Will you be heading out of town to visit family over the Thanksgiving long weekend?
Metro Vancouverites looking to gas up before they go will have several comparatively cheaper options on Friday (Oct. 8) than they did earlier this week. However, experts say prices may dip again.
According to Dan McTeague, President of Canadians for Affordable Energy, formerly of GasBuddy, Canadians should hold off on buying gas until Saturday.
On Thursday, the petroleum analyst stated that gas prices across the country were expected to drop a couple of cents by Friday and another cent on Saturday.
⛽️ Price ⚠️: HOLD OFF BUYING GAS UNTIL FRIDAY OR SATURDAY
— Dan McTeague (@GasPriceWizard) October 7, 2021
Expecting a 2 cent drop Friday and another 1 cent drop Saturday (except regulated markets like NFLD, NS and NB)
But the dip in prices isn't all good news. Heading out of the long weekend, gas prices in the Lower Mainland are expected to continue to climb.
According to GasBuddy, gasoline prices in Vancouver are $0.34 per litre higher than one year ago at this time.
Thanks to a recovering global economy, weather, government policies and trade spats, a global energy crisis has blown up, mainly in Europe and China, which will have all kinds of knock-on effects.
Because of the rising price of oil, McTeague expects Vancouver’s gasoline prices could hit $1.60 per litre in the coming days.
“Make no mistake, it’s going to 90 bucks a barrel, WTI,” McTeague said. “Some are suggesting 100.”
At US$90 per barrel WTI, McTeague estimates Vancouver gasoline prices would rise to between $1.75 and $1.80 per litre.
Where the cheapest places to get gas are near Metro Vancouver
The cheapest place to get gas heading just outside of Metro Vancouver on Friday (Oct 8) is the Chevron station at 26390 Fraser Hwy Marine Drive in Aldergrove at 154.9 cents per litre.
For Metro Vancouverites, the cheapest place in the region to buy gas Friday is the Fox station at 5894 Marine Dr. in Burnaby at 155.6 cents per litre.
The Husky at 7389 River Rd. in Delta is the third cheapest place to buy gas at 156.9 cents per litre.
Following the Delta station, two Shell and two Husky gas stations offer the best bang for your buck at 157.9 cents per litre.
On Friday, a Chevron at 2706 St. Johns St. in Port Moody offers gas for 158.9 cents per litre.
Finally, another Shell in Surrey and an Esso in Burnaby are offering gas for 159.9 cents per litre.
With files from Nelson Bennett / Business In Vancouver.
