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
Serial sexual offender linked to unsolved 1970s homicides of four Calgary girls, women
An investigation into unsolved historical homicides from the 1970s has linked the deaths of two girls and two young women in and around Calgary to a now-deceased serial offender.
Woman with liver failure rejected for a transplant after medical review highlights alcohol use
For nearly three months, Amanda Huska has been in an Ontario hospital, part of it on life support, because of severe liver failure. Her history of alcohol use is getting in the way of her only potential treatment: a liver transplant.
Banking mogul suing government after intelligence leaks leave him shut out of Canadian economy
Chinese Canadian banking mogul Shenglin Xian has launched a $300 million lawsuit against the federal government. It’s a means to find the source of intelligence leaks which Xian says has cost him his livelihood.
Slovak prime minister still in serious condition as suspect appears in court
Slovak Prime Minister Robert Fico's condition was stable but serious Saturday as the man accused of trying to assassinate him faced his first court appearance.
No expert consensus on AI risks, trajectory 'remarkably uncertain': report
A major international report on the safety of artificial intelligence says experts can’t agree on the risk the technology poses — and it's unclear whether AI will help or harm us.
$500K-worth of elvers seized at Toronto airport
Fishery and border service officers seized more than 100 kilograms of unauthorized elvers at the Toronto Pearson International Airport on Wednesday.
N.B. man takes talent to the air, hoping others catch his love for extreme pogo stick performing
Duncan Murray is one of only a handful of Canadians to be considered a professional extreme pogo athlete.
Information commissioner faces $700K funding shortfall, says system is 'overwhelmed'
Canada's information commissioner says her office is facing a $700,000 funding shortfall that could impact its ability to investigate complaints about government transparency and accountability.
Oilers focus on Saturday's game, try to ignore prospect of elimination from playoffs
They're on the verge of being eliminated, but there's only one thing the Edmonton Oilers can do, says their coach: Remain focused.