Why are gasoline prices higher than in the past?
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Uploaded by pumptalk on Jul 20, 2006
In the first of a series of Pump Talk videos, Allyson, a Petro-Canada employee, explains in plain terms why gasoline prices are higher than in the past.
Uploader Comments (pumptalk)
All Comments (75)
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what a load of coffee beans!*
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Why is it that the price of oil is at a 6 month low, but the price of gas is still nearly the same as when oil prices peaked? Answer that pumptalk! Just admit that we are being gouged by gas companies!
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lol such bs.
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well you have to understand that people in north America drive much more and much longer distances
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Who's selling the T-shirts?
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when people continually take their own cars to one destination, don't consider carpooling, drive one driver cars.
Of course the price goes up, more cars on the road.
I take the bus and save money
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Back in 1980/81 goverment in canada implemented a "cap" on taxes per litre, to protect themselves from low price gas wars.
My question is, if the canadian goverment can do this, why can they, at the very least "cap" the taxes per litre (.85cent) since they had a surplus of money when the fuel when it was at .85 cents a litre. To me this only seems fair and help canadians instead of capitalizing on a bad situation.
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I'm surprised that we don't make a stand why we pay gas in Canadian; US $4.00 a gallon Can. $5.30 a gallon .. Lets make a stand and roll back the price of gas how much we paid for barrel.. Our government will not help us because, their getting the biggest cut..Make your stand because the goverment will not help you.
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I pay around 6.8 US dollar for a gallon at the moment. I live in Sweden, we got HIGH taxes.
65% of the price is taxes only
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6.2 where do you live?
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So lady, how do you explain that when the price of crude oil rises, the price at the pump goes up right away, even though the price on the market is actually for oil being delivered in 3 months ...
thedrommer 5 years ago 2
This may be worth discussing in a future video. Pump prices are tied closely to the the commodity markets -namely wholesale gasoline, or crude oil. Daily price changes are quickly reflected at the pump. It's more noticeable when the pump price goes up, but it also brings the price down again as witnessed in the last few weeks as the commodity markets cooled somewhat. Even with the ups and downs, profit margins on a litre of gas are in the 2% range.
pumptalk 5 years ago