(File photo)

Lower Mainland gas prices could drop by eight cents by Friday

Analyst says under $1.30 per litre could be the new normal this winter

Are you starting to worry about how you’ll be able to afford the price of gas?

Don’t – GasBuddy.com analyst Dan McTeague believes prices at the pump will drop by up to eight cents this Friday.

Prices hit a high of 147.9 cents a litre in Metro Vancouver this week.

“It appears that the high prices are in fact having an impact as more supply is being made available,” McTeague said. “It looks like refiners are coming back online and dropping their prices in order to get more volume sold. Prices have nowhere to go but down.”

Prices are expected to drop by two cents by Wednesday, another five cents by Thursday, and possibly one more cent by Friday, McTeague said.

It’s not a momentary dip in prices, either.

“I think the new normal heading toward Christmas is going to be 1.25-1.30 for Metro Vancouver,” he said.

Prices in the Fraser Valley will continue to sit about 11 cents a litre below the average cost in Metro Vancouver because of the lack of gas taxes.


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Preliminary inquiry set for man accused of killing Belgian tourist

Sean McKenzie charged with killing Amelie Sakkalis, 28 on Aug. 22 near Boston Bar

PHOTOS: Salton pedestrian/cycling bridge lowered into place

Pedestrian/cycling bridge now in place over Highway 1

Abbotsford Police project tackles use of stolen debit and credit cards

‘That’s Not You’ cuts fraudulent offences in half, police say

Abbotsford schools’ uneven enrolment issues levelling

Preliminary enrolment data show increase at under-capacity schools, decrease at over-capacity schools

UFV launches Food and Agriculture Institute

New centre at University of the Fraser Valley fosters food security

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

Officials say 70 per cent of people in those provinces will get back more than they end up paying out as fuel costs rise to incorporate the carbon tax.

Fast ferries from B.C. spotted in Egypt

Controversial aluminum BC Ferries vessels ’big white elephants covered in dust,’ eyewitness says

Canadian troops, families take shelter in hotel after Florida hurricane

Most of the Canadians were evacuated from the military base before Hurricane Michael

B.C. jury trial hears police-sting audio of man accused of killing girl, 12

Garry Handlen has pleaded not guilty to the first-degree murder of Monica Jack on May 6, 1978.

5 tips to keep trick-or-treaters safe this Halloween

BC Children’s Hospital has a few suggestions to keep Oct. 31 fun

B.C. man gets seven years in prison for baseball-bat attack on Kamloops teen

Kamloops man who beat Jessie Simpson into a coma has pleaded guilty to aggravated assault. He was originally charged with attempted murder and assault with a weapon.

Cougar spotted after Vancouver Island resident finds his decapitated cat

Reports of conservation officers actively looking for the predator in Port Hardy Tuesday afternoon

Time running out for TV debate on proportional representation

B.C. Liberal leader spars with Premier John Horgan over timing

New rules introduced to protect B.C. foreign workers from exploitation

More than 16,000 temporary permits issued last year

Most Read