Level Extreme platform
Subscription
Corporate profile
Products & Services
Support
Legal
Français
Chart on Gas Prices in the U.S.
Message
From
02/05/2007 15:51:37
 
 
To
01/05/2007 19:49:47
General information
Forum:
Windows
Category:
Computing in general
Miscellaneous
Thread ID:
01221591
Message ID:
01221968
Views:
13
>How much of that is tax?
>
>
>>>Ok, the article you can pass on, but the chart shows it all:
>>>
>>>http://www.msnbc.msn.com/id/18403950/
>>
>>When I was driving home just now the local price was C$1.25 per litre, which at the current exchange rate works out to about US$4.16 per US gallon.

According to http://www2.nrcan.gc.ca/es/erb/prb/english/View.asp?x=686&oid=1130 :

If Retail Price is C$1.25 / litre

Fixed taxes:
Federal Excise Tax: C$0.10
BC Provincial ("road") tax: C$0.145
BC Transit Tax: C$0.06

So, price including federal GST is 1.25 - 0.10 - 0.145 - 0.06 = 0.945/litre

Federal GST is 6.00%, so base price is 0.945/1.06 = $0.891/litre

Total taxes are 1.25 - 0.891 = $0.359/litre, or 28.7% of the total retail price

Today's exchange rate is about C$1.00 = US$0.90 so base price is

(C$0.891/litre) x (3.78 litres/US gal) x (0.90 US$/C$) = US$3.033 per US gallon.

By coincidence, that's about what the US average retail price is now ;)
Regards. Al

"Violence is the last refuge of the incompetent." -- Isaac Asimov
"Never let your sense of morals prevent you from doing what is right." -- Isaac Asimov

Neither a despot, nor a doormat, be

Every app wants to be a database app when it grows up
Previous
Next
Reply
Map
View

Click here to load this message in the networking platform