2164 replies to this topic

[DustMagnet]

Can't we just lay a pipeline from Chemainus down to Victoria?  Surely that could run through the watershed without issue.

[sebberry]

https://www.cbc.ca/n...swers-1.5265199

 

As gas prices surge ahead of the long weekend, the B.C. Utilities Commission (BCUC) is finishing up its investigation into why gas and diesel prices in the province fluctuate so much in comparison to the rest of the country.

The commission is expected to deliver answers on Friday.

 

Gas prices had risen to $1.52 a litre in Vancouver by daybreak, seeing the customary jump ahead of Labour Day weekend.

[...]

[Mike K.]

The BC Taxpayer’s Federation meanwhile staged a protest with a bunch of mirrors pointed at the premier.

[Sparky]

I just paid $1.419 at the punch up Shell station. You would think that I should have seen coming.

[Mike K.]

The B.C. Utilities Commission (BCUC) has found that the gasoline market in the province is not truly competitive and that there's a "significant unexplained difference" of about 13 cents per litre in gas prices between southern B.C. and other parts of the Pacific Northwest.

 

The findings of the public inquiry into gas and diesel prices were announced Friday morning, just as gas prices surge ahead of the Labour Day long weekend. Prices at the pump were hitting $1.52 per litre of regular in Vancouver at daybreak. - https://www.cbc.ca/n...eport-1.5266014

 

[Nparker]

And the province is going to do what about the "unexplained difference" exactly?

[Mike K.]

They've set aside 30 days for comment. Likely to be reminded that their own taxes are to blame.

[VIResident]

And the province is going to do what about the "unexplained difference" exactly?

Unexplained?  Gah! The NDP think we are stupid.  What a waste of effort and tax dollars on this study - so fed up with this gov.

(The difference is the taxes! as the public has pointed to all along)

[Mike K.]

Adam Stirling spelled it out today. The government required the inquiry to only investigate the producer, but not provincial government impact on the producer/supply chain. So the mysterious uptick in cost can only be one thing, and that’s bureaucracy.

That unseen bureaucracy (for lack of a better term) costs taxpayers $490 million per year.

[vortoozo]

They've set aside 30 days for comment. Likely to be reminded that their own taxes are to blame.

 

Taxes are explained. We know that gas is higher here than the US, and that some of that is explained by taxes. It's an extra 13 cents on top of the taxes, additional transportation costs, normal margins, etc. that are being called out here. Basically an extra 13 cent margin per litre over and above the other stuff. The report did recommend looking into price regulation. Who knows if we'll ever see that.

[rjag]

Taxes are explained. We know that gas is higher here than the US, and that some of that is explained by taxes. It's an extra 13 cents on top of the taxes, additional transportation costs, normal margins, etc. that are being called out here. Basically an extra 13 cent margin per litre over and above the other stuff. The report did recommend looking into price regulation. Who knows if we'll ever see that.

 

Isnt that $.13 part of the cost of Ethanol ie the clean fuel standard that makes it impossible for us to simply import the same gas as Seattle uses?

[Mike K.]

That 13 cents is a mystery. When I said taxes, I meant the added cost of simply doing business in this province. $490 million is spent by hard working British Columbians for reasons the province can’t explain in its inquiry of why gas prices are the highest on the continent.

[LJ]

Isnt that $.13 part of the cost of Ethanol ie the clean fuel standard that makes it impossible for us to simply import the same gas as Seattle uses?

They use up to 10% ethanol in the US as well.

[Mike K.]

89.7 rack through today carried over from Aug 31.

I would imagine it’ll start dropping with demand settling back into normal patterns next week.

[Mike K.]

87.7 rack today, 2 cent drop.

[FogPub]

Yet still 141.9 at the pump.  When the rack went up a week (or two?) back the pump price followed immediately; it'll be interesting to see how long it takes for the pump price to drop assuming the lower rack holds for longer than a day or two.

[Mike K.]

89.5 this morning. So we can expect the prices to remain more or less where they are through the weekend, it looks like.

[rjag]

https://www.jwnenerg...sil-fuel-truth/

 

Gasoline inquiry challenges Lotusland’s cultural aversion to fossil-fuel truth

 

[DavidC]

Tuesday’s Costco Langford gas purchase $1.479 for premium.
Today’s fill-up at NW Edmonton Costco was $1.009 for same.
Quite the contrast.
Regular was listed at 85.9 cents.

[Mike K.]

93.4 rack today. An analyst was saying that winter blend gas is coming online now and its 4 cents cheaper to product, so the rise in the rack rates will be 4 cents lower than where it would have been two weeks ago.