There is good news and bad news for Metro Vancouver drivers heading into the May long weekend.
Gas prices in the region crept over 160.0 overnight, topping out at 161.9 in downtown Vancouver.
That’s an increase of more than 32 cents per litre, or 24 per cent, since the May long weekend last year, and is the highest among Canadian cities.
However, senior petroleum analyst Dan McTeague with Gasbuddy.com says drivers who can afford to wait until Saturday could see a break at the pump of at least two cents.
“On weekends we do see gas retailers drop those 12-cent retail margins by three or four cents a litre. I wouldn’t be surprised to see a lot of gas stations posting 154.9,” said McTeague.
McTeague added that prices could drop another cent by Sunday.
He attributed the anticipated dip to BP’s Cherry Point refinery in Washington state returning to full production.
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