(Black Press File)

Gas prices rise 3 cents a litre in Lower Mainland

Analyst Dan McTeague says prices will get much higher come April

Lower Mainland drivers should get used to the price hike at the pumps they felt Friday.

According to GasBuddy senior petroleum analyst Dan McTeague, gas prices went up three cents a litre, and another penny may be added Saturday or Sunday.

While McTeague said prices could come down a little next week, “We’re now getting to the point where gasoline and oil prices are starting to move back up.”

In the month of March, he said we’re likely to see gas prices remain in the $1.30 range versus the $1.20 range that we’ve had a glimpse of over the past few days.

McTeague pointed to Washington State production levels still being at 90 per cent, as well as the “over-subscribed Trans Mountain Pipeline” as reasons for the rise.

“Any type of disturbance on market tends to impact us more unevenly here in the Vancouver, Lower Mainland and Vancouver Island markets,” he said.

RELATED: Pipeline explosion causes evacuations near Prince George

RELATED: Trans Mountain expansion could be delayed for years

Worse, McTeague said we are likely to reach back to the $1.50 or $1.60 range come April.

“As we get closer to April, the provincial government is increasing the carbon tax yet again by 1.16 cents a litre, and another two cents to pay for TransLink, so the days of cheaper gasoline one way or another are going to be fewer and farther between.”

RELATED: Hundreds gather in protest of carbon tax

RELATED: Federal carbon tax rebates will exceed the cost for most people affected

On Friday morning, the average price for gas in Vancouver was 129 cents a litre.

However, “there are some examples of where on the weekend you’ll see gas stations sell for 12 cents less than that,” he added. “That’s just gas stations playing with their retail margin.”

According to GasBuddy, the Costco in Langley looked to have the lowest price per litre (116.9 cents), followed by the one in Port Coquitlam (118.9 cents).

Listed stations in Port Moody had the highest prices (131.9 cents a litre).

RELATED: B.C. fuel up 4 cents and more hikes to come

Be ready to wait if you fuel up on Friday: GasBuddy’s 2018 foot traffic report released Jan. 31 found Fridays are the busiest day for fuel and convenience retailers.

“It is now confirmed that filling up at Costco on a Friday afternoon is the worst idea ever unless you enjoy waiting in line,” GasBuddy analyst Frank Beard said in a release.

Busiest times are noon and 5 p.m.



karissa.gall@blackpress.ca

Like us on Facebook and follow us on Twitter

Just Posted

VIDEO: ‘Spiderghini’ stopping in Abbotsford for Avengers: Endgame

Highstreet Shopping Centre displaying Spiderman-designed Lamborghini for movie premiere

COLUMN: Make positive change for marginalized groups, not despite them

Drug policies have a long history of at best ignoring and at worst targeting vulnerable communities

Abbotsford youth gang prevention program gets provincial funding

But just $1 million over three years is far below In It Together’s previous $1.6-million annual funds

Fraser Health reminds parents to get their kids fully vaccinated against measles

Health authority will send letters home to parents with catch-up program information

Province pledges $25 million to build new Eagle Mountain elementary school

New school for 460 students to be completed by fall of 2022, province says

What’s age got to do with it? B.C. couple with 45-year gap talks happy marriage

An Armstrong couple that has 45-year age gap began turning heads after being featured on show Extreme Love.

WATCH: South Vancouver Island shooting an ‘isolated and targeted’ incident, say police

One person in custody, another fled following shooting and crash on West Shore

Woe, Canada: Bruins down Maple Leafs 5-1 in Game 7

No Canadian teams left in Stanley Cup playoffs

Defence accuses officer of ‘incompetence’ in trial for B.C. man accused in daughters’ murder

Double murder trial for the Victoria father accused of killing his two young daughters continues

Should B.C. parents receive money if they make sure their kids are vaccinated?

New survey looks at public opinion around government’s role in forcing immunizations

Olympic auditions return to Lower Mainland

Event an opportunity for unknown athletes to shine and, maybe, change sports

B.C. men challenge constitutionality of Canada’s secret no-fly list

Parvkar Singh Dulai says he received a “denial of boarding” notification under the no-fly program last May 17

Murder on B.C. property didn’t need to be disclosed before sale, court rules

Buyer had tried to break contract after learning a man with ties to crime had been murdered there

B.C. pedophile wins appeal after violating court order

Kelly Glen Isbister’s sentence was cut by the BC Court of Appeal

Most Read