Vancouver expected to headline long Canadian summer of high gasoline prices

Fuel market analysts say average retail prices in Canada are within a penny or two of their year-ago levels, which were some of the highest on record for many markets.

Gasoline prices rise every spring due to factors including the higher cost of making summer gasoline -- which requires an extra four or five cents per litre for additives to prevent evaporation -- and supply interruptions as refineries shut down for routine maintenance, the analysts said. "Demand is really strong in the United States, it's OK in Canada, but the signals are really going to depend on geopolitics and on whether or not the world finds itself in a trade war. All bets are off in that circumstance," he said.

McTeague said the cost of an average litre of gasoline in Vancouver breaks down to about 52 cents per litre for the oil, 33 cents for the U.S. refinery, four cents in wholesaler markup, about 12 cents in retailer margins, 52.5 cents in federal, provincial and municipal carbon taxes and 10 to 15 cents per litre due to B.C.'s low carbon fuel standard regulations.

What high gasoline prices? Everywhere I go I see so many pick-up trucks on the road. Gas must be really cheap. Many use it to go grocery shopping.

JustinTrudeau BC the Worst GHGs in 🇨🇦 Recently discovered corrupt criminal real estate...Assisting with blocking pipelines for no other reasons except on the take from US lobbying groups...Lumber jobs recently in the news R being lost...Sorry but BC ers deserve their fate!!

That's good for them. Buy electric.

They deserve it!

'Just below' until the weekend hits, and then they'll jump.

Awe....that’s too bad...😉

TrudeauIsDone

Hopefully jkenney follows through and turns off the taps. It will take some good solid $$ pain for Vancouver ites on the Left coast to wake up from the soy latte liberal stupor they are currently stuck in. When they cant fuel cars with Unicorn farts maybe they will come around.

Gas is cheap. Everybody drives giant trucks and SUV’s really fast

This as nothing to do with the carbon tax. Fossil fuel companies are the ONLY responsible for this. They are trying to maximize their profit off a dying industry at the expense working people. CDNpoli bcpoli

We have been told that the carbon tax is to make people 'change' their habits. This is exactly what BC politicians wanted to sell. It is happening, deal with it - it is what you wanted.

They were warned. Good thing taps haven't been turned off!

They love their carbon tax.

The whole point of the Horgan/Trudeau 'climate plan' is to make prices so high people will no longer be able to afford to drive. - Mission Accomplished

I guess I will be staying at home and not driving much anymore prices getting too high for me.

A perfect storm of factors Ha! I believe you meant to say 'Greed''...Don't try to bullshit us CTV...

Thanks Justin

Good for them. Hope Quebec is a close second.

Better do an expensive study jjhorgan. It of course can’t be a supply and/or very high tax issue. Better spend a ton of money to find the culprit. Run along now...

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