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Tight supply
- Analysts say the historically high prices were due to tight supply as a major pipeline and a refinery on the West Coast underwent maintenance. Now that those facilities are back online, prices are decreasing.
bc.ctvnews.ca/metro-vancouver-drivers-expected-to-see-historic-price-drop-at-the-pumps-1.6105690
People also ask
Why did gas prices drop 35 cents a litre in Vancouver?
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What happened to gas prices in Vancouver 2022?
Why are BC gas prices so high?
Oct 13, 2022 · Gas prices dropped 35 cents/litre, or more, across Metro Vancouver on Thursday, delivering much-needed relief for drivers beset by record-high gas prices since late September.
Jun 21, 2021 · Drivers of gas-powered vehicles were stuck paying nearly $1.64 a litre in parts of Metro Vancouver on Monday, and analysts expect to see more pain at the pumps over the summer.
Apr 30, 2024 · Vancouver, BC Average Retail Price for Regular Unleaded Gasoline at Self Service Filling Stations is at a current level of 1.775, down from 1.819 last month and down from 2.069 one year ago. This is a change of -2.42% from last month and -14.21% from one year ago.
DateValueAugust 31, 20241.775July 31, 20241.819June 30, 20241.847May 31, 20241.999- Not A Competitive Market
- Pipeline Woes
- The Politics of Gas Prices
- The Fight to Keep Gas Pricing Secret
- Gas Companies as The Easy Villains
First, a crash course in BC’s oil and gas sector. It’s not a truly competitive market. A small number of companies own most of the supply and retail outlets, which makes it what’s called an oligopoly. That’s why all the gas stations seem to magically raise their prices to the same rate, at the same time, while you find yourself racing across town t...
One major reason BC’s prices are so high is that the province doesn’t refine enough gasoline here to meet its needs, meaning the companies import it from our American and Albertan neighbours, who profit nicely off our dependence. BC has two refineries, a small one in the north and a larger Parkland Refinery in Burnaby. Neither come anywhere close t...
That’s why gasoline pricing is wrapped up in a political conundrum for the governing NDP. Horgan has proceeded very carefully on the gasoline file. He’s expressed just enough outrage to be populist, just enough opposition to pipelines to be environmental, and just enough wilful political blindness to avoid getting to the root of the problem and ups...
Which brings us back to 2021. The gas law forced the BC Utilities Commission to start a website called: GasPricesBC.ca This was supposed to be the clearinghouse for all the secret data the gas companies didn’t want you to see, starting last year. But like vampires, they recoiled from the sunlight. The first to go on the offensive was Parkland, whic...
The BC government, which remains balanced on a political knife’s-edge between angry drivers and angry urban environmentalists, is actually quite pleased that the gas companies challenged the release of the data. It gives the public an easy villain to attack, instead of demanding politicians make difficult choices about gas imports and pipelines tha...
- Rob Shaw
Dec 1, 2021 · B.C. motorists seeing signs that display 0.00 to signal when a gasoline station has run out for the day might be wondering why prices have been so stable in this time of tight fuel supply.
After a month of wondering why is gas so expensive in Vancouver, drivers will be getting a big break. Gas prices in Metro Vancouver are forecast to tumble about 20 cents per litre this week, providing relief to drivers who’ve been shelling out more than $2 per litre for weeks now.
Oct 12, 2022 · B.C. can expect a significant decline in gas prices over the next few days, giving residents a reprieve from historic highs over the last several weeks.
