The provincial Minister of Jobs, Trade and Technology has confirmed what BC consumers have known for a long time.
“People feel like they’re being ripped off when they fill up at the gas station. And they’re right,” said Bruce Ralston.
Ralston reported that the BC Utilities Commission found that the wholesale gasoline market is not truly competitive, which results in unexplained higher gas prices for consumers, and potentially higher profits for oil and gas companies.
“This means that British Columbians pay $490 million a year more than they otherwise would,” Ralston said.
He thanked the commission for its investigation.
“Our government is concerned with the allocation of refined gasoline flowing into B.C., as well as the lack of transparency around how the price of gas is set,” Ralston added.
