Like many others, Steve Beck has made the choice to commute to work by bike.
"A whole bunch of reasons, some environmental, and the final kind of inspiration to do it was the price of gas," says Beck.
We've already seen record highs at the pumps and on the markets this year. Crude shot to just over $147 dollars a barrel in July. Gas prices in Metro Vancouver surpassed the $1.50 a litre mark. But get ready for a reversal.
"I think very soon you're going to see gasoline prices falling down behind the fall that we've seen in crude oil prices," says market analyst Victor Adair.
Adair says the price of gas has been following the ups and downs of crude, just not as quickly.
Since January, gas prices have fluctuated at a similar rate as oil.
"I could easily see us back to a dollar, a dollar ten by Christmas," says Adair.
It seems unbelievable considering current prices, which have actually driven some people to stop driving all together.
"The sale of SUV's has completely plummeted here in Canada. As well we've seen a huge increase in transit ridership," says Ian Bruce from the David Suzuki Foundation.
The David Suzuki Foundation admits some of the changes could be undone if prices drop.
"It won't stay that way if we just rely on this very volatile price," says Bruce.
"We really need to put in place the regulations to make vehicles more fuel efficient and put in place more transit services across the country."
"One of the reasons crude is coming down and gasoline will fall in behind that is because we have a slowdown in the global economy, and it will also hit our markets here," says Adair.
No matter where prices are headed, Steve Beck is sticking with his decision to scrap his car.
"With global climate change and greenhouse gas emissions we have to change and we might as well start changing now," he says.
With a report from CTV British Columbia's Maria Weisgarber
