We get very little from Texas, so that reason is out of the loopAll Cdn pls..If oil prices are under $100.00 why are we being gorge at the fuel pumps..?
Collectively, Canadian provinces and territories raise about $7.8 billion per year from excise taxes on gasoline and diesel fuel. About 1/3 of the cost of gas.
About 3X the taxes on US gas.
All Cdn pls..If oil prices are under $100.00 why are we being gorge at the fuel pumps..?
Crude Oil does not equal gasoline. With our refinery capacity crippled and shorthanded, higher gas prices are to be expected.
The refineries on the South Texas coast handle about a quarter of all gasoline refined in the States. So with them shut down, supply is compromised and prices go up. Conversely, because they cannot take the oil that is available, the price of oil goes down due to lack of demand.
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