It wouldn’t be spring without that sting at the pumps.
Gas prices across the province are expected to rise around three to four cents a litre this week. The main reason — fuel companies switching over from winter gas to a more costly summer supply.
“Refineries do have to respond by providing gasoline that isn’t so volatile when it comes to higher temperatures,” said Dan McTeague of GasBuddy.com. “Those kind of additives do add up.”
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Prices are expected to continue to climb heading towards the summer driving season. McTeague predicts prices could climb as high as $1.30 a litre.
As more Canadians choose to vacation closer to home, the demand on gas will increase. This puts drivers in direct competition with their American counterparts who are also heading to the pumps in record numbers.
“U.S. demand continues to break records. Americans are taking back to their vehicles in historical numbers,’ said McTeague.
This sort of surge in demand hasn’t been seen since 2007, according to McTeague.
Gas prices in Metro Vancouver are currently the highest in North America, about 20 cents more expensive that the highest rates in the United States even factoring in the exchange rate.
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