(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

Chilliwack Creep Catchers conduct sting in front of newspaper office

Controversial vigilante anti-pedophile group greets man allegedly trying to meet a 13-year-old

Chilliwack man who lost sentence appeal for dangerous driving a no-show for jail

Ryan Winczura was supposed to turn himself in by 2 p.m. on April 6

Middle Eastern fare with flare at Chilliwack Kabab

Thanks to a local church group the tiny restaurant is open and ready to serve Chilliwack and beyond

Wildlife centre operator concerned about leg-hold traps

Elizabeth Melnick of Abbotsford says contraptions are injuring innocent animals

Woman sends support bags to cancer patients across province

Chilliwack woman’s efforts inspired by late mother-in-law’s generous spirit

Unofficial “Mayor of Downtown Chilliwack” honoured by MLA in legislature

Harold Zinke has worked for 19 years to keep Chilliwack’s streets clean and events running smoothly

B.C. student makes short-list for autism advocacy award

Brody Butts honoured for his role as a mentor and self-advocate

Hockey for Humboldt charity game Friday

Event in Maple Ridge will benefit bus tragedy victims

Austin Powers ‘Mini-Me’, Verne Troyer, dies at 49

Facebook page confirmed his death Saturday afternoon

Alberta man dead after snowmobile collision on B.C. mountain

The incident occurred on Boulder Mountain Friday morning

B.C. parents grieving teen’s overdose death say it started with opioid prescription

Elliot Eurchuk, 16, died at his Oak Bay home Friday, after taking street drugs

Sunset Beach Park to close for 10 weeks to repair damage from 4-20 event

Vancouver Parks Board said a fence will be placed around the damaged field for ‘major rehabilitation’

16 of 20 fastest improving B.C. schools are public: Fraser Institute

Independent elementary schools remain at top of the chart in think tank’s annual report card

Police probe cause after skateboarder dies in collision with semi-truck

New Westminster police say its not certain whether the skateboarder was in crosswalk or near it

Most Read