OTTAWA – A new poll suggests nearly half of Canadians are living paycheque to paycheque as the cost of living crisis continues to squeeze household budgets, and young people are more likely to s...
The price jump has nothing to do with the carbon tax. The carbon tax is $0.14 per litre, so it’s only about 10% of the price of gas. That means it can only be blamed for 10% of the price-jump at an absolute upper limit, and that’s only if your diet consists of chugging gasoline (hey, I don’t judge).
If prices were only up 10% since last year I’d be goddamned ecstatic.
It’s not. It’s supply-chains, shockwaves from covid-shutdowns, pandemic-spending, a massive war in Asia between the world’s biggest gas and grain providers, and anti-globalist on-shoring driving up prices. The last one of those isn’t necessarily a bad thing, but it has a cost just like carbon pricing has a cost.
Okay yes, at the pumps it may be, but what I’m saying is:
Company 1 increases their prices 10% to offset the CT costs.
Company 2 takes that 10% cost increase + their 10% increase and raises their pricing.
Company 3 has an increase from Company 2 + 10% increase of their own and raises their prices accordingly.
Every level raises the prices that much more and in the end the consumers get stuck with all of that. So we’re paying the carbon tax for each company down the supply chain.
That would only make sense if 100% of company 1’s costs were gasoline. Also, the carbon tax has been going up every year since it first appeared in 2019. The price spike started last year. And the same price spikes are happening in every country, and most countries don’t have carbon taxes.
The price jump has nothing to do with the carbon tax. The carbon tax is $0.14 per litre, so it’s only about 10% of the price of gas. That means it can only be blamed for 10% of the price-jump at an absolute upper limit, and that’s only if your diet consists of chugging gasoline (hey, I don’t judge).
If prices were only up 10% since last year I’d be goddamned ecstatic.
It’s not. It’s supply-chains, shockwaves from covid-shutdowns, pandemic-spending, a massive war in Asia between the world’s biggest gas and grain providers, and anti-globalist on-shoring driving up prices. The last one of those isn’t necessarily a bad thing, but it has a cost just like carbon pricing has a cost.
Okay yes, at the pumps it may be, but what I’m saying is: Company 1 increases their prices 10% to offset the CT costs. Company 2 takes that 10% cost increase + their 10% increase and raises their pricing. Company 3 has an increase from Company 2 + 10% increase of their own and raises their prices accordingly.
Every level raises the prices that much more and in the end the consumers get stuck with all of that. So we’re paying the carbon tax for each company down the supply chain.
That would only make sense if 100% of company 1’s costs were gasoline. Also, the carbon tax has been going up every year since it first appeared in 2019. The price spike started last year. And the same price spikes are happening in every country, and most countries don’t have carbon taxes.