Gas prices are projected to shoot up this weekend, according to GasBuddy.com, so drivers in B.C. better fuel up now.
Gas Price Alert George and many cities in should expect a 5-10 cent a litre increase @ the 鉀斤笍 beginning today
含羞草研究社� Dan McTeague (@GasBuddyDan)
Analyst Dan McTeague said drivers in Vancouver Island will see a seven-cent-per-litre increase while the Okanagan has seen a hike of five to 10 cents already.
含羞草研究社淜elowna was at $1.12, and they含羞草研究社檙e seeing $1.17,含羞草研究社� said McTeague, because that region含羞草研究社檚 gas arrives from the midwest U.S.
Wholesale RBOB & CBOB... LIFTOFF... up 10c/gal Monday and up 7c/gal today. Ready for higher ?
含羞草研究社� Patrick DeHaan (@GasBuddyGuy)
McTeague predicted a one-cent rise per litre on Thursday, adding that many gas stations in Metro Vancouver are already seeing a three-cent-per-litre spike.
含羞草研究社淢y expectation of $1.40 will be easily exceeded,含羞草研究社� said McTeague. 含羞草研究社淎t the current $1.38.9, we含羞草研究社檙e at a 13-cent-per-litre retail margin. Tomorrow at this time, we含羞草研究社檒l be paying $1.41.含羞草研究社�
McTeague said it含羞草研究社檚 mostly due to disruptions in two refineries in Washington state: Phillips 66 in Ferndale and BP Cherry Point.
High prices could last till the beginning of April, but drivers shouldn含羞草研究社檛 expect much of a reprieve even then.
含羞草研究社淥n April 15, we switch from winter gasoline to summer gasoline, which means that refineries have to provide much more expensive fuel,含羞草研究社� he said. Summer gas has different additives to reduce volatility in higher temperatures.
含羞草研究社淲e have the dubious distinctions of having the most expensive place to drive a car in North America,含羞草研究社� said McTeague, noting the gas taxes in Translink-served areas.
He doesn含羞草研究社檛 expect prices to rise to $1.50 per litre the way they did in 2014, but does see $1.40 or $1.45 becoming the new normal over the summer.
含羞草研究社淲e含羞草研究社檒l see a lot more volatility like this throughout the summer,含羞草研究社� said McTeague. 含羞草研究社淭hose are the highest prices we含羞草研究社檝e seen since June or July 2015.含羞草研究社�
