Get ready for a long weekend of rising gas prices across Metro Vancouver.
According to GasBuddy.com’s Dan McTeague, gas prices are set to rise 2 cents overnight, beginning Friday, June 29.
Gas Price 🚨#Vancouver and Lower Mainland to 👀a 2 ct/l HIKE overnight from r Friday June 29. Also can’t wait for April 1, 2019 when #Vancouver get a 1.5 ct/l transit tax hike the same day the #BC government hikes carbon taxes another 1.16 cpl. Highest taxed jurisdiction in N/A
— Dan McTeague (@GasBuddyDan) June 28, 2018
“There was a 2 cent litre hike on [June 28] and another one coming on [June 29],” McTeague told Daily Hive via email.
McTeague explains that gas prices all along the Pacific North West (PNW) region are going up.
“As gasoline importers here in Vancouver we follow US market prices closely. They’ve gone up 23 cents a gallon these past two weeks in the PNW and a second week of tightening gasoline supplies,” he said.
“Oil has risen $8 a barrel since last Friday and of course, the Canadian dollar is still quite weak —that’s important because all petroleum products are priced in US dollars.”
McTeague says that the price hike doesn’t have a connection to the fact a long weekend is coming up.
“Hard as it may be to believe, the increases have little to do with the long weekend here in Canada.”
In April, Vancouver set the record for the highest gas prices ever in North America, with prices reaching 160.9 cents/litre.