Metro Vancouver gas prices reached an all-time record high this weekend.
On Sunday (Feb.13), several outlets in the region were selling gas for 180.9 cents per litre, which broke the previous record of 176.9 cents set on Feb. 6.
Dan McTeague, the President of Canadians for Affordable Energy (and formerly of GasBuddy.com), predicted that gas prices would reach 179.9 by Sunday.
In early January, the petroleum analyst tweeted that he expected 2022 gas prices to rise an additional 20 per cent between February and May, which will also “hit food prices.”
Gasoline prices rose by roughly $0.14 per litre in the Lower Mainland between Dec. 22, 2021 and Jan. 1, 2022, when they hit $1.69 per litre. Metro Vancouver has seen those kinds of price spikes before, but they typically happen in the summertime, when demand for gasoline is higher, not in the wintertime…read more.