(File photo)

Lower Mainland gas prices could drop by eight cents by Friday

Analyst says under $1.30 per litre could be the new normal this winter

Are you starting to worry about how you’ll be able to afford the price of gas?

Don’t – GasBuddy.com analyst Dan McTeague believes prices at the pump will drop by up to eight cents this Friday.

Prices hit a high of 147.9 cents a litre in Metro Vancouver this week.

“It appears that the high prices are in fact having an impact as more supply is being made available,” McTeague said. “It looks like refiners are coming back online and dropping their prices in order to get more volume sold. Prices have nowhere to go but down.”

Prices are expected to drop by two cents by Wednesday, another five cents by Thursday, and possibly one more cent by Friday, McTeague said.

It’s not a momentary dip in prices, either.

“I think the new normal heading toward Christmas is going to be 1.25-1.30 for Metro Vancouver,” he said.

Prices in the Fraser Valley will continue to sit about 11 cents a litre below the average cost in Metro Vancouver because of the lack of gas taxes.


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Hope teens headed to BC Winter Games

Julius Brysch, 14, and Danielle Bacon, 13, are in Kamloops this weekend

UPDATE: 10-20 cm of snow expected Friday in Lower Mainland

Snowfall warning in effect from North Shore mountains out to Hope

Parents cross over painting job on 6 Ave. crosswalks

Crosswalks, not painted since September, are a safety concern for two parents

Yale First Nation project preserves elders’ memories and recipes

Community members are encouraged to share their traditional food recipes by Feb. 28

Greyhound cleared to end routes in northern B.C., Vancouver Island

Company says nine routes have dropped 30% in ridership in last five years

VIDEO: What you need to know today at the B.C. Games

All 19 events are underway across Kamloops, where five to 10 cm of snow is expected to fall

Heavy snow leads to school closures in Greater Vancouver

UBC remains open, but others have cancelled classes and exams

Sask. school shooter to be sentenced as adult

The man was just shy of his 18th birthday when he killed four people and injured seven others

Internet questions PM’s fashion choices in India

The Trudeaus’ eight-day visit has been dogged by various controversies since it began Feb. 17

Adopted potbelly pig killed and eaten on Vancouver Island

Animal had been adopted out from the SPCA in Duncan; staff are devastated by news

WATCH: Walking from Argentina to Alaska one step at a time

Holly “Cargo” Harrison is in Williams Lake, resting a pulled hamstring before he continues on his 15,000-mile walk to Alaska.

BCHL Today: Merritt Centennials keep moving while Salmon Arm Silverbacks slide

BCHL Today is a (near) daily look at what’s going on around the league and the junior A world.

Former Canuck Roberto Luongo addresses Florida shooting victims

Parkland, Fla., resident, delivers speech before Florida Panthers’ first home game since tragedy

OLYMPIC ROUNDUP: Kelowna skier Kesley Serwa adds to Canada’s gold medals

Despite losses in men’s hockey and curling, Canadian women won medals in ski cross and figure skating

Most Read