Gassed again

[NAB]

June 1,2012 , the Fiberal Green Carbon Tax increased and ate up the drop in gasoline

No it didn't.

Nab

[Ken7]

Speaking of TAXED, have you noted they no longer show the pie on the pumps indicating where your $1.29 per lt is going??

What's with that, guess they can't keep up with the sticker printing!

[John500]

Barrel of oil, $82 Price of a liter of gas $1.26. Yes that makes a lot of sense......does it? More billions of profit for big oil. Dont you love being gauged by free enterprise?

[Poindexter]

Barrel of oil, $82 Price of a liter of gas $1.26. Yes that makes a lot of sense......does it? More billions of profit for big oil. Dont you love being gauged by free enterprise?

I had mentioned it in a post regarding how few companies supply us with all our needs and how that can be bad. The resistance of these companies to pass on lower costs was one of the reasons it's bad. When there are few independant competitors they will avoid repricing the market down since it doesn't do any of them any good. If all your supposed competitors don't lower their price what good would it be for you to. It isn't seen fixing prices but it's done everywhere. Ever wonder how much your cell phone costs Bell, Telus, etc to supply? All I can tell you is thier cost of providing service is no where close to what they charge and make insane profits, just like oil companies and the like.

[moparmaddness]

All the outrage in the world will never result in 1 cent difference in the price at the pump.. maybe just maybe if you want to recoup some of the price you pay, perhaps invest in "big oil" unless of course your morally opposed to it... Same thing with the phone companies. For those who always complain about fuel prices, that's all well and dandy, except that "big oil" does something that has never clicked for most trades or goods and service in Kelowna and else where - and thats raise prices...

Simple example. Plumbing rates should be in the $150 dollar area for a call out. That means $30-$40 should go to the employee. Company X makes $110-$120, which is about what you need to stay in business in any business. After call out fees the hourly rate can be billed out at approx $80-90 with the employee making approx 1/3 to 1/2 of that. As soon as you start undercutting rates your company is only hurting its own bottom line, you can either take less as a company or hire cheaper employees. From what I have seen in Kelowna many employers take the second option. Who wants to take the hit (you or him? ) They expect a ticked journeyman to work for $19-$24 so that the company can bring its rates down to $120-$130 and $60-75/hour. Then the cycle is repeated throughout all the plumbing companies in Kelowna. That works well for about 2 months. The trades person leaves, your stuck as an employer and have to hire another less educated trades person (to keep up with the rates everybody else is charging), make them work faster, quality suffers, your name takes a hit. End result you loose money. Undercutting hurts everybody in the end. IF all the plumbing companies were to leave their rates @ $150 and $80-$90 then they all make that, the only variable in the equation is quality. And people are willing to pay for quality or perceived quality .

Smart companies don't lower rates, especially for whining fuel consumers, or for anything else other than they feel like it. With Oil its much the same. Everybody keeps their rates within a close margin before taxes. No fooling around. Keep prices high = make more money. Give you a break = less money. Smaller "mom and pop" gas stations can offer cheaper rates by up to a few cents, because of a varying array of reasons ie. less advertising costs. But again people will pay for quality or perceived quality. "Mom and pop" gas stations appear less appealing because you haven't been bombarded with their advertising and marketing. In the end "mom and pop" go out of business and the small amount of market share they received while in business is a drop in the big bucket of "big oil". And when a countries people is in a recession or perceived recession or in a large boom - that is when you take even more advantage of the situation and raise prices.

Moral of the story - get on board or be left behind, trades don't lower your prices let your work stand alone, and have a measure of understanding what goes into pricing/ economics.


:skyisfalling: Gas prices have risen - yet i still drink bottled water and $2.00 coffees

[mrs.bandaid]

I was on my way to Vernon earlier this week and was being passed by one big pickup after another. I was probably doing 100 k's or slightly more and thinking to myself that obviously, the price of gas is still too cheap.

[OnTheRoadAgain]

The price of fuel matters not to the lead foot driver.

[GordonH]

Speaking of TAXED, have you noted they no longer show the pie on the pumps indicating where your $1.29 per lt is going??

What's with that, guess they can't keep up with the sticker printing!

Here is breakdown of taxes charge on gas: (outside of GVRD & Victoria)

Motor Tax .145 cents per litre (BC)
Carbon Tax .0556 cents per litre (BC) going up on July 01 to .0667 cents per litre.
Excise Tax .10 cents per litre (Federal)
GST this a 5% based on the purchase (Federal)