Vancouver gas prices set record for 2nd time in as many days
CTV
For the second day in a row, gasoline has hit a new record high price in Metro Vancouver.
For the second day in a row, gasoline has hit a new record high price in Metro Vancouver.
Some stations in the region were advertising a litre of regular gas for $2.339, a six-cent increase from Saturday's record price of $2.279.
In an interview with CTV News on Saturday, gas price analyst Dan McTeague, president of Canadians for Affordable Energy, predicted the rise. His website, Gas Wizard, forecasts prices remaining at their current levels through Tuesday.
“It’s very much a sign of where I think we're going to be at least for the foreseeable future, as we head into the summer driving season, which, for all intents and purposes, hasn't really begun until next week and the week after in the United States," McTeague said Saturday.
The record high prices seen in Vancouver and across the country have largely been blamed on Russia's invasion of Ukraine, though other factors – including inflation, refinery capacity, and a recent increase in carbon taxes – have also contributed to the phenomenon.
The B.C. government has sought to offer drivers a bit of a break from the high prices in the form of a $110 rebate for most ICBC customers. Some residents will see their rebate arrive by direct deposit this month, others will receive a cheque in June.
Premier John Horgan has said his government is looking at other options for providing relief, but he had none to offer last week, advising people to "think before (they) hop in the car."
