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While a lot goes into the price that drivers pay at the pumps, the main culprit in B.C. right now is a shutdown of one of the region's main refineries, reducing the supply of gasoline. But demand for drivers has held steady, which has jacked up the price of what's available.
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So, should we talk about the increasing bottleneck in gasoline refining capability that has been dogging us for decades, or just ignore it some more? The refine where you mine movement died a quiet death.
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He also singles out another reason for gas price spikes: the supply of ethanol. Many U.S. states and provinces require that retail gasoline be mixed with anywhere between five and 15 per cent ethanol, the supply of which declined by seven per cent last week. "If that were to keep up the blending components are going up, as well," he said.
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Ethanol doesn't move your car. It's there as a component to reduce greenhouse gas emission. In many older cars it's bad for the engine. It's also why a full tank of gas doesn't get you as far as it once did. As cars become more climate friendly, is this even necessary?
https://www.cbc.ca/news/business/gas-prices-1.6601918