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    Saturday, September 03, 2005

    Bend over and fill 'er up...

    Stardate 4498.4

    The crunch of Hurricane Katrina is felt at the pumps in Canada already. Historically, the Labor Day long weekend is one of the biggest price hikes for gasoline as it is, but overnight, the cost at the pumps where I live went from 98.9 (already very high) to 110.9 cents a litre. That translates to roughly $4.15 a gallon. Can't complain much I suppose, as it is probably much higher in most other parts of the country.

    So now, I wonder if the government should implement some tax breaks on gasoline? After all, almost 50% of the price of gasoline at the pumps is taxes.

    This chart shows a breakdown in Canada of the gasoline price components, and where taxes etc. all go. It is from 2003 I believe, but if anything, the numbers would only go up anyways. It is taken from the Canadian Automobile Association.

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