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I_H8_Spam
join:2004-03-10
St Catharines, ON

I_H8_Spam

Member

Re: Daily Fluctuation in Gasoline Prices

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»www.GasBuddy.com/gb_reta ··· units=us

Higher Taxes that scapegoat isn't floating any more

digitalfutur
Sees More Than Shown
Premium Member
join:2000-07-15
GTA

digitalfutur

Premium Member

Total state and federal taxes in Buffalo are USD 0.66 per US gallon.

Total provincial and federal taxes in Ontario are USD 1.06 per US gallon.

The scapegoat still floats.

andyb
Premium Member
join:2003-05-29
SW Ontario

andyb

Premium Member

Thats 40 cents difference.There over a dollar difference at the pump

I_H8_Spam
join:2004-03-10
St Catharines, ON

I_H8_Spam to digitalfutur

Member

to digitalfutur
I was incorrect earlier, gasoline is priced on a LIFO model not FIFO.

Gas taxes aside, yes Ontario/Canada is higher but the pegging to the daily closing of IPE/Nymex is where I draw a line.

Events like Issac have no local price bearing to delivered gasoline sitting in a station tank, has no price bearing to gasoline sitting in a tanker truck for delivery. However the gasoline industry prices just like that.

The whole system stinks, and I cannot locate another market where price fluctuation occur daily.
petecool
join:2011-09-22
Calgary, AB

petecool to I_H8_Spam

Member

to I_H8_Spam
Try adding Calgary to those graphs...

Not only is it lower (expected) but much more stable.

I spent winter there, gas prices change once a week on average...

So it's not "the way it is in Canada", more like the gas companies want to mess with us and local governments let it happen

I_H8_Spam
join:2004-03-10
St Catharines, ON

I_H8_Spam

Member

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Very true, Calgary is a much flatter price profile; I doubt the price is pegged to a daily fluctuations in market pricing.

There is also a lot of independent/regional stations if I recall, not the near total Petro/Pioneer/Esso domination seen in Ontario.