Channels
× Select City
×
×
×
Business, News

Metro Vancouver gas prices expected to reach $1.60 during long weekend

4dd0e852301e879ba5ea9b17866c778b?s=96&d=mm&r=g
Simran Singh Jun 29, 2018 8:20 am 593

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.

“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.

See also

4dd0e852301e879ba5ea9b17866c778b?s=96&d=mm&r=g
Simran Singh
Simran is a Staff Writer at Daily Hive. She enjoys writing about culture, society, and politics. In her spare time, she drinks too much coffee and listens to a lot of BeyoncĂ©. Have a story idea? Email her: [email protected]

© 2018 Buzz Connected Media Inc.