ITH Poker Forum

[loyo1]

Surfing around a bit this morning (not watching TV news) it's looking like a very bad day for the stock market.

The stock market is not an area of expertise for me, but I'm anxious to get to work today and chat with my immediate supervisor, as his wife works at Smith Barney. Pretty sure he'll have somthing to say about all this.

Gas prices over $3, pushing to $4 in some places, dollar hardly worth the paper it's printed on, and a simple trip to the grocery store is becoming almost painful. Now this. Ugh.

[Wenona]

You don't realise that the US has very cheap petrol compared to a lot of other places.

An average price in Sydney today would be about $1.38/litre or $5.20 a gallon. At the current exchange rate that's around US$4.85 per gallon.

[the_hawk]

You don't realise that the US has very cheap petrol compared to a lot of other places.

I'll say. At average current UK prices and exchange rates, a US gallon of petrol costs roughly $8.25.

[darvon]

Can you tell me how much you pay for a KWH of electricity?

[San]

Jees, how many more of these days can there possibly be?

Time to go long....

[janeg]

We're paying $1.07/litre so about $4.00/US Gallon at today's exchange rate. Cheaper than alot of places but annoying when you consider the amount of gas Canada produces.

Electricity is running at $0.10/KWH

[CroMagnon]

What part of the per gallon price is for taxes? Here in WA state we pay about 32 cents and the average price at the pump is $3.50. Would be interesting to compare the after tax price per gallon.

Cro

[janeg]

We pay about 15.8% in Federal taxes and 14.7% for Provincial taxes so 30.5% of the price is taxes; that's for Toronto.

Prices vary within the province (believe Northern Ontario prices are higher) and across the provinces; prices are probably lower in Alberta, more in the Maritimes.

[the_hawk]

Can you tell me how much you pay for a KWH of electricity?

Varies quite a bit with supplier and rate, but the equivalent of 10 cents (US) at night and 35 cents during the day are ballpark figures.

What part of the per gallon price is for taxes?

In the UK, roughly two-thirds is tax of one form or another.

[toom]

What part of the per gallon price is for taxes? Here in WA state we pay about 32 cents and the average price at the pump is $3.50. Would be interesting to compare the after tax price per gallon.

Cro

It's not just the gas taxes and sales taxes, either.

It's the part that we don't see...corporate income taxes. The oil driller, the refiner, the tanker, the pipeline, the wholesaler, and the retailer...all of those embedded taxes are being paid by someone...guess who.

[therivierakid]

On a brighter note... it's not actually St Patrick's Day!

[CroMagnon]

That's true toom, and I suppose that each country has a few different corporate taxes on the production of gas that would be hard to weed out. I was just looking for the ballpark cost of gas. You often hear how we (US) have cheap gas, but when you take out the obvious taxes the price is fairly even around the globe.

Cro

[Wenona]

In Brisbane Australia, I pay 13.88 cents or around 13 cents per kWh for electricity.

Sounds like that's well over the US as well.

Our use is restricted but we also pay $1.19 or around US$1.105 per kL (264 gallons) for every drop of water we use.

Our target quota for water use at the moment is 140 litres (approx 37 gallons) of water per person per day.

[nsidestrate]

What part of the per gallon price is for taxes? Here in WA state we pay about 32 cents and the average price at the pump is $3.50. Would be interesting to compare the after tax price per gallon.

Cro

It's not just the gas taxes and sales taxes, either.

It's the part that we don't see...corporate income taxes. The oil driller, the refiner, the tanker, the pipeline, the wholesaler, and the retailer...all of those embedded taxes are being paid by someone...guess who.

There is also the record-breaking profits being earned by companies in the oil business:

Exxon $86 billion
Total $74 billion
BP $60 billion
Chevron $58 billion
Shell $55 billion
Conoco $39 billion

[toffeeboy]

But they have to turn a buck nside for providing us with the old black pollutant.

As an aside, I saw a table the other day listing the carbon tonnes per person produced by countries. Although China is the biggest polluter as a nation, per person the US and Canada are way above everyone else in terms of global warming. And I thought Canadians were more responsible than you "live for today" yanks