Maybe the BC ndp government, and Horgan should take a long hard look in the mirror long before pointing fingers at the oil and gas companies that have very little effect on the price of fuels, and start pointing fingers at themselves and the federal liberals for the taxes which are the main reason for the increased price of fuel.
They can bitch and moan all they want about the lack of no other infrastructure in place for the province to obtain gasoline, because it does not have the rail, port or pipeline capacity in place to get large shipments of gasoline from the United States or elsewhere. This is of their own making, pay up, shut up, or get out of the way of progress to build pipelines and infrastructure which would ease constraints on shipping both unrefined and refined goods.
“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,” Horgan said in a statement.
The commission, which is independent of government, will have the power to call oil companies to testify to explain their prices and profit margins. Those companies have been largely silent on the big jump in gasoline prices in B.C., and rarely comment publicly on their role in setting prices.
Most major oil and gas companies contacted by Postmedia on Tuesday did not return requests for comment.
The utilities commission’s terms of reference for its inquiry include examining market factors that affect gas prices in B.C., investigating whether price fixing and gouging are behind sudden gas price fluctuations, explaining the difference between the refining and retail margins in B.C. and those in the rest of Canada, and reviewing how other governments have handled the issue.
by Trent Wallace
For more on this story check here: https://vancouversun.com/news/local-news/regulator-investigating-high-gas-prices-in-b-c-has-power-to-examine-gouging?fbclid=IwAR3mMy2hX8Bc46Erslg39w4wBd23UfJeQSfCvtPf03IdwMEDCMTihAhewQo