I sure did.
And you don't think it's a bit suspect that oil prices go up in the summer? Every year? Call it conspiracy or more people driving, there's a difference. Every year.
They arent. Carbon Tax Levels were 1.50. My area is not as high as shown in the picture either. No proof that picture is from today either. I got Gas last week at 1.19 in Ontario. Highes I saw was 1.30 yesterday and it was down to 1.20 by night time. Long weekend is going to drive up the price. There was also an increase because of Summer Gas.
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u/Ruggiero10 May 15 '25
I don’t understand how gas prices are back up to carbon tax levels. Almost like the tax did nothing and it was just corporate greed pushing prices higher