this post was submitted on 30 Jul 2023
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"Inflation" my arse.
Handwaving the obvious profiteering on groceries as "inflation" is disingenuous at best. Gasoline has been overprices due to obvious profiteering for years, but all people complain about is the tax portion of the cost (which is significant but not the lion's share of the cost.)
Gas tax (before HST) ranges 25.10-48.05 ¢/L
Out the window I see 182.9 ¢/L.
Without HST that's 159.08 ¢/L.
Fuel tax is 32.20, leaving 126.88 ¢/L.
All together, that's 30.6% tax, 69.4% operating and profit.
The 'fun' part is, the more gas prices go up, the less percentage goes to tax.