A recent official inquiry into high gas prices found that at least 13 cents per litre of the higher gas prices at the pump over the past couple years “cannot be explained by economic theory or justified by known factors in the market.” This is a polite way of saying that price-gouging by oil companies has been rampant, costing BC drivers millions.
Canada’s Maritime provinces all regulate the maximum price of gasoline at the pump. April gas prices (excluding taxes) in Halifax are about 30 cents per litre cheaper than in Vancouver.
It’s time for BC to put an end to price gouging by Big Oil — and boost investment in public transit so it’s easier to get around without relying on cars or fossil fuels.
You can read the full story on our blog here: policynote.ca/yep-its-gouging