Metro Van gas prices to climb as spring nears: expert
Posted February 19, 2024 7:27 am.
Last Updated February 19, 2024 8:05 am.
Gas prices have remained relatively low, by Metro Vancouver standards, in recent weeks, but that’s expected to change as we inch closer to spring, according to one expert.
Patrick De Haan, the head of petroleum analysis at GasBuddy, says this is typical for this time of year.
“Roses are red, violets are blue, Valentine’s is over, and gas prices are going anywhere but lower,” said De Haan.
“With Valentine’s Day now behind us, we have officially entered the time of year when gas prices traditionally start their spring fling, but we’ve already seen gas prices increase for a few weeks. While the early start could also mean an early end, we still have as many as eight weeks that gas prices typically increase, and anything can happen between now and then.”
Listen to CityNews 1130 LIVE now!He says just how much prices will climb will depend on a few factors. However, the most critical will be “how quickly and effectively refiners can finish their pre-summer maintenance, start producing summer gasoline, and build up supply of it before Victoria Day.”
GasBuddy notes prices around the Vancouver region to start the week were 14.8 cents per litre of regular lower than the same day last year.
Nationally, the company says the average price for a litre of regular was up on Monday compared to the same time in 2023, by about 1.6 cents.
As of Monday, a litre of regular gas in Metro Vancouver was going for about 170 cents.
