Gas prices spotted at a Maple Ridge gas station in April. (Black Press Media files)

Oil companies, 24-cent gap between B.C., Alberta to be focus of gas price probe

Premier John Horgan called the spike in gas prices ‘alarming’

Oil companies will have to explain their gas prices as part of an investigation into B.C.’s soaring costs at the pump, the province says.

In a Tuesday morning news release, the province said the probe will include “compelling oil companies as witnesses to explain their prices to the commission.”

Premier John Horgan had initially called for the investigation in a May 7 letter to the B.C. Utilities Commission.

In it, Horgan asked for the commission to find out why wholesale – and pre-tax – prices are 24 cents higher in Vancouver than they are in Edmonton.

Tuesday saw gas prices reach 171.9 cents for a regular grade litre in Metro Vancouver. GasBuddy reports Edmonton prices at just 114.5 cents a litre.

READ MORE: 50% of B.C. drivers struggling financially amid high gas prices, poll says

Historically, the letter said, wholesale prices have been 2.5 to four cents more expensive in Vancouver.

“British Columbians want to know why refining margins are so much higher than in other parts of the country,” Horgan wrote.

“In March 2019, refining margins for Vancouver were more than double the Canadian average.”

Tuesday’s release said the commission will investigate fluctuations in gas prices, possible price fixing and gouging, as well as details in retail and wholesale prices between Vancouver and other North American cities.

“The rapid increase in gas prices in B.C. is alarming, increasingly out of line with the rest of Canada, and people in B.C. deserve answers,” said Horgan.

“We asked the BCUC to conduct a fair, transparent and comprehensive independent investigation. These terms provide the broad reach it needs to find answers and give recommendations to inform the path forward.”

READ MORE: BC Hydro powering up for more electric vehicle charging demand

READ MORE: More gasoline, less bitumen in Trans Mountain pipeline, B.C. premier urges Trudeau


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Kootenay-Columbia incumbent MP responds to Trudeau brownface scandal

Stetski proud of NDP leader Singh’s reaction, which focused on people not power

Mystery illness killing Kootenay bees

Samples being sent to laboratories for analysis

UPDATED: Man pleads guilty in Baker Street death

Miles Halverson is guilty of manslaughter in the death of Matt Reeder

Latest round of Columbia River Treaty talks wrap up in Cranbrook

Federal, provincial, U.S. and Indigenous representatives recently met for eight round of discussions

First Nations given max compensation for Ottawa’s child-welfare discrimination

2016 ruling said feds didn’t give same funding for on-reserve kids as was given to off-reserve kids

VIDEO: Trudeau asks Canada to look to current, not past, actions on race

Liberal leader says he never spoke about the racist photo because he was embarrassed

Woman stabbed in downtown Nelson

Victim is in hospital, suspect is in police custody

Horvat paces Canucks to 6-1 pre-season win over Oilers

Vancouver improves to 3-1 in NHL exhibition action

Legislature gifts, clothing, travel need better control, B.C. auditor says

Audit follows suspensions of managers by Speaker Darryl Plecas

‘Really disturbing:’ Trudeau’s racist photos worry B.C. First Nation chief

Wet’suwet’en Chief concerned the photos will sow fear in Indigenous communities

‘Unacceptable’: What politicians have to say about Trudeau in blackface

Calgary Mayor Naheed Nenshi: ‘When I saw that picture last night, certainly it was a sucker-punch’

‘He’s trying to kill me’: Victoria police commandeer boats to reach screaming woman

No charges laid and civilians to be awarded honours after incident on Gorge Waterway

VIDEO: B.C. man accused of assaulting sex worker loses temper in interrogation

Defence lawyer says statements made by accused Curtis Sagmoen should be deemed inadmissible

John Horgan promises action after fatal mid-Island bus crash

Premier cites students, local Indigneous community as reason to repair the road

Most Read