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Dec 21, 2020 · Here are the six big gas price moments in 2020. COVID-19 DISRUPTS GAS PRICES. We saw gas prices being affected by the coronavirus as early as February, with prices fluctuating due to the uncertainty of COVID-19 in China. March saw the full impact of COVID-19.
Today's best 10 gas stations with the cheapest prices near you, in British Columbia. GasBuddy provides the most ways to save money on fuel.
- The Four Factors of Fuel Cost
- Why Is B.C.’s Gas More expensive?
- The Price of Politics and The Pandemic
- Fuel Forecasting
- Who’s Keeping Track?
Crude oil is the primary driver of cost and responsible for the vast amount of price increases. The second biggest contributor is taxes, followed by refining margin (the cost refineries charge wholesalers or marketers who then sell to retailers). Finally, there is the retail margin. “Of all the four factors, the smallest one is the retail margin,” ...
B.C. is unique in Canada, Muralidharan said, because the province is a net importer of gasoline and diesel, and mostly doesn’t import from other parts of the country. While some supply comes to B.C. via the Trans Mountain pipeline, and there are in-province refineries, most of the barrels come from the refineries in Washington state. That makes B.C...
“If you look at historical evidence, even before the war started, the refining margins were about five to seven cents higher than their normal average would be. Meaning that the demand for gasoline was really strong in the U.S.,” Muralidharan said. Usually winter months produce lower refining margins because there is less demand for gasoline. In ge...
In Muralidharan’s 20 years of forecasting, he’s learned the most difficult thing to predict is crude pricing. The second most difficult thing to predict is gasoline pricing. Drivers could see gas costs anywhere between 175 to 200 cents per litre, he said. There are several influences to take into account for projecting funds. Canada and the U.S. ha...
On March 17, the British Columbia Utilities Commission(BCUC), the independent regulatory body that administers the province’s Fuel Prices Transparency Act, announced it will be “conducting additional monitoring of retail and wholesale price margins to ensure that fuel companies are not taking advantage of current market conditions.” Those market co...
- Keili Bartlett
Mar 15, 2024 · With spring nearing, prices at the pump will soon rise. That’s the take from one gas expert, who says fuel prices could shoot up 10 cents a litre throughout B.C.’s Interior.
This website provides information about the factors that influence fuel prices in British Columbia (BC), as part of the Fuel Price Transparency Act (FPT Act). Based on your feedback, regular improvements and enhancements will be made to the website.
Jun 10, 2024 · -- For the second straight week, the nation’s average price of gasoline has decreased, falling 10.0 cents from a week ago to $3.40 per gallon today, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country.
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Sep 28, 2022 · Gas Wizard, an online price tracker, has predicted the price per litre of regular on B.C.'s South Coast could hit $2.33 on Thursday — making it the most expensive gas in Canada. Muralidharan and...
