Menu

Topics

Connect

Comments

Want to discuss? Please read our Commenting Policy first.

Metro Vancouver gas prices surge to $2.13, highest price of the year

Drivers around the B.C. South Coast are feeling their wallets get lighter as gas prices have surged to the highest prices seen so far this year – Aug 27, 2023

Drivers around the B.C. South Coast are feeling their wallets get lighter as gas prices have surged to the highest prices seen so far this year.

Story continues below advertisement

Gas at a Port Coquitlam station was seen priced at $2.13 Sunday morning.

Gas analyst Dan McTeague attributes the hike to a fire at the Garyville oil refinery in Louisiana, along with dwindling oil supply and a falling Canadian dollar.

He told Global News prices are expected to continue to rise throughout the week.

The daily email you need for BC's top news stories.

“The Canadian dollar continues to weaken … all of these (factors) are likely to point to another seven or eight cent hike, perhaps as early as this week before things begin to settle down,” McTeague said.

Drivers expressed their frustrations Sunday morning.

Story continues below advertisement

“I don’t know what’s going to stop this. This is crazy,” Patricia Fernandez said.

“It’s ridiculous. Either I put (money) on gas or groceries or rent.”

McTeague added the “new normal” for Lower Mainland gas prices is “two dollars plus,” and expects prices to increase into the Labour Day long weekend.

According to a GasBuddy map, most prices around Metro Vancouver are hovering around $2.06.

Advertisement

You are viewing an Accelerated Mobile Webpage.

View Original Article