As you try to control your temper when looking at the price at the pump, a gas analyst says about a third of that is now tax.
Dan McTeague from GasBuddy.com notes not only is part of that the new federal carbon tax, there’s also provincial tax as well.
“14.7 (cents) for the province on every litre of gasoline, 10 cents for the federal government on every litre of gasoline, and then 16.2 cents per litre in all, for the HST,” says McTeague.
The gas analyst adds oil companies are making a killing, as it costs them about 50-cents a litre to buy the oil and sell it at 85-cents.
He also points out it’s also affecting diesel fuel, home heating and propane.
“ll of these things are now subject to Ottawa’s carbon tax and are permitted to have a tax on tax which compounds the misery for most Canadians at a time of high prices, when most Canadians are indicating the number one issue in Canada is in fact, affordability.”
McTeague then sums it up.
“And of course, 4.2 cents a litre, which is a brand new spanking, slapped on gas tax which I’m sure everyone is cheering.”
