Who sets gas prices?

With gas prices shooting up this week, it may make you wonder, who is responsible?

Well if you guessed the government, you're wrong. In fact, the government has very little control over fuel prices. The government can only impact prices by introducing legislation.

The prices fluctuate based on supply and demand.

Every week the Public Utilities Board will change the prices of fuels in the province.

The price of gasoline is made up of taxes, distribution, marketing, refining cost, and crude oil prices.