(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.

Just Posted

Northern California man charged with aiding fugitive Brandon Teixeira

Sam Koh, 40, pleaded not guilty Wednesday to harbouring Teixeira

South Surrey couple donates $1M to hospital’s children’s centre campaign

Donation brings hospital foundation’s fundraising goal within $1 million

Prolific offender nabbed at Surrey SkyTrain after police say he skipped paying fare

Officers arrested Reginald Simon at Scott Road SkyTrain after discovering he had 11 outstanding warrants

The Surrey Hospice Society’s Toolbox thrift store reopens in Cloverdale

Before she fell ill, Janet Child revamped second-hand tool store

Cloverdale hospital could take pressure off Langley Memorial

Fraser Health says about 20 per cent of patients at LMH are from Surrey

VIDEO: Octopus, bald eagle battle after bird ‘bites off more than it can chew’ in B.C. waters

B.C. crew films fight between the two feisty animals in Quatsino off north Vancouver Island

Raptors fans show Kawhi the love in his return to Toronto

Leonard receives championship ring, leads new club to win

Process to identify those killed in Gabriola plane crash could take days

Canadian flight museum suggests Alex Bahlsen of Mill Bay died in Tuesday’s crash

Snowfall warning issued for Coquihalla Highway

Up to 25 cm of snow is expected to fall in the region by Thursday

‘Honest mistake:’ RCMP says B.C. cannabis shop can keep image of infamous Mountie

Sam Steele wearing military, not RCMP uniform in image depicted in Jimmy’s Cannabis window

B.C. conservation officers put down fawn blinded by pellet gun on Vancouver Island

Young deer found near construction site in Hammond Bay area in Nanaimo, B.C.

Laid-off forest workers converge on B.C. legislature

Loggers call for action on strike, provincial stumpage

B.C. guide fined $2K in first conviction under new federal whale protection laws

Scott Babcock found guilty of approaching a North Pacific humpback whale at less than 100 metres

Feds urge Air Canada to fix booking problems as travel season approaches

The airline introduced the new reservation system more than three weeks ago

Most Read

l -->