Quick note on gas prices

It’s amazing to me how quick governments are to say they can’t do anything about the price of gas. As reported this weekend in the local newspaper:

Fuel tax accounts for 40 per cent of the price of fuel and the province charges 14.5 cents per litre.Since 2001, the provincial fuel tax has increased by 35 per cent.

Now, consider the fact that the average New Brunswick spends between $1,500 and $2,000/year on fuel and you will pretty quickly see that the tax on gas is a major drain on your disposable income and that government have a whole lot they can do about the ‘price of gas’.

Cripes, we all yelled and screamed when our auto insurance rates went up by an average of 25%. Gas taxes are up more than that and we don’t care?

Hmmm.

The provincial government should make at least a good will gesture and freeze its ‘take’ on gas prices back to about the 90 cents a litre level. They were able to live on that last year, why not this year?

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0 Responses to Quick note on gas prices

  1. vivenewbrunswick says:

    I actually heard (though I’ll have to find the source) that the percentages on fuel costs were composed by the oil industry-hardly reliable sources. Yet it serves a purpose, namely keeping a good percentage of US blaming government. Keep in mind also that as I look around New Brunswick I don’t see a huge amount of government largesse, meaning, that if somebody asked me whose assets I’d rather have-New Brunswicks or Irvings (or Exxon’s) I’d grab Irving’s in a heartbeat.
    For those who think ‘oil’ is simply one solid unit, Venezuela has started selling oil below cost to poor american communities through it’s american subsidiary. That certainly makes Irving’s $100,000 donation seem paltry-especially since corporate donations are tax deductible.