Carbon-tax fever is reaching a peak, as April 1 (when both the price and the rebate payments increase) approaches. So I'm re-posting my review of gasoline prices in calendar 2023. Key takeaway: the ups and downs of gasoline prices can't be ascribed to carbon pricing. /2 #cdnecon
Gasoline ended '23 5₵/litre lower than it began, despite a higher carbon price (worth about 3₵/l, offset by CAIP rebates). The ups & downs of oil prices are dominated by oil companies & futures markets, not carbon prices. The 2022 oil price surge added 40x more to gas prices./3
@JimboStanford Are you seriously saying taxes make goods LESS expensive?
@JimboStanford It's not about the price of gasoline. It's about the cumulative effects of the #CarbonTax throughout the supply chain. youtu.be/ykadfF1ORQI Hard to believe you don't understand that. #cdnpoli #ClimateChange
@JimboStanford Fuel costs $1.12 Canadian for unleaded just across an imaginary line we call the border.