(Black Press File)

Gas prices rise 3 cents a litre in Lower Mainland

Analyst Dan McTeague says prices will get much higher come April

Lower Mainland drivers should get used to the price hike at the pumps they felt Friday.

According to GasBuddy senior petroleum analyst Dan McTeague, gas prices went up three cents a litre, and another penny may be added Saturday or Sunday.

While McTeague said prices could come down a little next week, “We’re now getting to the point where gasoline and oil prices are starting to move back up.”

In the month of March, he said we’re likely to see gas prices remain in the $1.30 range versus the $1.20 range that we’ve had a glimpse of over the past few days.

McTeague pointed to Washington State production levels still being at 90 per cent, as well as the “over-subscribed Trans Mountain Pipeline” as reasons for the rise.

“Any type of disturbance on market tends to impact us more unevenly here in the Vancouver, Lower Mainland and Vancouver Island markets,” he said.

RELATED: Pipeline explosion causes evacuations near Prince George

RELATED: Trans Mountain expansion could be delayed for years

Worse, McTeague said we are likely to reach back to the $1.50 or $1.60 range come April.

“As we get closer to April, the provincial government is increasing the carbon tax yet again by 1.16 cents a litre, and another two cents to pay for TransLink, so the days of cheaper gasoline one way or another are going to be fewer and farther between.”

RELATED: Hundreds gather in protest of carbon tax

RELATED: Federal carbon tax rebates will exceed the cost for most people affected

On Friday morning, the average price for gas in Vancouver was 129 cents a litre.

However, “there are some examples of where on the weekend you’ll see gas stations sell for 12 cents less than that,” he added. “That’s just gas stations playing with their retail margin.”

According to GasBuddy, the Costco in Langley looked to have the lowest price per litre (116.9 cents), followed by the one in Port Coquitlam (118.9 cents).

Listed stations in Port Moody had the highest prices (131.9 cents a litre).

RELATED: B.C. fuel up 4 cents and more hikes to come

Be ready to wait if you fuel up on Friday: GasBuddy’s 2018 foot traffic report released Jan. 31 found Fridays are the busiest day for fuel and convenience retailers.

“It is now confirmed that filling up at Costco on a Friday afternoon is the worst idea ever unless you enjoy waiting in line,” GasBuddy analyst Frank Beard said in a release.

Busiest times are noon and 5 p.m.



karissa.gall@blackpress.ca

Like us on Facebook and follow us on Twitter

Just Posted

Chilliwack celebration to recognize first Indigenous RCMP member

Ed Kelly said becoming a Mountie was the job he dreamed of as a kid

Dinosaur statues from defunct Dinotown theme park stolen in Chilliwack

The dinosaur figures once graced the theme park but were destined for Chilliwack fundraiser

Chilliwack Chiefs hope to become NHL draft picks

Five former or current Chiefs are on the NHL’s Central Scouting ranking of North American skaters.

Dinosaurs will reign at Sto:lo Children’s Festival

Jurassic Park theme takes over long-standing, free community event

Funding for new Chilliwack schools could drive up development costs

School Site Acquisition Costs could dramatically increase by almost 30 per cent

PHOTOS: Elusive ‘ghost whale’ surfaces near Campbell River

Ecotourism operator captures images of the rare white orca

Victoria mom describes finding son ‘gone’ on first day of coroners inquest into overdose death

Resulting recommendations could change handling of youth records amidst the overdose crisis

Dash-cam video in trial of accused cop killer shows man with a gun

Footage is shown at trial of Oscar Arfmann, charged with killing Const. John Davidson of Abbotsford

Suicide confirmed in case of B.C. father who’d been missing for months

2018 disappearance sparked massive search for Ben Kilmer

Eight U.S. senators write to John Horgan over B.C. mining pollution

The dispute stems from Teck Resources’ coal mines in B.C.’s Elk Valley

Threats charge against Surrey’s Jaspal Atwal stayed

Atwal, 64, was at centre of controversy in 2018 over his attendance at prime minister’s reception in India

Langley’s oldest and last strip bar shuts its doors

The Alder Inn, in operation since 1957, has reportedly been purchased

Anti-vaxxer Robert F. Kennedy Jr. to speak in Surrey

He’s keynote speaker at Surrey Environment and Business Awards luncheon by Surrey Board of Trade Sept. 17

Otters devour 150 trout at Kootenay hatchery

The hatchery has lost close to 150 fish in the past several months

Most Read