When I was in Vancouver on Aug. 8, the gas prices were $127.9/liter and that includes a 17 cents per liter transit tax.
Our gas prices in Vernon were $129.9/liter.
Theoretically, our gas prices should be approximately what Vancouver pays minus the 17 cents tax.
That would equal $112.9/litre!
Oil prices in June, 2015 were $60/barrel and now they are at a low of $43/barrel.
When oil prices rise, our gas prices rise.
The opposite is not often true – when oil prices fall, our gas prices do not fall accordingly.
Why is the North Okanagan being charged a higher price for gas than Vancouver?
Even in Quesnel, gas is $1.19/litre.
Check out www.gasbuddy.com and see for yourself that the North Okanagan is being ripped off.