The B.C. Utilities Commission (BCUC) is expected to deliver a report on Friday looking at why gas and diesel prices in the province fluctuate so much in comparison to the rest of the country.
Premier John Horgan ordered the inquiry in May when prices at the pump reached a record-breaking $1.70 a litre, saying gas and diesel price increases were “alarming, increasingly out of line with the rest of Canada, and people in B.C. deserve answers.”
At the time, Horgan said British Columbias — particularly those in Metro Vancouver and on Vancouver Island — were used to higher gas prices compared to other provinces but not to the extent seen this spring.
Much of the public exasperation about gas prices has been funneled in the premier’s direction.
The commission was asked to look at the difference in refining and retail margins, and the factors that contribute to price fluctuations.
The panel says it also explored mechanisms that the province might use to moderate price fluctuations and increases.
David Morton, chair and CEO the Utilities Commission, is set to present the key findings in Vancouver at 11 a.m.
With files from CBC and Canadian Press
CHEK News
