Opinion: “It’s going to be a long summer,” Premier Horgan said about gas prices at the pump, lowering expectations that the self-styled “affordability” premier would provide relief any …
VICTORIA — John Horgan was in his rookie term as an NDP member of the B.C. legislature when he took a first stab at trying to do something about high gasoline prices.
The then-intolerable price being between 92 cents and $1.06 a litre, depending on grade and location. Even allowing for a dozen years of inflation, those were the days, what with today’s prices pushing $1.70 a litre. The Maritime provinces were already doing that, he noted. The goal being to even out those wild fluctuations, not permanently cap prices.
Indeed, as he went on to note, the NDP government of the 1990s had twice investigated gasoline prices and come up empty on that score. “The month of March, in Vancouver, $1.079, four-week average, unregulated. Montreal, $1.09 — oh, a bit higher — regulated. Halifax, $1.087 regulated — oh, a bit higher. Charlottetown, $1.083 regulated.At the time, Opposition MLA Horgan bristled at the suggestion his scheme wouldn’t work. Lately, he admits his critics back then pretty much got it right about the prospects for regulating gas prices via the utilities commission.
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