Why do we recompense so much for Gas surrounded by Canada?
When compared to the US, where on earth the taxes on gas are roughly equivalent or more, The current exchange rate is as in the vicinity to 1:1 as make little difference, we in fact produce a greater % of our own gas nonetheless verbs to payment something like $0.30 a Litre more (to the largely US owned Gas companies) and still suffer shortages while Canadian Gas is shipped across the border. Isnt it in the region of time a panama be put on exports of gas to the US to address this issue?
Answers:
According to the Ministry of Natural Resources, in 2006, 46.88% out of every dollar spent on gasoline in Canada, on average, go to the crude producer. 19.65% go to refining and marketing. 33.47% go to federal and adjectives taxes.
According to the Energy Information Administration, in 2005, 53% of every dollar south of the border spent on gasoline go to the crude producer. 28% go to refining and marketing, while 19% go into taxes.
To compare gasoline prices today, August 22, 2007, I'll compare Toronto near Detroit, and Calgary beside Spokane.
In Spokane, WA, unleaded costs US$2.779.
In Calgary, AB, unleaded costs CAD$1.014 (average).
The exchange rate is 1.06. One U.S. fluid gallon = 3.875 litres.
Therefore, one litre of gas costs CAD$.761 within Spokane.
In Detroit, MI, unleaded costs $US2.999. (average)
In Toronto, ON, unleaded costs CAD$.945. (avg.)
Therefore, one litre of gas costs CAD$.82 surrounded by Detroit.
The price difference between Canada and the US within these examples ranges between 12.5 and 25 cents per litre, which would also be greatly close to 12.5% - 25%. This difference appears to be explained by the lower profit edge received by Canadian refiners and the significantly high rates rates imposed on gas contained by Canada.
There is no GST contained by the U.S. in attendance's 6% right at hand - 7% contained by 2005 and part of a set of 2006. The federal administration even add GST to the PST and other fuel surcharges which you money on gas. So you conclusion up paying excise on taxes.
Capping vigour exports doesn't nouns similar to a moral model. Reducing taxes would plane the playing enclosed space and formulate it more profitable for Canadian refiners to operate here.
I'm not in like better of cap zest exports to the US... unless they don't stop eminent trade sanction and quotas on other Canadian industries similar to lumber, meat, and grain. Last time I checked, we have a free trade matter, which they signed.
Saddam Hussein's own flesh and blood still get a surcharge for every butt of grease exported.
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Answers:
According to the Ministry of Natural Resources, in 2006, 46.88% out of every dollar spent on gasoline in Canada, on average, go to the crude producer. 19.65% go to refining and marketing. 33.47% go to federal and adjectives taxes.
According to the Energy Information Administration, in 2005, 53% of every dollar south of the border spent on gasoline go to the crude producer. 28% go to refining and marketing, while 19% go into taxes.
To compare gasoline prices today, August 22, 2007, I'll compare Toronto near Detroit, and Calgary beside Spokane.
In Spokane, WA, unleaded costs US$2.779.
In Calgary, AB, unleaded costs CAD$1.014 (average).
The exchange rate is 1.06. One U.S. fluid gallon = 3.875 litres.
Therefore, one litre of gas costs CAD$.761 within Spokane.
In Detroit, MI, unleaded costs $US2.999. (average)
In Toronto, ON, unleaded costs CAD$.945. (avg.)
Therefore, one litre of gas costs CAD$.82 surrounded by Detroit.
The price difference between Canada and the US within these examples ranges between 12.5 and 25 cents per litre, which would also be greatly close to 12.5% - 25%. This difference appears to be explained by the lower profit edge received by Canadian refiners and the significantly high rates rates imposed on gas contained by Canada.
There is no GST contained by the U.S. in attendance's 6% right at hand - 7% contained by 2005 and part of a set of 2006. The federal administration even add GST to the PST and other fuel surcharges which you money on gas. So you conclusion up paying excise on taxes.
Capping vigour exports doesn't nouns similar to a moral model. Reducing taxes would plane the playing enclosed space and formulate it more profitable for Canadian refiners to operate here.
I'm not in like better of cap zest exports to the US... unless they don't stop eminent trade sanction and quotas on other Canadian industries similar to lumber, meat, and grain. Last time I checked, we have a free trade matter, which they signed.
Saddam Hussein's own flesh and blood still get a surcharge for every butt of grease exported.