(Black press file photo)

50% of B.C. drivers struggling financially amid high gas prices: poll

This summer is shaping up to be a long and painful one at the gas pumps

This summer is shaping up to be a long and painful one at the gas pumps.

B.C. currently has the highest gas prices in North America. An Angus Reid poll released Friday found that nine-in-ten drivers in B.C. have noticed a major increase in gas prices, and 59 per cent feel the provincial government isn’t doing enough to address the issue.

GAS PRICES 101: Where B.C. drivers’ pretty pennies are going at the pump

Most importantly, 50 per cent of B.C. drivers say rising gas prices are making it harder to afford basic necessities. One-in-three of those who have been affected by the rising prices say they have been driving less, and another quarter say they have been filling up less.

People are quick to point fingers in any direction to get to the heart of the issue. Some blame the carbon tax, while others blame oil companies for allegedly price gouging consumers for pure profit. The truth, according to a market snapshot released by the National Energy Board, is that there are multiple factors for B.C.’s high gas prices.

As per April 2019 statistics: in Vancouver, the price of crude oil is 51 cents per litre, 10 per cent below the national average. However, the cost of refining the crude oil in to gasoline is 52.1 cents per litre, roughly double the Canadian average refining margin.

The marketing margin for gasoline, the costs associated with selling it to consumers at the pump, is 10.5 cents per litre, approximately 69 percent higher than the Canadian average. Finally, taxes on gas were 53.9 cents per litre, approximately 21 percent higher than the Canadian average.

ALSO READ: Horgan heckled as gas prices sit at record high, could go up more

Another element of the issue is the Trans Mountain pipeline expansion. The pipeline currently provides B.C. with 28 thousand barrels a day of refined petroleum products. It also supplies the Parkland Refinery in Burnaby with around 50 thousand barrels a day of crude oil.

On average, B.C. consumed 96 thousand barrels a day of gasoline in 2018. To feed the demand for refined petroleum products, B.C. has to get it not only from local refineries and Alberta, but also by barge from the United States, which inflates the price at the pump.

Prices are expected to continue rising throughout the summer.

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Clover Valley Beer Festival cancelled

Cloverdale beer fest falls victim to COVID-19

After delay, ‘Metro Vancouver’s Largest Indoor Amusement Park’ set to open in Surrey

At Central City Fun Park, ‘things will be a little different than what we had originally planned’

COVID-19: Daily update on pandemic in Surrey, White Rock and beyond

JUNE 3: Threat of fines quashes South Surrey seniors’ daily workouts

As thrift store aims to reopen, Surrey Hospice Society struggles to raise funds

‘Right now I think people are suffering grief more than they ever have’

South Surrey seniors home ends outdoor class after complaints from neighbour

‘Everybody has a right, and they don’t have a right to infringe on us,’ a neighbour said

B.C. records four new COVID-19 cases, Abbotsford hospital outbreak cleared

Four senior home outbreaks also declared over, eight still active

Young killer whale untangles itself from trap line off Nanaimo shore

DFO marine mammal rescue unit was en route as whale broke free from prawn trap line

Racist incident shocks Vancouver Island First Nation

Port Alberni RCMP investigating after video shows truck wheeling through Tseshaht territory

Vancouver Island school principal mourns brother, cousin killed during U.S. protests

Jelks says he’s grateful for the outpouring of support from the community in the wake of this tragedy

Help the ‘Cloverdale Reporter’ continue its mission to provide trusted local news

Facing changes together: Your community, your journalists

Bank of Canada keeps key interest rate target on hold at 0.25%

Central bank now expects GDP to decline between 10 and 20 per cent compared with the fourth quarter of 2019

RCMP, coroner investigate murder-suicide on Salt Spring Island

Two dead, police say there is no risk to the public

B.C. schools see 30% of expected enrolment in schools as in-class teaching restarts amid pandemic

Education minister noted that in-class instruction remains optional

Trudeau avoids questions about anti-racism protesters dispersed for Trump photo-op

Prime minister says racism is an issue Canadians must tackle at home, too

Most Read