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October 30, 2017 4:27 pm

Are You Surprised?

Wednesday, March 14, 2012 @ 4:00 AM

Prince George, B.C.- Yesterday, the price of a litre of regular gas in Prince George  was $1.279.

Late yesterday afternoon it jumped 6 cents  per litre to the new mark shown in the photo above.

The reason  is not clear,  although yesterday  the price of a barrel of West Texas  crude (WTI)  closed at $106.68 US, while Brent Crude (  mix from several oil fields in the North Sea) closed at  it’s highest mark in nearly a year at $126.22 US.

Of course, there is always speculation that the price  increases just before a holiday, and  in School District 57,  March break will start at the end of school on Friday.

 

Comments

Not one bit, they are, after all working towards $150+ p/l by summer. Just plain greed. Barrel hasn’t moved to justify the hikes.

Tourism take a back seat, everyone will just have to stay home no summer holidays only for the wealthy. Besides, the Liberals need every nickle they can get off of us.

An article in yesterday’s Globe and Mail headlined “Oil Price Gap Costs Producers $50-Million a Day” states “It’s costing the energy patch $50 million for every day that Canadian oil sells on the cheap.”

It goes on to decry the price difference between Canadian (much lower) and world prices.

http://m.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/oil-price-gap-costs-producers-50-million-a-day/article2367101/?service=mobile

Gouged.

Our oil refinery in downtown PG is owned by the Chinese and its all business with them… has nothing to do with their costs and everything to do with what they can get away with.

Energy should be a nationally regulated industry. We should have a national energy policy that protects Canadians and promotes Canadian productivity.

If you make a $100k then a 6-cent increase is the cost of doing business, but if you make $30k a year a 6-cent increase can be a substantial percentage of ones gross income displacing the family food budget. With flow through taxes it hits hardest those with the lowest incomes where fuel costs are a higher percentage of their budget… its regressive taxation.

I think the oil and gas industry should have its own corporate income tax. Give them tax free status up till 6% return on investment, then tax them a 70% income tax on all profits above their 6% return. Meanwhile eliminate all the flow through taxes… the federal and provincial fuel taxes, the carbon taxes, the HST, ect. Make the point of collection after the ROI and not on the revenue. Have governments that don’t count on the smooth flow of tax, but rather the ethical taxation from a larger perspective

The cost of energy is what makes the rest of the Canadian economy work… increasing these costs makes the Canadian economy uncompetitive for the standard of living we all expect in this country. The unique characteristics of the northern rural vast country that is Canada demands special consideration.

IMO if we changed the tax policy then we would see oil companies selling gas for under 50-cents a liter… we would see price wars that would cut the price in half as oil and gas companies could then really use price adjustments for competitive advantage without the blunt of flow through taxes. Shipping fuel over greater distances becomes more economical. Retail prices would be forced through markets to reflect more closely actual production costs… and any windfall profits would be heavily taxed.

Without something like the above put into place Canada becomes a third world economy held hostage to foreign energy companies and multinational resource exporters.

IMHO

Jales, that is what the Gateway pipeline is all about. To bridge that differential and inflate further the gouging of Canadians for the sole benefit of foreign multinationals. It has nothing to do with costs of production or return on investments anymore… just pure greed.

Gas in Jasper, the tourist town was $119.9 on Tuesday afternoon.

Isn’t that wonderful. It co-incides with spring break. Do you think that maybe they are gouging the travelling public?

Who is the illiterate person spray painting the snowbanks on the Hart? One says “boycot petrcan” and the other says “boycot perocan”

It would be nice if people could get together and pick on one company at a time and simply stop going to it for a few days and see what the result would be. I essentially boycott Chevron all the time anyways because they are usually the first to put thier price up and the last to put it down. Just trying for that little extra gouge ahead of everyone else. They even put thier cas up last week for a couple of days hoping everyone would follow suit, and eventually put it back down to everyone elses price.

qoute; Energy should be a nationally regulated industry. We should have a national energy policy that protects Canadians and promotes Canadian productivity.

We had that at one time. the people didnt stop winning untell it got voted out .Remember Petro-Canada and the Fed. government

qoute; Energy should be a nationally regulated industry. We should have a national energy policy that protects Canadians and promotes Canadian productivity.

We had that at one time. the people didnt stop winning untell it got voted out .Remember Petro-Canada and the Fed. government

I still think our municipal leaders should put a special tax on the stations and regulate the profit margins..lets say anything above the lowest price being offered anywhere in Canada is taxed by the municipality…;-)

At least that way when we are getting gouged the money could stay in our home community.

Governements don’t regulate profit margins. Why would you risk going broke by opening a business if the goverement took away all the upside of owning the business?

It’s called taxes….they go up and down on a whim of governments. If they are selling gasoline in Quesnel for $1.05 and in PG for $1.25 our city should have a tax assessment of $0.20 per litre.

If gasoline is $0.99 in Victoria and $1.39 in PG our city government should tax the city stations $0.40 per litre.

Prince George residents should never have to pay more than the lowest price offered in Canada, especially since there is a refinery inside the city limits.

$1.1189 in Clearwater
$1.499 in Richmond

I guess they have a tax free refinery in Clearwater, or maybe they are selling that old gas from a couple of years ago???

If they can retail gasoline in Clearwater for $1.189, then they can in PG also. At least the people that live in Richmond have the option of crossing the border and buying road tax, carbon tax, hst tax free USA fuel…here in PG we just keep getting gouged….stupid stupid people.

I agree, gas prices are high. It sucks, thats why I buy at the Vanderhoof Co-Op (you get cheaper per litre plus they do profit sharing based on usage, saves 6-7 cents per litre).

In your scenario who would pay the tax? The gas station owner or the franchise? The gas station owner doesn’t set the price of gas. The franchise does and the City of PG has absolutely no tax jurisdiction over Husky or Cheveron etc. Based on what I have been told (if you have heard different please tell me) the station owner gets to keep a small amount per litre (not the $.2 difference between us and clearwater), with your Canada wide price policy, the gas station owner would go broke trying to pay the City of PG. Then we wouldn’t have to worry about the price of gas because there would be none to buy.

What might work is if somehow we collectively bought only from stations that give you something back (Superstore, Canadian Tire, Vanderhoof Co-op etc). You may see the other stations drop there price to try to compete and it could have a bit of a price war effect. If it doesn’t you still got some sort of financial reward for trying.

I was driving up the Hart at noon and saw someone spray painting “Boycott Petro Can” in the snow in front of the petro can on Austin Rd.

You can get a total 7 cents a litre off at Petro Can with Petro Points and their Petro Points credit card. So add that to your list porter!

I heard a rumor that Costco was going to put in a gas station. I guess time will tell.

Let me guess- was Chevron the first in town to raise their gas price?

Gouging, Greedy, Government and Big Oil!
Your pushing people into a corner!
Gas has gone up 100% in the last 10 years.
Eventually this will turn ugly.
Government, whom ever is in is supposed to be for the people not against!

eagleone, which downtown refinery are you referring to? If you are talking about Husky I would hardly call North Neckako the downtown area. Also, Husky is a public company which means its owned by shareholders, not “the Chinese”.

Seems silly how everyone is surprised.

The world’s government’s need INFLATION to deal with the huge amounts of debt.

Look at everything you use, touch or see. Guarantee its been touched by Oil.

Price of oil goes up, so does inflation.

Personally, Id prefer to see taxes go up rather then dealing with the hidden tax of inflation.

Definition of ‘Inflation’
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. Central banks attempt to stop severe inflation, along with severe deflation, in an attempt to keep the excessive growth of prices to a minimum.

Read more: http://www.investopedia.com/terms/i/inflation.asp#ixzz1p86Y55Jm

Just bought my new truck 2 weeks ago……. a V6.

Gas went up 6 cents you say…… you know what I’m not the least bit concerned. As a mater of fact, I would laugh if the price went to 2 bucks a litre. Maybe then these people that drive around in dually pickups to grab a loaf of bread might start making some better decisions.

The sooner we find alternatives to Oil the better off we will all be.

Ruez, I would hardly call Prince George Pulp Mill Rd the North Neckako.
The refinery is within 3 km’s of the downtown. Thats pretty much downtown in my books. Who are the shareholders of this refinery? Could the majority be the Chinese?

mwk

You wrote,,, Just bought my new truck 2 weeks ago……. a V6 .
Way back I owned a 1985 V6 Ranger 4×4 5 speed ,,my usage Hart to downtown type driving got me 16 to 17 miles per gallon.Traded it in for 1988 F 150 4×4 auto ,,close to the same mileage.Wondering how you`l make out? I am curious how you will do.

When is the carbon tax going up again? Remember to vote Liberal because they are saving the environment !! :-)

“Gas went up 6 cents you say…… you know what I’m not the least bit concerned. As a mater of fact, I would laugh if the price went to 2 bucks a litre. Maybe then these people that drive around in dually pickups to grab a loaf of bread might start making some better decisions.”

Lol, no kidding. You really have to wonder what all these duallys are hauling around to justify their existence. If you can afford a dually, surely you can afford the gas, right?

dragonmaster, I guess by your logic the prison is also downtown as it is almost an identical distance.

Ruez the pollution from the oil refinery doesn’t know the river as a boundary. Essentially you have the oil refinery, next to the river, and then the river next to the downtown.

Half the board of directors are Chinese and the controlling shareholder is Li Ka Shing the multi billionaire owner of the Panama Canal, the Port of LA, and the Port of Vancouver. Of fame in BC for passing a $20,000 envelope to the Zalm when purchasing his Fantasy Gardens and most of the provinces old Expo lands. Most of Husky profits are going into oil infrastructure in China and off the Chinese coast.

Ruez the prison as far as I know doesn’t have a smoke stack polluting 24/7 the air-shed.

Li Ka Shing could care less if his refinery in back water nowhere PG pollutes the downtown and gouges the locals at the fuel pumps. Its all business… he didn’t get filthy rich being a nice guy.

eagleone; what does a smoke stack have to do with a refinery or a prison being downtown?

Have you ever driven by the refinery Ruez? Big difference between the refinery and the prison you are comparing it with.

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