Metro Vancouver gas prices surge to $2.13, highest price of the year – BC | 24CA News
Drivers across the B.C. South Coast are feeling their wallets get lighter as fuel costs have surged to the very best costs seen up to now this 12 months.
Gas at a Port Coquitlam station was seen priced at $2.13 Sunday morning.
Gas analyst Dan McTeague attributes the hike to a hearth on the Garyville oil refinery in Louisiana, together with dwindling oil provide and a falling Canadian greenback.
He instructed Global News costs are anticipated to proceed to rise all through the week.
“The Canadian dollar continues to weaken … all of these (factors) are likely to point to another seven or eight cent hike, perhaps as early as this week before things begin to settle down,” McTeague stated.
Drivers expressed their frustrations Sunday morning.
“I don’t know what’s going to stop this. This is crazy,” Patricia Fernandez stated.
“It’s ridiculous. Either I put (money) on gas or groceries or rent.”
McTeague added the “new normal” for Lower Mainland fuel costs is “two dollars plus,” and expects costs to extend into the Labour Day lengthy weekend.
According to a GasBuddy map, most costs round Metro Vancouver are hovering round $2.06.
© 2023 Global News, a division of Corus Entertainment Inc.
