We are Number 4

Friday, February 16, 2007 10:49 AM

The weekly gas price information is now out from M.J. Ervin & Associates , showing the average price for gas across Canada at 87.0 cents a litre, with a price before taxes of 55.7 cents a litre.

That compares with a litre of gas costing 94.9 cents in PG, and a cost before taxes of 65 cents a litre , making fuel in this region before taxes the fourth highest in Canada behind Yellowknife at 72.5, Whitehorse at 75.9 and Timmins Ontario that edged Prince George out of third spot this past week at 66.1 cents a litre.

The MJ Ervin survey takes in 60 cities from across Canada. The Price before taxes includes , the wholesale mark up, and the mark up at the pumps, but does not include taxes.

Some gas prices across Canada including taxes

This week are Kamloops 88.6, Kelowna 92.9, Calgary 81.1, Saskatoon 89.9, Brandon 82.3, Toronto 83.8, and Ottawa at 86.

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Posted on Friday, February 16, 2007 10:49 AM in News by 250 News

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Comments

Posted by: jonnypg on February 16 2007 1:03 PM

See.. other towns enjoy low gas prices for months but do we, by the time they lower prices in PG the price of oil is on it's way up and you can bet the following day our gas stations do the same!

Posted by: Chadermando on February 16 2007 1:34 PM

Three points of interest.

The Atlantic province's and Quebec pay PST on their gas and we do not, and yet those provinces pay less at the pump than we do. Therefore the oil and gas companies not only make 7% more on our fuel, they also charge more for it on top of that.

Hence a strong argument for a local gas tax to cut into the petroleum companies margin without any real added cost at the pump.

Point number two is that every oil refinery in Canada bases their price for fuel on their nearest competing market in the United States. The theory is that those are the opportunity cost markets where they could sell their product if it was not sold in Canada, therefore we pay the opportunity cost price before taxes at the pump. The problem is that our Husky refinery in PG is not connected to any 'opportunity' market in the United States. That raises the question of how they price their product from the local refinery if it is not based on an opportunity market, or do they base our price on the Edmonton market, or is our market the market leader lead by our Chinese ownership group.

Another point of interest is that all the gas stations in PG are company owned gas stations, meaning they have their price set from Calgary. In a healthy market of owner operated gas stations the gas station owner will mark down the price of fuel to bring people into their store where they make their real money. Without any owner operated gas stations in PG our market is controlled by Calgary. This accounts for the price difference when one travels to the surrounding areas around PG where they have owner operated gas stations competing in the market

Posted by: acrider54 on February 17 2007 7:20 AM

Check out this website for gas prices throughout B.C. http://www.bcgasprices.com GAs prices raise 4 cents per US gallon in the States but rises 5 cets per liter in BC. Figure that one out.

Posted by: acrider54 on February 17 2007 7:20 AM

Can't spell this morning?

Posted by: acrider54 on February 17 2007 7:38 AM

Oh by the way gas prices have gone up because of the CN strike.