Gasoline prices are setting new records in Metro Vancouver. (Black Press Media)

John Horgan says spike in gasoline prices is profit-taking, not taxes

Premier denies Trans Mountain expansion would deliver more fuel

B.C. Premier John Horgan says his government is “monitoring” the soaring price of gasoline, after the “summer driving season” began months early with a big jump in gasoline prices around the province.

B.C.’s April 1 carbon tax increase accounts for only a penny of additional tax on gasoline, Horgan told reporters at his weekly news conference Thursday, describing the latest record gasoline price as profit-taking by petroleum companies.

“I look at the commodity price, it’s still pretty low for a barrel of crude oil, but yet if you go to the pump, you see these unreasonable costs,” Horgan said. “It’s not about governments gouging, it’s about gas companies gouging.”

Horgan also rejected a suggestion that his government’s court fight to stop the expansion of the Trans Mountain pipeline from the Edmonton area is pushing up gasoline and diesel prices. The original pipeline has alternated sending refined fuels and crude oil since it began operations in the mid-1950s, and B.C.’s Lower Mainland is also supplied with refined fuel by Washington state refineries, which take the majority of Trans Mountain’s crude volume.

“The challenge is we don’t have enough supply in the marketplace,” Horgan said. “And instead of purchasing a pipeline, as the federal government did, perhaps if they wanted to get into the oil business, they should have gone into refining.”

READ MORE: Metro Vancouver gasoline price hits all-time high

READ MORE: Want cheap gasoline? Smithers is lowest in B.C.

Prices have pushed past $1.60 per litre in Metro Vancouver, where the dedicated tax to fund TransLink buses and SkyTrain is up to 17 cents per litre on gasoline and diesel. In Greater Victoria, the transit tax is currently 5.5 cents per litre. An additional tax to fund the B.C. Transportation Financing Authority for transit in the rest of the province applies province-wide at 6.75 cents per litre.

After this week’s increase, carbon tax adds 8.89 cents to a litre of gasoline and 10.23 cents to a litre of diesel, which contains more carbon.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Janda Group revises old Aldergrove mall redevelopment plans

Aldergrove Town Centre is long overdue, residents say

Cloverdale-Langley City candidate attended event with blackface characters

The controversial “Black Peter” character has been a feature at Sinterklaas celebrations

Late hockey player to be remembered forever with jersey retirement

Jersey wall at the Aldergrove Credit Union Community Centre rink will honour Coleton Nelson

Mystery Langley lands needed for pipeline project left off records for years

The tiny slivers of land were lost due to some kind of error

VIDEO: World Lacrosse Men’s Indoor Championship begins in Langley

Opening ceremony marks start of fifth edition of the championship, which is held every four years.

VIDEO: Trudeau asks Canada to look to current, not past, actions on race

Liberal leader says he never spoke about the racist photo because he was embarrassed

B.C. Liberal leader says private sector development will help housing affordability

Andrew Wilkenson spoke in Kelowna during a real estate conference

Legislature gifts, clothing, travel need better control, B.C. auditor says

Audit follows suspensions of managers by Speaker Darryl Plecas

‘Really disturbing:’ Trudeau’s racist photos worry B.C. First Nation chief

Wet’suwet’en Chief concerned the photos will sow fear in Indigenous communities

Murder charges laid after body pulled from Fraser River ID’ed as missing man

Accused also face one count each of attempted murder in connection with Rudy Johnson Bridge incident

Unionized workers launch ‘open-ended strike’ at three Vancouver hotels

Workers at Hyatt Regency, Westin Bayshore and Pinnacle Harbourfront walked out

B.C. salmon farm inspection deal reached with Indigenous people

Monitoring to determine if any Broughton region farms stay open

Yearbook photo surfaces of Trudeau wearing ‘brownface’ costume in 2001

The report describes the occasion as an ‘Arabian Nights’-themed gala event

‘Troubling, insulting’: NDP Leader Jagmeet Singh reacts to Trudeau’s brownface photo

Jagmeet Singh, leader of the New Democrats, responded with a call for love after Trudeau photos surface

Most Read