Gas prices fall in Metro Vancouver, another dip expected before weekend
Gas prices in Metro Vancouver fell significantly Thursday morning with another dip expected before the weekend.
Some stations posted prices that were about six cents per litre cheaper than Wednesday, and are now hovering around 210.9.
Gas price analyst Dan McTeague told CTV News Vancouver prices are expected to drop another five cents on Friday, to around 205.9.
Prices have fluctuated dramatically in recent weeks, with McTeague pointing to tensions in the Middle East and a recent interest rate decision in the United States as possible factors.
"Then of course we have to look at the supply picture. Oil supplies have risen in the last week, dramatically so," he said, adding supply estimates from the U.S. Energy Information Administration are sometimes readjusted at a later date. "For now, it appears demand is stable and supply is increasing, especially here in the Pacific Northwest where refinery utilization has gone up."
McTeague said drivers should expect higher prices in the summer as more people take to the roads.
"For now, markets have backed off," he said.
With files from CTV News Vancouver's Kraig Krause
CTVNews.ca Top Stories
DEVELOPING 122 active wildfires burning across Canada, 32 considered 'out of control'
The 2024 wildfire season has begun, and it's shaping up to follow last year's unprecedented destruction in kind, with thousands of square kilometres already consumed.
B.C. parents sentenced to 15 years for death of 6-year-old boy
A British Columbia Supreme Court judge has sentenced the mother and stepfather of a six-year-old boy who died from blunt-force trauma in 2018 to 15 years in prison.
Veteran TSN sportscaster Darren Dutchyshen has died
Veteran TSN broadcaster Darren 'Dutch' Dutchyshen, one of Canada’s best-known sports journalists, has died. He was 57. His family says 'he passed as he was surrounded by his closest loved ones.'
Miller scores late as Canucks grind out 3-2 win over Oilers in Game 5
J.T. Miller scored in the final minute of the game and the Vancouver Canucks came back for a 3-2 victory over the Edmonton Oilers in Game 5 of their second-round playoff series Thursday.
Think twice before sharing 'heartbreaking' social media posts, RCMP warn
Mounties in B.C. are urging people to think twice before sharing "heartbreaking posts" on social media.
Police issue Canada-wide warrant for Regina homicide suspect
Police have issued a Canada-wide warrant for a man wanted in a homicide which occurred in Regina on May 12.
Trudeau calls New Brunswick's Conservative government a 'disgrace' on women's rights
Prime Minister Justin Trudeau assailed New Brunswick's premier and other conservative leaders on Thursday, calling out the provincial government's position on abortion, LGBTQ youth and climate change.
Kevin Spacey receives star support as he fights to get his career back
Kevin Spacey is pushing back on the 'rush to judgment' against him and is being backed by some big names as he seeks to reclaim his acting career.
Speaker cuts ties with Sask. Party, alleges he faced threats, harassment from gov't MLAs
The Speaker of the Saskatchewan Legislature Randy Weekes has severed ties with the Sask. Party after accusing some members of harassment and intimidation tactics, including a situation he claimed saw the Government House Leader bring a hunting rifle to the legislative building.