The problem, McTeague insists, is fundamentally one of supply rather than higher consumer prices. Beginning with international factors, McTeague notes the North American fuel economy is largely based on industry output and consumer demand in the United States, where McTeague notes, “[g]asoline prices are reaching all-time highs in California [and] Oregon—all over the Pacific Northwest.”
With these states importing refined gas, fuel stations in B.C. are having to pay heavier prices to attract global suppliers. At this time last year, McTeague remembers the province was importing gas from as far away as Indonesia, Singapore, and the Netherlands.
According to McTeague, B.C. consumers use roughly 190,000 barrels of gas every day (bpd). Operating at capacity, Burnaby’s Parkland refinery produces only 55,000 bpd. McTeague says Western Canada’s three other oil refineries can meet British Columbians’ demand for gas, attributing the shortfall to a lack of political will and bad policy from B.C’s NDP-Green coalition government.