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Metro Vancouver gas prices set to hit as low as $1 a litre

Gas prices in Metro Vancouver continue to drop. THE CANADIAN PRESS/Jonathan Hayward

Metro Vancouver gas prices have hit a 17-year low, and could drop further.

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Fuel going for $1.10.9 per litre was spotted in the region on Wednesday morning, a price not seen since 2003.

Petroleum analyst Dan McTeague says prices could dip into the range of $1 per litre by Wednesday night.

McTeague says lower prices are linked to a drop in demand for gasoline with most people staying at home due to the coronavirus pandemic.

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Another factor, he says, is the ongoing oil price war between Saudi Arabia and Russia.

Last year, Metro Vancouver fuel prices hit record highs, topping more than $1.70 per litre.

Prices have dropped significantly across the country. In Nova Scotia, the cost at the pump plunged below 80 cents a litre.

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