Many Lower Mainland drivers running on empty – for now

Posted by Nelson Bennett, biv.vom

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Trans Mountain Corp. last week said it hoped to have the pipeline that provides most of the oil, gasoline and diesel for southern B.C., as well as refineries in Washington state with crude oil, back in operation by now.

And Canadian National Railway (TSX:CNR), which can move oil or refined fuels by rail, had resumed some services as of last week.

But it could take a week or two before the Parkland Corp. (TSX:PKI) refinery in Burnaby is back in full production, one petroleum analyst predicted.

Oddly, though some gasoline stations in B.C. ran out of gas, gasoline prices did not spike in Metro Vancouver the way one might have expected.

Gas prices in Vancouver were averaging $1.60 per litre on November 15, when the three-day rainstorm that cut highways, rail lines and shut down the Trans Mountain pipeline ended.

On November 22, the day Parkland announced it was ceasing its refining operations because it was out of oil, gas prices in Vancouver fell by about $0.02 per litre, according to GasBuddy…read more.