Wow, thanks for that Al! Just what I was looking for. When our gas prices go up to 4.00 gallon (as they are saying they will) I want to be able to determine the real base cost for the fuel in comparison to other countries.


>>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 ;)