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Thank goodness I don't really need my car for the next few months...
<-- Gray G6? Click!
2006 G6 SE V6 3.5L Sedan "Sharon", Stealth Gray Metallic, 1SA+CF5+PCM+PDX - Sold but will not be forgotten... will always have a special place in my heart.
2006 Solstice 2.4L I4 "Kristin", Shadow Gray Metallic, 1SA+JL9+G80+PCQ+ZQ2+ZQ3 Life moves fast, don't miss a thing.
Oil hit $100 a barrel today... market prices are purely speculative at this point... it's a joke. Leading economists have said the price should fall to around a low $90s ... so they're 10% overpriced at the very least.
Factoring all the typical excuses for why gas is high:
- OPEC might not meet demand by 2024 ... but if they just up their product a tad they'll be fine for decades thereafter :S
- Nigerian guerillas attacked the main port city causing some death but no damage...
- US Inventories are expected to fall
- The Lochness Monster, Big Foot and Extra-Terrestrials have all professed a love for oil
So as you can see we have many glaring international issues affecting the price of gasoline.
Realistically... India/China are becoming ever more thirsty for resources - especially oil and the world's producers are comfortable sitting on their hands doing nothing to increase production because they will earn fatter margins. Prices are seriously out of whack when someone can produce $100 billion in profit in a year (exxon :@)
I can't wait for people to start trumpeting the 'ethanol age' where not only will our price of fuel increase but so will the cost to buy anything agricultural... oh and guess what: corn (a primary source of ethanol) is used in nearly everything you can imagine! So not only will we get poorer fuel economy, but probably people will go hungry.
Like my dad has always said: I have to find a way to make cars run on urine... imagine being able to pull over to the side and fill up your tank! Better yet, we should make cars run off of media bullshit (see above)... it would be like harnessing cold fusion!
2007 G6 GTP Coupe 3.6 L VVT
- 6 Speed Automatic
- Premium Leather Package
And to clarify - in case I sound stupid - corn by-product is typically ran through a fermenting process to create the ethanol flexfuel cars desire... other great sources include sugar cane (see Brazil) and alcohol (see Ralph's 'GASOHOL' fueled car)
1 for you... 1 for me... 1 for you ... 1 for me
2007 G6 GTP Coupe 3.6 L VVT
- 6 Speed Automatic
- Premium Leather Package
There are 3.8 litres in every 1 US Gallon... I'd love to see $3/USGal again... that would be about $0.79/L (assuming dollar parity). It was $1.04/L when I went out today ($3.94/USGal).
The GST drop won't show-up on gas or other small purchases... it certainly didn't last time. Parking, gas, recreation fees, etc. just stayed where they were. The 1% just improved profits for the seller. Now purchasing a new TV or something... that's where it'll show up.
My wife wants to buy a medium format film scanner... we'll likely be spending in the $1 to $2K range (I don't know what one she wants yet). 1% savings will be nice but it wouldn't be a deciding factor to buy or not. I can't see people rushing-out now just because of the GST drop to buy stuff.
Yeah, the GST drop will only be really noticeable on large purchases. Like cars.
Also, gas prices include other taxes. I may be wrong but I don't think GST is charged on those taxes, so the GST component isn't 5% of the pump price, it's something less than that. So the effect of the GST drop is less than 1% on the price of gas.
im sorry but ethanol is not the way, so what we will pay $2 a gallon for gas, yeah great until you go to the supermarket and pay $2 for an ear of corn, and you know why milk is $5 a gallon, corn price increases makes cow raising more expensive, you really want to pay $7-8 a gallon for milk?
Appearance: Chrome Lower Grilles-Black Euro Tails-Red DupliColor Calipers-Red LED Dome/Map-Tint 15% All Around-4300K Fogs-8000K Lows-18" Black Konig Hotswaps-Pirelli PZero Performance: Stage 3/4 CAI-GTR Exhaust-VMS Tune Sound: 12" Kicker L7-Optima Redtop-Retrofit 2008 Radio Owner #3
Yeah, the GST drop will only be really noticeable on large purchases. Like cars.
Also, gas prices include other taxes. I may be wrong but I don't think GST is charged on those taxes, so the GST component isn't 5% of the pump price, it's something less than that. So the effect of the GST drop is less than 1% on the price of gas.
Actually, GST is charged on-top of the other taxes! There's
Federal Excise Tax of $0.10/L;[/*:m:9sl6dp4j]
Ontario Excise Tax of 0.147/L; and[/*:m:9sl6dp4j]
GST (now 5%) on price after applying other taxes.[/*:m:9sl6dp4j]
When GST was 6% (2007), the Canadian Government had a nice graph showing the cost of taxes on a pump price of $1.00/L (showing cents of tax per litre):
If you pick Toronto (Ontario), take $1.00 - 0.057 (the GST amount) gives you $0.943. Now, add 6% (the old GST rate) and you're right back to an even buck.
So, bottom line is we Canadians get taxed on our taxes! We pay income tax before we even get our pay cheque, then we buy gas and pay GST on
Excise taxes.
Not only our pay cheques get tax everytime and when comes tax time in April you get to pay your taxes again depending on how much you make. God knows on the fuel business takes very little to make the price jump, and it takes forever to make the price fall that is just reality.
For the pass couple years the Canadian economy has been doing very well but can you say that your salary has increased? Are you living a better life? Are you getting wealthier?
2006 Black G6 Sedan , Mobil 1, Custom license Frame Plate, Solar Gard Flim 20% Tint ,Vision Bulbs 6000k HID
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