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Vancouver gas prices to dip six cents and reach lowest point since January

On Nov. 13, petroleum analysts predicted that residents of the Lower Mainland would see a significant drop in gas prices later in the week. In fact, Dan McTeague, a senior petroleum analyst with GasBuddy.
Elana Shepert
Gas prices are going down according to the think tank at GasBuddy.com. Photo iStock
Gas prices are going down according to the think tank at GasBuddy.com. Photo iStock

On Nov. 13, petroleum analysts predicted that residents of the Lower Mainland would see a significant drop in gas prices later in the week.

In fact, Dan McTeague, a senior petroleum analyst with GasBuddy.com, tweeted about the drop in pricing, stating that they would be the lowest since Jan. 4.

Before this happens, however, there’d be a one-cent increase rise at the pumps on Nov. 14. Following this, he said Thursday will see a six-cent drop, which would make gas prices the lowest since Jan. 4.

Gas Prices

On March 22, gas prices in the province broke a previous record from 2014, when they reached $1.559 per litre.

They broke records again in October, with a number of Lower Mainland stations showing as high as $163.9 cents per litre.

 

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