Looking for relief? Here's what experts predict for Vancouver gas prices this week, summer months
Gas prices in Metro Vancouver are expected to remain at or near record-breaking levels in the coming days, after reaching a new all-time high over the weekend.
The price of gas rose to 233.9 cents per litre at some stations Sunday, breaking a record for the second day in the row. On Saturday, the price was about six cents lower, but still a record high at the time.
According to Gas Wizard, a Canadian gas-price prediction site, prices could stay at 233.9 on Monday and Tuesday. A heat map on GasBuddy suggested the Greater Vancouver region had the highest prices in the country Monday, averaging at 230 cents per litre.
The record-high prices seen in Vancouver and across the country have largely been blamed on Russia's invasion of Ukraine, though other factors – including inflation, refinery capacity, and a recent increase in carbon taxes – have also contributed.
"It’s very much a sign of where I think we're going to be at least for the foreseeable future, as we head into the summer driving season, which, for all intents and purposes, hasn't really begun," Dan McTeague, a gas price analyst, told CTV News Vancouver over the weekend.
McTeague said Metro Vancouver could see prices reach 250 cents per litre this summer.
The B.C. government is aiming to give some relief from the high prices in the form of a $110 rebate for most ICBC customers. Some residents will see their rebate arrive by direct deposit this month, others will receive a cheque in June.
But the BC Liberals have condemned the NDP's approach, arguing that more can be done to provide relief to drivers.
They propose temporarily freezing the provincial gas taxes and providing a one-time rebate through the Climate Action Tax Credit, which would be issued July 5. They're also calling for a suspension of a 25-cent so-called "hidden import" tax on gas brought to B.C. from Alberta.
"People are really struggling right now. They need help," said Peter Milobar, the Liberals' critic for finance. "They don't need more empty words from the premier."
With files from CTV News Vancouver's Ian Holliday
CTVNews.ca Top Stories
Cargo ship had engine maintenance in port before Baltimore bridge collapse, officials say
The cargo ship that lost power and crashed into a bridge in Baltimore underwent 'routine engine maintenance' in port beforehand, the U.S. Coast Guard said Wednesday.
A Nigerian woman reviewed some tomato puree online. Now she faces jail
A Nigerian woman who wrote an online review of a can of tomato puree is facing imprisonment after its manufacturer accused her of making a “malicious allegation” that damaged its business.
Far North police 'dispatch' polar bear stalking schoolyard
Police and local hunters in an Ontario Far North First Nation community have “dispatched” a polar that was showing abnormal behaviour and treating the area as a hunting ground.
Donald Trump assails judge and his daughter after gag order in N.Y. hush-money criminal case
Donald Trump lashed out Wednesday at the New York judge who put him under a gag order that bars him from commenting publicly about witnesses, prosecutors, court staff and jurors in his upcoming hush-money criminal trial.
Families shocked after Niagara Falls hotel cancels bookings made year in advance of solar eclipse
After having the foresight to book their Niagara Falls hotel rooms more than a year in advance, several families planning to take in the solar eclipse next month were shocked to find out their reservations had been cancelled.
B.C. rescuers face 'high likelihood' of failure to reunite orphaned orca with pod
The race to reunite an orphaned orca calf that’s stuck in a shallow lagoon with a neighbouring pod has entered its fifth day, and a marine scientist says the clock is ticking.
Video shows police interrupting auto theft in progress outside Toronto home
New video footage obtained by CP24 shows the attempted theft of a vehicle in a North York driveway earlier this month that was ultimately interrupted by police.
Majority of Canadians believe in life after death: Angus Reid survey
A new survey from the Angus Reid Institute has found that a majority of Canadians believe in some form of life after death, a proportion that has held steady for decades.
MyPillow, owned by U.S. election denier Mike Lindell, formally evicted from Minnesota warehouse
A court ordered the eviction Wednesday of MyPillow from a suburban Minneapolis warehouse that it formerly used.