@timbray gas taxes are per liter, not percentage of price.
The fossil-fuel biz may be hurting, but I bet gas stations are rolling in dough. My fill-up has *not* fallen by a factor of 2½.
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@timbray crude is not the only cost component. refining, transportation costs roughly the same as before.0 retweets 0 likes -
@timbray well, *someone* has to pay for those falling profits, right? And it's easiest to burden those who can't organize to counteract.0 retweets 0 likes -
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@timbray Same in the UK I just don't get why market dynamics doesn't work properly with oil. Is the wholesale price still high?0 retweets 0 likes -
@timbray Over 42¢/L of that is taxes that don't go down when the price does. Vancouver is the highest in Canada: https://en.wikipedia.org/wiki/Motor_fuel_taxes_in_Canada …0 retweets 0 likes -
@timbray most gas stations are franchisee-owned; most of their profits come from selling food, drinks, tobacco, and lottery tickets.0 retweets 0 likes
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Tim Bray
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