Metro Vancouver gas prices predicted to drop 12 cents ahead of long weekend
After seeing record or near-record gas prices for a week, Metro Vancouver is predicted to see a significant drop in the cost to fill up a tank before the long weekend.
According to Gas Wizard, a Canadian gas-price prediction website, the price of gas in Vancouver is expected to fall by 12 cents per litre on Friday. That means gas is predicted to be 214.9 cents per litre, down from Thursday's cost of 226.9.
The price drop comes after some stations in the region had a record-breaking price of 233.9 cents per litre for several days in a row.
Gas prices for Vancouver from May 9 to May 20, 2022. (Gas Wizard)
As of Thursday, the Greater Vancouver area still has the highest prices in the country, according to a heat map from GasBuddy.com.
High prices across the province have led to calls for free transit over the summer months, when prices are predicted to reach 250 cents per litre.
They've also led to many Canadians choosing to go south of the border to fill up. On Wednesday, a gallon of regular gas was $5.35 on credit card at a station near the Pacific Highway crossing in Blaine. That equates to $1.82 a litre Canadian, which is about 50 cents cheaper than most stations in Metro Vancouver.
Along with residents, local charities are struggling with the soaring cost of gas, with some worried they might have to cut programs.
For now, 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.
That rebate was announced in March, when the record price was 214.9 cents per litre – the same cost Metro Vancouver is expected to see on Friday.
CTVNews.ca Top Stories
From outer space? Sask. farmers baffled after discovering strange wreckage in field
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
Broadcaster and commentator Rex Murphy dead at 77: National Post
The National Post is reporting that Rex Murphy, the pundit and columnist who hosted a national call-in radio show for decades, has died.
Pearson gold heist suspect arrested after flying into Toronto from India
Another suspect is in custody in connection with the gold heist at Toronto Pearson International Airport last year, police say.
Millions of cyberattacks per hour as B.C. government investigates multiple breaches
Careful attention to government statements and legislation is required to get a handle on the level of risk British Columbians’ information is under, as investigators probe multiple breaches under a continued barrage of attacks.
Ontario family receives massive hospital bill as part of LTC law, refuses to pay
A southwestern Ontario woman has received an $8,400 bill from a hospital in Windsor, Ont., after she refused to put her mother in a nursing home she hated -- and she says she has no intention of paying it.
Debate on abortion rights erupts on Parliament Hill, Poilievre vows he won't legislate
A Conservative government led by Pierre Poilievre would not legislate on, nor use the notwithstanding clause, on abortion, his office says, as anti-abortion protesters gather on Parliament Hill.
Justin and Hailey Bieber are expecting their first child together
Hailey and Justin Bieber are going to be parents. The couple announced the news on Thursday on Instagram, both sharing a video that showcases Hailey Bieber's growing belly.
Here are the ultraprocessed foods you most need to avoid, according to a 30-year study
Studies have shown that ultraprocessed foods can have a detrimental impact on health. But 30 years of research show they don’t all have the same impact.
New 'Lord of the Rings' film coming in 2026
The Oscar-winning team behind the nearly US$6 billion blockbuster 'Lord of the Rings' and 'The Hobbit' trilogies is reuniting to produce two new films.