gas prices comparison
$1.13/litre on the west coast up here in Canada.
Note that most of the cost of fuel goes to the gov't in taxes.
I was watching Top Gear. It reached 1£/litre there. However, half of it is in taxes (don't remember the exact percentage but it's in the News section of one of recent Top Gear Shows). Which leaves the rest is actual fuel cost. Convert it to CAD or USD and it's almost the same as what we pay (including our taxes). So their actual fuel cost isn't that much higher than ours. It's just that the taxes pile on and double the actual money paid for a litre of fuel.
Note that most of the cost of fuel goes to the gov't in taxes.
I was watching Top Gear. It reached 1£/litre there. However, half of it is in taxes (don't remember the exact percentage but it's in the News section of one of recent Top Gear Shows). Which leaves the rest is actual fuel cost. Convert it to CAD or USD and it's almost the same as what we pay (including our taxes). So their actual fuel cost isn't that much higher than ours. It's just that the taxes pile on and double the actual money paid for a litre of fuel.
But $1.13CDN there, wow. At 3.8 liters / U.S. gallon, that's $4.29CDN / gallon, and the exchange rate to U.S.$ is about parity right now, so you're paying around $4.29U.S. / gallon. Still that's only a bit more than HALF what they pay in the UK!
Lexus Test Driver
Joined: May 2006
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From: QC/FRANCE
If only Canadian oil was not "oil sands" it would be dirt cheap for selling, but it is not.
1 barrel (31 gallons) of Canadian "oil sands" supposably goes for $30 USD [production] (saw that on wikipedia)
Canada #2 with oil, but it not cost effective, buh hum bug.
1 barrel (31 gallons) of Canadian "oil sands" supposably goes for $30 USD [production] (saw that on wikipedia)
Canada #2 with oil, but it not cost effective, buh hum bug.
Last edited by JessePS; Dec 1, 2007 at 03:20 AM.
Pole Position
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From: UK
I drive about 20k miles per year - I believe the average UK motorist does about 12k. About half the new cars in the UK are company owned and provided to employees as part of their job or as a perk. Usually the company also provides fuel which, although you are taxed on it as a benefit in kind, takes the sting out of high petrol prices.
Lexus Fanatic
Joined: May 2003
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From: Massachusetts
I drive about 20k miles per year - I believe the average UK motorist does about 12k. About half the new cars in the UK are company owned and provided to employees as part of their job or as a perk. Usually the company also provides fuel which, although you are taxed on it as a benefit in kind, takes the sting out of high petrol prices.
a year on gas assuming $8/gal. Correct??
That's insane.
Pole Position
Joined: Jan 2006
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From: UK
LOL. That's pretty much a spot on figure. In my case I stick my fuel expenditure through my business and can then claim 17.5% VAT back on it, then do a calculation with mileage reimbursement which means I get a tax free payment back to cover my initial outlay.
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I drive about 20k miles per year - I believe the average UK motorist does about 12k. About half the new cars in the UK are company owned and provided to employees as part of their job or as a perk. Usually the company also provides fuel which, although you are taxed on it as a benefit in kind, takes the sting out of high petrol prices.
It's a good job the beer there is so good.
Pole Position
Joined: Jan 2006
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From: UK
But that just means it's really a corporate AND personal tax in the end. If a company is paying it that's money they're not paying YOU. And not only does the government get the taxes from the gasoline they then stiff you for getting this 'perk' from your employer.
It's a good job the beer there is so good.
It's a good job the beer there is so good.
Lexus Champion
Joined: Jun 2006
Posts: 4,192
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From: none
Sure, the refined gasoline price alone is similar around the world unless the country is a major producer and subsidizes it to their residents like in Venzuela.
But $1.13CDN there, wow. At 3.8 liters / U.S. gallon, that's $4.29CDN / gallon, and the exchange rate to U.S.$ is about parity right now, so you're paying around $4.29U.S. / gallon. Still that's only a bit more than HALF what they pay in the UK!
But $1.13CDN there, wow. At 3.8 liters / U.S. gallon, that's $4.29CDN / gallon, and the exchange rate to U.S.$ is about parity right now, so you're paying around $4.29U.S. / gallon. Still that's only a bit more than HALF what they pay in the UK!
yeah... it's been > $1/litre for a while. It hit $1.25 when Katrina hit but the exchange rate was what.. US$1 = Cdn$0.90? .85 back then?
I just pumped at $1.004/litre (yeah, prices fluctuate like crazy here).
Lexus Champion
Joined: Apr 2007
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From: Southeastern PA
It's hard to find 91 octane in PA--it's 87, 89 and 93. Sunoco also has 91, and a few stations have 92 instead of 93.
From what I've seen near me, 87 is between $3.06 and $3.20; 93 is between $3.24 to $3.50.
From what I've seen near me, 87 is between $3.06 and $3.20; 93 is between $3.24 to $3.50.
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