BC government commission report on gas prices
The report was released yesterday. It says that after accounting for all known issues that would make prices higher in BC and in Vancouver specifically, including things like high land cost in Vancouver, limited sources of supply, transportation costs etc., there is a residual amount of 13 cents/litre that is "unexplained". The implication is that this amount is unjustified profiteering by suppliers.
https://www.cbc.ca/news/canada/british- ... -1.5266014
The report itself does not seem to be posted yet: https://www.bcuc.com/ApplicationView.as ... tionId=681
The government told the commission that they were not to investigate taxes, and the gas companies refused to discuss their profits with the commission (https://www.cbc.ca/news/canada/british- ... -1.5198330).
A breakdown of gas taxes in Vancouver (from https://www.cbc.ca/news/canada/british- ... -1.5103973):
"Here's a list of all the taxes you pay on a litre of gas in B.C.:
Provincial motor fuel tax (Metro Vancouver) — 1.75 cents
Provincial motor fuel tax (everywhere else in B.C.) — 7.75 cents.
B.C.'s carbon tax — 8.89 cents.
The B.C. Transportation Finance Authority tax — 6.75 cents.
TransLink tax (If you live in Metro Vancouver) — 17 cents, increasing to 18.5 cents on July 1.
Transit tax (If you live in Victoria) — 5.5 cents.
Federal excise tax — 10 cents.
Finally, pay the five per cent Goods and Services Tax on top of the total price.
When you add it all up, you're paying more than 60 cents a litre in tax if you live in Metro Vancouver."