Gas prices are set to rise in Vancouver this weekend... again

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This week, Vancouver found itself with the dubious distinction of having the highest gas prices in North America, and this weekend’s gas prices don’t look much more promising.

Prices at numerous stations throughout Metro Vancouver hovered around the $1.43 / litre mark on Tuesday, with some gas stations in Surrey and New Westminster climbing as high as $1.449/litre – just under the $1.45 mark.

Now, as we head into the weekend, it looks like things are going to get worse before they get better.

According to Gasbuddy.com’s Dan McTeague, prices were set to jump today and increase further by Saturday.

Gas Price Alert #Vancouver & Lower Mainland to see a 2 cent a litre HIKE @ the ⛽️ overnight for Thursday Nov 2nd (to 144.9 in MetroVan)

— Dan McTeague (@GasBuddyDan) November 2, 2017

Gas prices will rise again 1 ct/l Friday to 145.9 cpl then rise another 2 cts/‘ to 147.9 for Saturday. Some stations may hold off until Monday. Either way this price will hold until at least next Wednesday https://t.co/dkhTZ9DbND

— Dan McTeague (@GasBuddyDan) November 2, 2017

Gas Price Alert #Vancouver and the Lower Mainland to see a 2 ct/l HIKE to 147.9 cpl FOLLOWED BY 2 ct/l DROP Sunday – back to 145.9. This will stay in effect until at least Wednesday Nov 9

— Dan McTeague (@GasBuddyDan) November 3, 2017

In an interview with Daily Hive earlier this week, McTeague said the upward pricing trend is a result of “the “limited supply of gasoline and Vancouver’s dependence on Washington State refineries – as well as Edmonton – for fuel.”

In addition, he said, “taxes are also the highest in North America,” he said. “At $1.439, total gasoline tax is 49.025 cents a litre.”

So is there any end in sight for drivers?

Not for a little while.

McTeaugue said drivers shouldn’t expect any real drop in prices “for at least two weeks.”

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