Skip to main content

'Christmas came early': Analyst predicts Metro Vancouver gas prices will fall more than 20 cents per litre

Gas price analyst Dan McTeague says drivers in Metro Vancouver should wait until Wednesday to fill up their tanks.

"Christmas came early," said McTeague of "Holding off for the next several hours could prove putting an extra $10/$20 in your pocket, and I think it's certainly welcome news."

He predicts the price at the pump will drop to 184.9 cents per litre on Wednesday, a twenty-one cent decrease that would mark Metro Vancouver's biggest daily drop in 2023.

McTeague said the anticipated price drop is a result of a variety of factors, including the switch from summer blend fuel to the cheaper winter blend and recent government decisions in California to ease fuel specifications.

"The governor in California relented and eventually allowed all gasoline formulations to be sold in that state. Normally, it's very expensive," he said.

As for a future outlook, McTeague anticipates gas prices to start to go back up a few cents on Thursday due to a weakened Canadian dollar. He believes the market is so volatile that ten to twenty-cent spikes and drops are becoming the new normal.

B.C. still has the highest gas prices in the country, with the most expensive city in the province currently being Victoria with an average price of $2.11.2/litre, according to Top Stories

Ontario doctors disciplined over Israel-Gaza protests

A number of doctors are facing scrutiny for publicizing their opinions on the Israel-Hamas war. Critics say expressing their political views could impact patient care, while others say that it is being used as an excuse for censorship.

'No concessions' St-Onge says in $100M a year news deal with Google

The Canadian government has reached a deal with Google over the Online News Act that will see the tech giant pay $100 million annually to publishers, and continue to allow access to Canadian news content on its platform. This comes after Google had threatened to block news on its platform when the contentious new rules come into effect next month.

Live updates

Live updates Hamas frees 10 Israeli women and children, 4 Thai nationals

Ten Israeli women and children and four Thai nationals held captive in Gaza were freed by Hamas, and Israel followed with the release of a group of Palestinian prisoners Thursday. It was the latest exchange of hostages for prisoners under a temporary ceasefire in the Gaza war. Two Russian-Israeli women were also freed by Hamas in a separate release.


opinion Don Martin: With Trudeau resignation fever rising, a Conservative nightmare appears

With speculation rising that Prime Minister Justin Trudeau will follow his father's footsteps in the snow to a pre-election resignation, political columnist Don Martin focuses on one Liberal cabinet minister who's emerging as leadership material -- and who stands out as a fresh-faced contrast to the often 'angry and abrasive' leader of the Conservatives.

Stay Connected