Skip to main content

Gas station sticker shock: Fuel prices top $2 per litre mark across Metro Vancouver

Gas prices in Metro Vancouver have topped the $2 per litre mark as of May 29, 2023. Gas prices in Metro Vancouver have topped the $2 per litre mark as of May 29, 2023.

Gas prices have officially surpassed the $2 per litre mark in many parts of Metro Vancouver.

It’s just the start of what experts say will be yet another expensive summer ahead.

The sharp spike in prices happened in just a matter of weeks.

Dan McTeague from the prediction website Gas Wizard says the cost of fuel hasn’t been this high since November 2022.

The high prices are due to tight supply and high demand.

They’re expected to climb even higher this summer and will likely hover around the $2.20 a litre range.

Gas analysts say the only thing keeping prices from skyrocketing is ongoing concern about the U.S. reaching the debt ceiling

Metro Vancouver’s all-time high was set in September, when gas cost 241.9 cents per litre.

Experts don’t expect the region will break that record.

However, prices are forecast to stay high all the way into mid-October. Top Stories


LIVE UPDATES War in Ukraine 'must end with our victory,' Zelenskyy tells Parliament as PM pledges $650M in aid

Addressing a joint session of Parliament, Ukrainian President Volodymyr Zelenskyy offered repeated thanks to Canada for its continued support for his country as it continues to defend itself from Russia's invasion. In his introductory remarks, Prime Minister Justin Trudeau announced Canada will be making a $650 million 'multi-year commitment' for further Ukraine aid.

U.S. senator, wife indicted on bribe charges: prosecutors

Sen. Bob Menendez was charged Friday with secretly aiding the authoritarian regime of Egypt in exchange for gold bars and hundreds of thousands of dollars in cash as prosecutors unsealed a corruption indictment that accuses him of using his foreign affairs influence for personal gain.

McNaughton is third Ford cabinet minister to resign in past 3 weeks

Ontario Labour Minister Monte McNaughton announced on Friday he is stepping away from politics after accepting a job in the private sector. McNaughton is the third minister to resign from Premier Doug Ford's cabinet this month, though he said his departure is not connected to the unfolding Greenbelt development scandal.

Stay Connected