Unprecedented Gas Prices Hit Vancouver

Metro Vancouver is feeling the pinch at the pump as gas prices have skyrocketed by 12 cents in just one week. As of Monday morning, many stations are flaunting prices at a jaw-dropping $1.83 per litre, with a recent survey finding an average price of $1.76 — a stark increase of 12.6 cents from the prior week.

Why the Spike? Blame California's Refinery Woes!

Experts from GasBuddy.com are pointing fingers at a looming refinery shutdown in California for this sudden price hike. Patrick De Haan, the head of petroleum analysis at GasBuddy, highlights that British Columbia is experiencing one of the most significant jumps in gas prices, with the trend echoed across several provinces.

Hope on the Horizon for Consumers!

But it's not all doom and gloom! De Haan brings a glimmer of hope, suggesting that relief may be on the horizon. As we transition to winter gasoline, we might witness a decrease in prices as early as this month—provided that oil prices remain stable and local issues are resolved.

OPEC+ Steps In: Will Prices Stabilize?

In an additional boost for consumers, OPEC+ has announced plans to ramp up oil production starting in October, which could help keep prices in check for the foreseeable future.

A Yearly Comparison: Slightly Higher Prices