How is it that people in the province that extracts and refines the oil pay more than those in Ontario
The answers are complex to the point of mystification, but they boil down to a simple reality at the pumps:Fuels analyst Dan McTeague says western retailers are gouging from Manitoba all the way to B.C. Profit margins are much lower in Ontario.
It could not be clearer that governments are losing control of inflation, even when they pay to keep it down.The province is already forgoing 13 cents of tax on a litre of gasoline. “The high margins today are significantly cutting into the gas-tax pass-through in the latest week or two,” he says.Where the heck is that 13 cents going? McTeague suggests that the lucky recipients are the gas station retailers.When the UCP announced the tax exemption March 7, Finance Minister Travis Toews said: “We will be paying attention to the pricing behaviour of retailers.”
With massive royalty gains from the very product that’s pounding us at the pumps, there’s no reasonable argument for continuing the freeze.Article content
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