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Gas prices in Metro Vancouver hit new record high at $2.399 a litre

The news drivers have been dreading has arrived, as there is once again a new record-high for gas prices in Metro Vancouver.

The cost of gas at some stations Thursday morning was 239.9 cents per litre. That is an all-time record for any city in North America, according to experts.

Read more: Vancouver poised to again shatter North American gas-price record: analyst

“This is almost day to day but is obviously not far away from $2.50 a litre, and that at some stage would mean some significant demand destruction,” said Dan McTeague, Canadians for Affordable Energy’s president.

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“Once refineries get back up and running, we will see prices dial back probably to the $2.10 range for the foreseeable future.”

The sky-high gas prices on Thursday saw a jump of five cents from Wednesday.

#BREAKING The price of gas in Vancouver will soon set a new all-time record. Dan McTeague @GasPriceWizard says gas will hit $2.39.9/L on Thursday, breaking an all-time record for any city in North America. Last record was set on June 8th when gas in Vancouver was $235.9/L #bcpoli

— Jamie Tawil (@JamieTawil) September 27, 2022

Read more: Gas price nears record-high in Metro Vancouver on Monday

And now the bad news. Prices are expected to spike even higher on Friday, with analysts forecasting prices of 241.9 cents a litre.

“(Prices) will rise by another two cents a litre (on Friday). So for those driving around tomorrow, $2.419 will be the number we see at many stations here in Metro Vancouver,” McTeague said Friday.

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“The problem is that no one is offering additional supplies of gasoline (and we) have at least three or four refineries in California that are down.”

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