You Think Canadian Gasoline Prices Are High?

Well, actually they are compared to what we’re used to paying, but compared to the rest of the world our gasoline is a bargain. And the reason isn’t that gasoline by itself is so expensive, it’s the taxes other countries put on gasoline. In fact throughout Europe, gasoline prices including tax are more than double the prices excluding tax.

On May 2, prices for gasoline excluding taxes ranged from a low of $0.95 per litre in the U.S. to a high of $1.02 in Italy. Taxes in the U.S. and Canada were $0.10 per litre and $0.39 per litre respectively, while taxes in Europe ranges from $0.88 in the U.K. to $1.40 in the Netherlands.