Automotive

The price of gas in Vancouver is inexplicable

  • Last Updated:
  • Apr 26th, 2019 5:45 pm
[OP]
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Jul 3, 2017
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The price of gas in Vancouver is inexplicable

So driving home this Sunday evening, the news radio station is announcing that gas hit a record price of 170.9 per litre in parts of metro Vancouver today, highest price ever in any major city of North America. But all the gas stations I'm passing are showing 143.9. Apparently a price war just broke out, and nobody bothered to call the radio station and tell them. The gas stations don't seem to have any idea why - apparently they were just told to reduce prices by headquarters. I suppose it will jump back up tomorrow morning. But it certainly doesn't make it easier to justify those regular prices.

Oh well, if you live around Vancouver, you might want to check Gas Buddy and drop by your local gas station ASAP.
188 replies
Deal Addict
Nov 12, 2006
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For the ones close to the border and with Nexus, it is worth while to just head to Bellingham WA for gas. It is about US$3.20/gallon. At the same time, pick up some groceries.
As for Vancouver gas, go ahead and keep raising it as more and more Lower Mainland residents will head south with their jerry cans. Local greedy gas companies can keep its gas.
Deal Addict
Oct 13, 2006
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Burnaby
Usually in the evening after 7pm it goes back down, Sat/Sun usually cheaper before prices are set Mon morning. Margins are higher during the day, more "demand" I guess.
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Jul 25, 2015
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Stop voting for people against pipelines.
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Aug 12, 2007
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Sinasta wrote:
Apr 15th, 2019 3:01 am
Stop voting for people against pipelines.

that doesn't make sense. More OIl leaves the market, leads to higher prices even.

If Canada Bans Vertical Integration in the petroleum industry , Gas prices would fall flat. Thats the reason why Gas is expensive in Canada despite being a big oil producer.
Sr. Member
Dec 20, 2018
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Sinasta wrote:
Apr 15th, 2019 3:01 am
Stop voting for people against pipelines.
Lol? Is that seriously what the delusional think?

They think pipelines in Canada is to ship refined gasoline? How's shipping heavy crude to China going to lower domestic gas prices? Prices are high in western Canada because of refineries in US and their capacity

The oilsands is not usable and unwanted by North American refineries, there's no demand for it anywhere and has no relation to price at pumps. Totally different product
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StatsGuy wrote:
Apr 15th, 2019 6:19 am
Lol? Is that seriously what the delusional think?

They think pipelines in Canada is to ship refined gasoline? How's shipping heavy crude to China going to lower domestic gas prices? Prices are high in western Canada because of refineries in US and their capacity

The oilsands is not usable and unwanted by North American refineries, there's no demand for it anywhere and has no relation to price at pumps. Totally different product
BC used to have 7 refineries and now is down to only one in the lower mainland. (plus one in Prince George)
Could not get enough crude to keep them open so, they shut down
Life is short......Make sure you spend as much time as possible on the internet arguing with strangers about politics :). Anonymous
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Dec 20, 2018
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Pete_Coach wrote:
Apr 15th, 2019 7:01 am
BC used to have 7 refineries and now is down to only one in the lower mainland. (plus one in Prince George)
Could not get enough crude to keep them open so, they shut down
It's actually because of lack of demand with capacity from the states and can't refine the heavy oil from Canada anyways so shut down.

Again, refineries in North America (and around the world) don't refine heavy crude from our oil sands , with fracking in US now so plentiful, there's minimal demand for oilsands crude

People really are clueless and think all oil is the same when that's not reality, nobody wants our heavy crude especially when light sweet crude is so plentiful from the states and all the refineries are refining light crude and not heavy crude

Unfortunately for us, our reserves are for the low demand low grade heavy crude that nobody wants unless oil is well north of $100 barrel when it makes a bit more economical sense to refine that that low quality stuff we have

I mean for what you believe to be true and have logic, oner would ask how there was enough supply for 7 refineries before and just enough for one now when the pipeline capacity is same

Reason is US fracking and much better quality oil is available and more economical than our heavy crude
Deal Addict
Nov 10, 2018
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The left wing morons in BC deserve all of the pain they self inflicted.
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Feb 8, 2017
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StatsGuy wrote:
Apr 15th, 2019 7:16 am
Again, refineries in North America (and around the world) don't refine heavy crude from our oil sands , with fracking in US now so plentiful, there's minimal demand for oilsands crude

People really are clueless and think all oil is the same when that's not reality, nobody wants our heavy crude especially when light sweet crude is so plentiful from the states and all the refineries are refining light crude and not heavy crude

Unfortunately for us, our reserves are for the low demand low grade heavy crude that nobody wants unless oil is well north of $100 barrel when it makes a bit more economical sense to refine that that low quality stuff we have

I mean for what you believe to be true and have logic, oner would ask how there was enough supply for 7 refineries before and just enough for one now when the pipeline capacity is same

Reason is US fracking and much better quality oil is available and more economical than our heavy crude
are you sure about that? sure, lighter oil may be "better" from a refining standpoint but there are still many refineries in the US that are set up to refine heavy crude - like our oil sands. with the issues in venezuela where do you think those refineries are getting their oil from?? they would take more but pipeline constraints are capping supply. why do you think there is such an increase in crude by rail shipments?

anyway, not really on topic of BC prices. i'm not an expert but i'm sure the liberal/ndp/green policies have a lot do to with the high price of gas there
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angryaudifanatic wrote:
Apr 15th, 2019 7:23 am
The left wing morons in BC deserve all of the pain they self inflicted.
Not all folks in BC are paying these high prices. Vancouver city is where it is very high because of the additional municipal tax on gas. There is a 17 cent per liter tax for Vancouver public transit. https://vancouversun.com/news/local-new ... ys-premier

Also, the pipeline does carry refined oil, contrary to popular belief that it is just tar sands heavy crude.
"Up to 60 per cent of the fossil fuels burned in Vancouver start life in an Edmonton refinery. From there, they’re loaded into the Trans Mountain pipeline and shipped west. "
https://nationalpost.com/news/canada/wh ... gas-prices
Life is short......Make sure you spend as much time as possible on the internet arguing with strangers about politics :). Anonymous
[OP]
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Jul 3, 2017
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Still at 143.9 all over Richmond early this morning, most of Vancouver showing 159.9. Still better than 170.9 !

The local news radio station still hasn't noticed, with their "Gas Tracker" segment still telling people that it's 169.9 around Vancouver. I guess they don't have any staff working Sunday night, just continue to repeat yesterday's numbers as if they were based on current information.

Both the provincial and municipal governments here impose the highest gas taxes in North America. While the rest of the country whines about carbon taxes, we've had them for ages here. At these price levels (temporary gas price war aside), it's definitely affecting the local economy and people's everyday lives. But both governments are addicted to those taxes, and have already made it clear that they won't provide any relief. And they won't unless it becomes an election issue. Oh well, I always figure that gas taxes are at least one tax you can do something about: buy less gas. Get a more economical vehicle, buy electric, take transit or carpool, fill up across the border - whatever.

I just hope we don't get a repeat of what happened last time gas prices spiked up: there was a wave of gas thieves drilling holes in people's gas tanks to drain the gas, resulting in multi-thousand dollar bills to replace the gas tank. Face Screaming In Fear
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Pete_Coach wrote:
Apr 15th, 2019 7:01 am
BC used to have 7 refineries and now is down to only one in the lower mainland. (plus one in Prince George)
Could not get enough crude to keep them open so, they shut down
has nothing to do with not able to get crude, More to do with collaboration( Collusion) in the oil industry in Canada to keep prices high, Not even anything to do with not enough demand, Since a lot of gasoline is imported from the US Yet in Canada refineries keep shutting down.

https://www.cbc.ca/news/canada/ottawa/o ... -1.1178894

https://www.cbc.ca/news/canada/thunder- ... -1.4953838


Ottawa people find reason to blame everything but the real root cause of issue which the gas/oil companies in Canada. When Crude was at $120 they blamed they high gas prices , then it came down to $60 no one from Ottawa /Alberta said "hey crude is half of what it used to be , shouldn't the gas prices come lower" and why is the refineries still shutting down at these lower crude prices?"

Today Gas prices are higher that what they were at $120 barrel.

Ban Vertical integration in Oil sector and see what happens to gas prices. Separate refining ,distributers and retail operators that will be the end of high gas prices.
Last edited by Supahhh on Apr 15th, 2019 12:19 pm, edited 7 times in total.
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Supahhh wrote:
Apr 15th, 2019 12:04 pm
has nothing to do with not able to get crude, More to do with collaboration( Collusion) in the oil industry in Canada to keep prices high, Not even anything to do with not enough demand, Since a lot of gasoline is imported from the US Yet in Canada refineries keep shutting down.
OK, keep the conspiracy theory alive :facepalm:
Life is short......Make sure you spend as much time as possible on the internet arguing with strangers about politics :). Anonymous

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