Gas Prices plummeted.

[Greg Dent]

Ya we export more oil to the US than any other country. Its a real bone of contention here in Canada. Why are we dictated by the world market prices if we have a thriving export of the stuff.  We should have one of the lowest prices in the world. Yet we are in the top 50% of countries that pay the most. One thing the Government did is put a 13% tax on fuel. So the higher the price goes the more tax they rake in. Plus they apply this to a road tax that is on the fuel so they are taxing a tax on top of it. It really ticks a lot of people off up here. 

[Greg Dent]

Britain may be breaking even on the production and usage of their oil. They export it to convert it and bring the fuel back in possibly. So it would be a wash as far as the import export goes.

[Shawnster]

Or Britain may be 16th of 20th on the list.

[RaymondG]

One thing that defeats me...

In Australia's capital cities in June the price for regular was about $1.50 a litre.

I was carousing in the US at the time buying it for around $3.80 a gallon.

Now the US is, from what I read here, probably about $2.10 or so while we're paying about $1.20 at best.

The US price has gone down about 45% while our price has dropped a mere 20%.

And the voters of Australia have been told to whinge about a 5c a litre addition to the tax!

[RaymondG]

Sorry, that's half a cent a litre extra excise...

That's 0.5c per litre extra tax in an environment where we're being ripped off for 25 or more cents a litre.

[ChocoBro]

Sorry, that's half a cent a litre extra excise...

That's 0.5c per litre extra tax in an environment where we're being ripped off for 25 or more cents a litre.

 

I understand your point. Still, it's amazing if you consider how much tax some governments put on a bit of petrol. Then there's the extra tax you're paying for corporate investors. Every mile you drive, money is flowing into the pockets of the already filthy rich.

 

The people at the head of this systems are overbloated parasites, and this system has to be utterly destroyed SOO BAD.