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Metro Vancouver drivers hit by higher gas prices – it’s not over yet, analysts say – BC

Metro Vancouver drivers heading to gas stations are facing sticker shock this week.

On a recent Tuesday, local drivers were spending $1.93.9 per liter. It climbed to $2.14.9 on Friday morning, and again to $2.18.9 during the evening commute.

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Gasoline prices spike around Metro Vancouver Wednesday morning

Canadians for Affordable Energy oil analyst Dan McTeague attributes the higher prices to conditions south of the border.

“The unusual supply shortage on the US West Coast worsened by about a week before the Phillips 66 Ferndale Washington refiner shut down for maintenance,” he told Global News earlier this week.

“This is something that many refineries across the country are putting off, especially given the strong demand this summer.”

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Gas prices in Metro Vancouver are on the rise again


Gas prices in Metro Vancouver are on the rise again

Soaring fuel prices are adding to the strain on Metro Vancouver residents who are already feeling a pinch of inflation in grocery stores and elsewhere, with many drivers refraining from driving if possible, Global said Friday. He said he was.

Evo, a car-sharing program that has flooded the airwaves with ads, told Global News that the service, run by BCAA, recently surpassed 200,000 members.

“We have regular surveys with our members and they say gas prices are a factor in how often they travel,” Evo director Amtis Khorsandi told Global News.

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Inflation slowed in August as petrol prices fell, but food prices remain high

“Some people even say they chose to sell their cars.”

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Fuel prices rose to their highest level since early August this week, but could go higher.

McTeague predicted a further 2 cents increase on Saturday, followed by a whopping 13 cents increase on Sunday, leaving gas prices in the $2.33.9 per liter range.

© 2022 Global News, a division of Corus Entertainment Inc.



Metro Vancouver drivers hit by higher gas prices – it’s not over yet, analysts say – BC

Source link Metro Vancouver drivers hit by higher gas prices – it’s not over yet, analysts say – BC

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