Gas prices have quickly increased in Metro Vancouver over the past 48 hours.
Prices have been seen as high as $1.88 a l in some parts of Vancouver and North Vancouver.
Some areas, like Surrey, are still seeing prices hover around $1.75.
Gas expert Dan McTeague credits the quick increase to supply shortages and the shutdown of Parkland Refinery in Burnaby.
- Road to the Referendum: What impact could separating have on Alberta’s economy?
- 5 things missing from Canada’s AI strategy, from timelines to job impacts
- What are AI data centres? A closer look as Canada eyes ‘large-scale’ push
- Stony Plain daycare evacuated after van hits building, gas leak detected
“It is a bit of a delayed reaction. Markets are not necessarily responding like they have in the past … but the Parkland Refinery is still down and has been for quite some time and there is a shortage,” he told Global News.
“This is the hard-hitting reality, which we should have seen a few weeks ago.”
Get daily National news
McTeague said the price increase may stay elevated for some time and might increase by another 2 cents overnight Friday.
He also said prices in Washington have increased in a similar fashion.
Comments
Want to discuss? Please read our Commenting Policy first.