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
Bodies found by U.S. authorities searching for missing B.C. kayakers
United States authorities who have been searching for a pair of missing kayakers from British Columbia since the weekend have recovered two bodies in the nearby San Juan Islands of Washington state.
Amid concerns over 'collateral damage' Trudeau, Freeland defend capital gains tax change
Facing pushback from physicians and businesspeople over the coming increase to the capital gains inclusion rate, Prime Minister Justin Trudeau and his deputy Chrystia Freeland are standing by their plan to target Canada's highest earners.
'It's discriminatory': Individuals refused entry to Ontario legislature for wearing keffiyeh
Individuals being barred from entering Ontario’s legislature while wearing a keffiyeh say the garment is part of their cultural identity— and the only ones making it political are the politicians banning it.
Tom Mulcair: Park littered with trash after 'pilot project' is perfect symbol of Trudeau governance
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
Saskatchewan households will continue to receive carbon tax rebate: Trudeau
Households in Saskatchewan will continue to receive Canada Carbon Rebate payments, despite the province refusing to remit the federal carbon price on natural gas, Prime Minister Justin Trudeau said Tuesday.
'It's just so hard to let it go': Umar Zameer still haunted by death of Toronto police officer
“It's just so hard to let it go. I mean, everyone is telling me, ‘you have to move on,’ but I know someone is not here [anymore]. So I don't know how I will move on." That’s what Umar Zameer, the man recently acquitted in the death of a Toronto police officer, told CTV News Toronto in a sit-down interview on Tuesday.
Senate expenses climbed to $7.2 million in 2023, up nearly 30%
Senators in Canada claimed $7.2 million in expenses in 2023, a nearly 30 per cent increase over the previous year.
Canucks goalie Thatcher Demko won't play in Game 2
The Vancouver Canucks will be without all-star goalie Thatcher Demko when they face the Nashville Predators in Game 2 of their first-round playoff series.
Pedestrian, baby injured after stroller struck and dragged by vehicle in Squamish, B.C.
Police say a baby and a pedestrian suffered non-life-threatening injuries after a vehicle struck a baby stroller and dragged it for two blocks before stopping in Squamish, B.C.