(Nimpocub, I posted this before reading your post)
steve wrote:Dirtstrip, the way I calculate it, is about $.27 per liter ($1.03 a US gallon), that is in Ontario.
Here in South Dakota we are paying state and federal tax of 42.4 cents/gallon tax. The price at the pump is 3.85 leaving 3.43 for just the gas. I calculate your equivalent at 4.96 US. Subtracting taxes on your side leaves the gas portion for you at 3.93 US for .50/gallon higher price. Your tax is higher but so is the gas.
Transportation out of North Dakota in quantity is an issue and BP just applied for the license to ship Bakken light crude north to Canada presumably to east coast refineries that can handle it, then of course to be sold to the highest bidder regardless what either of us pay at the pump for the finished product of gasoline. Most of the refinery capacity available in the US is now set up for heavier crude to take the tar sand and mid-east oil.
http://www.reuters.com/article/2012/10/ ... N220121012 The Hyperion oil refinery group intending to build a new refinery here in South Dakota to process the canadian tar sand oil, as of Oct. 2, has let land purchase options expire on thousands of acres of land intended for the refinery. It is not clear if they will not proceed with building the heavy crude refinery, down size it, or change it to handle light crude of the Bakken. Since the Bakken oil needs a different refining process they may be rethinking the whole heavy crude project. Nobody knows what will happen now.
http://www.cbsnews.com/8301-505245_162- ... ns-expire/
