A new website breaks down the cost of a litre of gas in B.C. cities, including Fort St. John.
The BC Utilities Commission has added more features to its data collection GasPricesBC.ca website. The site, created from the Fuel Price Transparency Act passed in 2018, provides information required from companies on how fuel prices are set in the province.
Generic pricing data has now been expanded to include information pertaining to select cities across the province based on the volume of public feedback.
These include pricing breakdowns for Fort St. John, and includes the crude price, refining and retail margins, as well as the taxes motorists pay for a lite of both regular gas and diesel.
Since 2016, crude prices have dropped by five cents to 27 cents per litre while refining margins have increased by five cents to 32 cents.
Retail margins have dropped by 60% over the same time period, from 20 cents to 8 cents per litre. Taxes have held steady and averaged 38 cents.
That’s based on an average pump price this year of 106 cents/litre, and prices have dropped just over 20% from 137 cents/litre in 2018.
The dashboard also includes a weekly price view, a fuel price comparison, and average prices by city.
Refining and retail margins increase the further gasoline is shipped to market; up the Alaska Highway in Whitehorse, for example, refining margins are around 40 cents per litre, while retailer margins have held above 25 cents since 2016.
Motorists pay less tax on their gas in Edmonton and Whitehorse than they do in Fort St. John and Prince George.
The BCUC is responsible for collecting, and publishing data recorded on the new site. Prices are adjusted weekly.
Data will be collected until Sept. 30, and updated regularly.
Email Managing Editor Matt Preprost at firstname.lastname@example.org.