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Metro Vancouver gas prices expected to plunge Thursday

Click to play video: 'Metro Vancoucer drivers expected to save 6 cents a litre starting Thursday'
Metro Vancoucer drivers expected to save 6 cents a litre starting Thursday
Gas prices in Metro Vancouver are predicted to fall again, just in time for the weekend – Nov 14, 2018

Gas prices are heading down in a big way across Metro Vancouver.

GasBuddy.com’s Dan McTeague says come Thursday prices are expected to drop six cents a litre.

“This is unlike anything we’ve seen in a very long time,” said McTeague.

He said prices at the high end will come in around $1.38.9 a litre and lower in areas that don’t have the TransLink gas tax.

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“You have not seen that price, and it was very temporary, since January 4,” McTeague added.

He said much of it is due to an oversupply of product.

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“Much of it to do with what’s happening on global markets as [the price of] crude is crumbling,” said McTeague.

McTeague expects the lower prices to stick around for at least a week.

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