Unregulated gas-price ‘gouging’ means huge profits at the expense of drivers in Vancouver, says economist

Werner Antweiler, a professor of economics at UBC, spoke to Star Vancouver about rising gas prices.

“It’s just a fact that B.C. is a peripheral market for the oil industry. We have limited refining capacity, and that means whenever there’s some reduction in supply, it will translate very quickly to much higher prices than elsewhere,” he said.