Yes, Carbon and Other Taxes Make Gas Ridiculously Expensive

 

.

By Stephen Frank,  California Political News and Views

Think gas is expensive in California today?  Wait till 1/1/2020 when cap and trade goes into effect the Sacramento starts the increase of 72 cents a gallon on gas.  At that point, you will see a mass exodus of middle class families from California, government transit, unreliable and incapable of serving the needs of the public, will be filled and late.  Commerce will grind to a halt, since truckers will be forced to raise prices, and the consumers will pay for cap and trade based on the new gas prices.

“The featured price of 161.9 means $1.619 (Canadian) for a liter of gasoline, which works out to about $6.13 per gallon (measured in U.S. gallons, not Imperial gallons), which is about $4.80 per gallon if we convert to U.S. dollars. In contrast, as of this writing the average U.S. price is about $2.80 per gallon.

Why are gas prices hitting record highs in Vancouver? Part of the explanation is the weak Canadian dollar, but another component is the tax bite: First there’s the $35 per ton carbon tax—which automatically increases by $5 per ton each year—that translates into 7.78 cents per liter. Then Metro Vancouver also levies a 17 cent per liter fuel tax (ostensibly for regional roads and transit). In combination with other provincial and federal taxes, the total tax bite works out to about 50 Canadian cents per liter, or about $1.50 (U.S.) per gallon.

Yup, in Canada they pay $1.50 USD in taxes for a gallon of gas.  In 2020, California will be doing the same.  Jerry Brown is getting his wish to depopulate the State.  Except for the rich and very poor, California will be an economic disaster.  Ready for the collapse.

Related article: Yes, Carbon and Other Taxes Make Gas Ridiculously Expensive


Stephen Frank: Is the the publisher and editor of the California Political News and Views.  Mr. Frank speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows and is a full time political consultant. http://capoliticalnews.com/

Get Citizensjournal.us Headlines free  SUBSCRIPTION. Keep us publishing – DONATE

Leave a Reply

Your email address will not be published. Required fields are marked *