Keep an eye on the pumps because Metro Vancouver could see some very cheap gas over the next 24 hours.
Or at least, compared to the record-high prices that drivers have been putting up with.
Dan McTeague, Senior Analyst at GasBuddy, says that he expects a sizeable drop in the price of gas.
A six-cent decrease is expected to take place overnight.
⚠️⛽️Alert: #Vancouver and the Lower Mainland to 👀 a 3 cent/litre drop overnight for Wednesday putting ⛽️ prices down to 153.9 cents per litre FOLLOWED by a 6 cent/litre DROP to 147.9 cts/l for Thursday. Build in PNW fuel supplies & concern over trade sending mkt prices crashing
— Dan McTeague (@GasBuddyDan) June 4, 2019
McTeague notes via Twitter that “fuel supplies and concern over trade” are part of the reason for the lower-than-normal prices.
Gas stations around the Lower Mainland currently have prices around 153 cents/litre, but tonight’s drop could send things as low as 147 cents/litre.
In April, British Columbia saw another increase in the province’s carbon tax rate – an annual increase that will continue until 2021.
Gas stations also transitioned to a “summer blend” of gasoline — a more expensive blend than its winter counterpart, which also added to the costly price at the pump.
All of this means that seeing prices this low is a rather rare occurrence for this time of year.
Keep your eyes open and be ready to gas up.