Drivers in Metro Vancouver will have to dig deeper into their pockets to fill up at the pump this week, as gas prices have risen sharply with no immediate relief in sight.
On Tuesday morning, prices at the pump were hovering between $1.449/litre (at an Essso on West Broadway) and and $1.481/litre (at a Husky on Powell Street).
And according to GasBuddycom’s Dan McTeague, the climb isn’t over yet.
“There’s a one-cent-per-litre hike coming tomorrow – sending prices to $1.499 – but likely no change for Thursday,” he said.
#Vancouver ⛽ prices are 148.9 cents per litre RISING another 1 ct/l for Wednesday, putting prices at 149.9 cts/l – or $5.68 a gallon https://t.co/dtqeGbPQAz
— Dan McTeague (@GasBuddyDan) February 27, 2018
McTeague told Daily Hive the increase can be pinpointed to a closed refinery, as Parkland’s Burnaby plant remains under repair.
“The two US refineries that have set a one-month timetable for their maintenance are set to scale back production at the beginning of April,” he said.
This, he continued, could create “a potential shortage of gasoline and diesel supplies throughout the Pacific Northwest.”
So just how long will this price trend continue before there’s any dip or change in direction?
McTeague said it’s hard to say, especially considering the time of year.
“When you add the fact that the beginning of April is the transition period from winter to summer gas and the carbon tax hike, it certainly seems likely these high prices are here to stay.”
Suddenly, a bus pass doesn’t seem like such a bad idea.