A new report in to BC’s soaring gas prices cannot explain why the province pays so much more than the rest of the country.
Even after accounting for increases in expenses such as land costs and credit card fees, 1.4 cents per litre of retail margins is still left unexplained.
Conducted by Vancouver-based consulting firm, Deetken Group, the report was posted by the BC Utilities Commission last night.
During their report, they found differences between wholesale and retail gas prices correlate well with tax and land values.
But, that doesn’t explain why the wholesale cost is so much greater for BC cities than anywhere else in the country.
While they play a role, even estimated at their highest limits, transportation and regulatory costs cannot account for the difference.
There was a differential of about 5 cents per litre between Vancouver and Edmonton this year, according to the report.
