I've started reading through some of the submissions that are already available on the BCUC website.
In particular, this stood out to me from Parkland:
Parkland Fuel Corporation (“Parkland”) has had issues accessing light crude by virtue of constraints on TMPL, and has, at times, resorted to higher cost options to maximize refinery utilization. However, Parkland’s challenges in this regard are not a key determinant of wholesale prices and refining margins in BC. Wholesale prices in BC (as with any functioning market) are determined by the marginal supply cost, and Parkland’s Burnaby Refinery is not the marginal source of supply (it is infra-marginal). Parkland can only charge a competitive price, and must absorb any costs associated with crude supply challenges.
If I'm reading this correctly, Parkland is saying that capacity constraints on the pipeline are not impacting gasoline pricing. They are "absorbing" the difference in cost to acquire higher-priced fuels from other sources.
The argument that the pipeline will help reduce gas prices in BC was just disproven by the province's largest refinery.
Edited by vortoozo, 23 August 2019 - 12:26 PM.