Metro Vancouver gas prices to drop another 7 cents, analyst says

After a massive drop earlier this week, gas prices in Metro Vancouver are expected to drop again Thursday night.

Analysts with Enpro International say drivers should see pump prices fall another seven cents for a litre of regular gas overnight into Friday morning.

This coming drop would bring the price to about $1.75 per litre.

Earlier this week, the head of petroleum analysis at GasBuddy.com explained that Lower Mainland prices are on the way down, as southern California refinery issues are resolved, and will eventually settle even lower in the weeks ahead.

Related Articles:

• Metro Vancouver gas prices expected to drop 20 cents by Wednesday

• Metro Vancouver gas prices on the move after spike overnight

• Metro Vancouver gas prices to rise this weekend, analyst says

  ---

“Vancouver should quickly see prices fall back below $2, and once all refinery snags are addressed and maintenance complete, I would not be surprised to see prices even fall below $1.65 there later this fall,” Patrick De Haan said.

Refinery outages in Southern California — both planned and unplanned — forced the price of gas upward for the West Coast of the U.S. and Canada.

In Metro Vancouver, a litre of regular rose to $2.149 last week, while in Southern California the price in some cities hit $6.49 USD per gallon Monday, which is the equivalent of $2.33 cents per litre.

Those sky-high prices have prompted California governor Gavin Newsom to step in, penning a letter to the state’s energy commission to request an early transition to winter-blend gasoline to help increase fuel supply.

As those refineries come back online and the West Coast supply crunch begins to ease, gas prices in California, Oregon, Washington, and British Columbia are dropping.