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
BREAKING Israel attacks Iran, Reuters sources say; drones reported over Isfahan
Israel has attacked Iran, three people familiar with the matter told Reuters, as Iranian state media reported early on Friday that its forces had destroyed drones, days after Iran launched a retaliatory drone strike on Israel.
American millionaire Jonathan Lehrer denied bail after being charged with killing Canadian couple
American millionaire Jonathan Lehrer, one of two men charged in the killings of a Canadian couple in Dominica, has been denied bail.
Nearly half of China's major cities are sinking, researchers say
Nearly half of China's major cities are suffering 'moderate to severe' levels of subsidence, putting millions at risk of flooding especially as sea levels rise.
Prince Harry formally confirms he is now a U.S. resident
Prince Harry, the son of King Charles III and fifth in line to the British throne, has formally confirmed he is now a U.S. resident.
Judge says 'no evidence fully supports' murder case against Umar Zameer as jury starts deliberations
The judge presiding over the trial of a man accused of fatally running over a Toronto police officer is telling jurors the possible verdicts they may reach based on the evidence in the case.
Health Canada to change sperm donor screening rules for men who have sex with men
Health Canada will change its longstanding policy restricting gay and bisexual men from donating to sperm banks in Canada, CTV News has learned. The federal health agency has adopted a revised directive removing the ban on gay, bisexual and other men who have sex with men, effective May 8.
Colin Jost names one celebrity who is great at hosting 'Saturday Night Live'
Colin Jost, who co-anchors Saturday Night Live's 'Weekend Update,' revealed who he thinks is one of the best hosts on the show.
Sports columnist apologizes for 'oafish' comments directed at Caitlin Clark. The controversy isn't over
A male columnist has apologized for a cringeworthy moment during former University of Iowa superstar and college basketball's highest scorer Caitlin Clark's first news conference as an Indiana Fever player.
'Shopaholic' author Sophie Kinsella reveals brain cancer diagnosis
Sophie Kinsella, the best-selling author behind the 'Shopaholic' book series, has revealed that she is receiving treatment for brain cancer.