Gas prices have reached a new record in Metro Vancouver, marking the third week in a row of high costs at the pump.
On Friday morning, gas stations in and around Vancouver were selling has for 168.9 cents per litre. In Abbotsford, where gas prices don’t include a transit tax, gas was roughly 145.9 cents a litre.
GasBuddy.com petroleum analyst Dan McTeague had said on Twitter Thursday that prices from Prince George to Victoria could rise anywhere from five to 15 cents a litre overnight.
⚠️⛽️ Alert: #GasPrices COULD rise 5 to 15 cents a litre for #Edmonton #Calgary #Winnipeg #PrinceGeorge #Lethbridge #MedicineHat and #Victoria. Gas bars are currently selling at, or below cost in most of these cities
— Dan McTeague (@GasBuddyDan) April 11, 2019
The previous record was last week at 164.5 cents per litre.
McTeague has blamed the hike on the increase to B.C.’s carbon tax that came into effect on April 1, adding about a cent per litre, as well as two major fuel suppliers in Puget Sound undergoing maintenance. One of those refineries is expected to be up and running over the next few days.
That could lead to prices dipping slightly in the next 24-48 hours, but McTeague couldn’t say how long the price jump will last until there are further market indicators.
“After Easter we should start to see prices go back to normal,” he said.
– With files from the Victoria News