[Newsbot]

Title: Inflation heats up to 2.2% in February as energy and food prices spike
Category: Economics
Posted By: N_Fiddledog
Date: 2018-03-23 07:09:30
Canadian

[Matlow]

Alrighty then, food is up, mortgages are up, gas is up so let's kick everyone while they are down and raise interest rates. That will surely help the average Canuck get by.

Who does the interest rate increase help?

The banks of course, their profits must be low this quarter.

[herbie]

Vancouverites are now paying OVER SEVEN DOLLARS A GALLON for gasoline. What are they doing about it? Bitching and whining.
So the oil companies know damn well they can hike the prices everywhere else for no reason whatsoever, and the ROC will just bitch and whine too. Prepare for it.

[N_Fiddledog]

herbie herbie:

Vancouverites are now paying OVER SEVEN DOLLARS A GALLON for gasoline. What are they doing about it? Bitching and whining.
So the oil companies know damn well they can hike the prices everywhere else for no reason whatsoever, and the ROC will just bitch and whine too. Prepare for it.

As I understand it the blame is falling on tax hikes and temporary shutdowns or slowdowns of local refineries.

On the news last night they were saying it can be about $1.60 a litre in Vancouver but fall to about $1.30 if you drive east outside the GVRD. You can even do better by going south across the border. All this makes me think Tax is the #1 problem.

[N_Fiddledog]

Also, I'm wondering if local refineries would expand should more pipelines ever be allowed into the area.

Not likely though, with two warring NDP socialist governments in BC and Alberta in a pissy pants competition over who would get the most taxes. Then there's the progressive media cheerleading foreign-funded, professional protesters of the anti-pipeline variety.

[BartSimpson]

Matlow Matlow:

Who does the interest rate increase help?

It helps lower prices for people who pay cash.

[bootlegga]

N_Fiddledog N_Fiddledog:

Also, I'm wondering if local refineries would expand should more pipelines ever be allowed into the area.

That's exactly the answer - there are four or five refineries in the Edmonton area that could ship refined products (gas, diesel, Jet-A) to Vancouver (and already supply 60% of the gas and diesel in the Lower Mainland), but the existing KM pipeline is over subscribed and has ZERO capacity to ship more refined products.

The TMX will add a second line that would carry export crude (heavy and dilbit), while 100% of the existing line would carry refined product for the Vancouver area.

https://achemistinlangley.net/2018/03/2 ... as-prices/

[xerxes]

N_Fiddledog N_Fiddledog:

herbie herbie:

Vancouverites are now paying OVER SEVEN DOLLARS A GALLON for gasoline. What are they doing about it? Bitching and whining.
So the oil companies know damn well they can hike the prices everywhere else for no reason whatsoever, and the ROC will just bitch and whine too. Prepare for it.

As I understand it the blame is falling on tax hikes and temporary shutdowns or slowdowns of local refineries.

On the news last night they were saying it can be about $1.60 a litre in Vancouver but fall to about $1.30 if you drive east outside the GVRD. You can even do better by going south across the border. All this makes me think Tax is the #1 problem.

Yeah it’s taxes that are the main problem. And it’s $1.44 for gas in my neck of woods and I’m outside the GVRD.

[Freakinoldguy]

N_Fiddledog N_Fiddledog:

herbie herbie:

Vancouverites are now paying OVER SEVEN DOLLARS A GALLON for gasoline. What are they doing about it? Bitching and whining.
So the oil companies know damn well they can hike the prices everywhere else for no reason whatsoever, and the ROC will just bitch and whine too. Prepare for it.

As I understand it the blame is falling on tax hikes and temporary shutdowns or slowdowns of local refineries.

On the news last night they were saying it can be about $1.60 a litre in Vancouver but fall to about $1.30 if you drive east outside the GVRD. You can even do better by going south across the border. All this makes me think Tax is the #1 problem.

Nope, it's big oil screwing the little guy.

Sorry but you're right. Here's a pie chart of who gets what from gas.

0:

gas.02.png [ 108.14 KiB | Viewed 426 times ]

So if you really want to know who benefits the most from high gas prices you have no further to look than all levels of Gov't.

[DrCaleb]

Freakinoldguy Freakinoldguy:

So if you really want to know who benefits the most from high gas prices you have no further to look than all the nice, safe, snow free roads we drive on.

FTFY.

[herbie]

Yeah 40% of what you pay for gas it tax. That 40% is the part that benefits all of us.
$1.079 in Prince George. SAME TAX
And what, 17 of the extra 50 cents you're paying is transit fees. The rest is because the gas is imported and they CAN make 20c a litre refinery profit instead of 6 or 7 and they CAN charge you more and you're still buying it.
Whine whine about the tax, even in the states where they pay dick shit for gas and diddly squat for tax, the tax part is the whine. Look in the mirror to blame.
You're STILL buying it. Just like beef, $39 a kilo for prime rib, $30 for steak.

That pipeline was built in the early 1950s. It was capacity when I has summer work at the refinery there in the early 1970s. It can't handle the demand of THREE MILLION people.
3 million NIMBY don't wanna stinky refinery here, don't wanna pipeline here, don't wanna buy an electric car, don't wanna change my shorts just because I shit 'em....

[Freakinoldguy]

DrCaleb DrCaleb:

Freakinoldguy Freakinoldguy:

So if you really want to know who benefits the most from high gas prices you have no further to look than all the nice, safe, snow free roads we drive on.

FTFY.

Haven't been over the Coquihalla lately have you.

[DrCaleb]

Freakinoldguy Freakinoldguy:

DrCaleb DrCaleb:

Freakinoldguy Freakinoldguy:

So if you really want to know who benefits the most from high gas prices you have no further to look than all the nice, safe, snow free roads we drive on.

FTFY.

Haven't been over the Coquihalla lately have you.

Not recently, but you notice I left out the word 'flat'. It is pothole season, and we look to have a bumper crop!

[herbie]

I took the Coq a couple summers ago. I just HAD TO because I knew that with the new 120 kmh speed limit I could get away with 135.... gotta try that!
So I gassed up left Abbotsford and did it in my Wrangler.
Duh!
Holy shit I was worrying about running out of gas heading back towards Cache Creek and luckily there's 1 pricey little place I could buy $20 worth to get back on the main road. And get this, even doing that bit of stupidity I was being passed by F350 4x4s.

Another point I gotta bring up is that there was a whole lot of the same shit going on in Washington State over the Cherry Point terminals and refineries back in the 1970s-1980s. That's it, they're experiencing the same Green thing as BC now, so don't count on them expanding to make more export sales to BC.