I know consumers are really concerned about the price of gasoline, and they want to know what goes into the price they pay for gasoline. My understanding is that there are four components. It's the cost to locate and get crude oil out of the ground, which I believe takes a lot of energy; the cost to change the crude oil into gasoline, the refining margin; the cost to operate the local station, the transportation charges; and the taxes of the provincial, federal, and municipal governments.
In your opinion, what would a carbon tax do to the price of gas? If we put a tax on carbon, would people want to keep the price of gasoline down?