Over the weekend, gas hit 164.9, an all-time Canadian record for a major urban area
This is a re-post of an article published in July, when Vancouver gas prices were breaking records with the then-exorbitant rate of $1.50 per litre. Over the weekend, Metro Vancouver gas prices hit an all-time record of $1.64, with no conceivable end in sight.
And the B.C. metropolis appears to be alone in paying through the nose for petroleum. In Montreal, prices are hovering around $1.30. In Toronto, prices are as low as $1.14. In Edmonton, the place of origin for much of Vancouver’s gasoline, it’s possible to fill up for $1.08. Below, a quick guide to how Vancouver wound up paying some of the highest gas prices in the hemisphere.There’s something in the oil industry called “refinery margin.” It’s a measure of the price difference between what a refinery sells and what it paid for raw materials. So, if a refinery buys $10 of oil and turns it into $12 of diesel, it has a refinery margin of 20 per cent.
We made a new map for our weekly, because people aren't angry enough. cc @TristinHopper pic.twitter.com/U6kcQTBW6e
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