Metro Vancouver gas prices will hit yet another all-time high tomorrow.
According to Gasbuddy.com analyst Dan McTeague, local gas stations will see a new record of 168.9 cents a litre on Friday.
— Dan McTeague (@GasBuddyDan) April 11, 2019
On Thursday, before the big jump on Friday, gas pumps will hit 165.9 cents a litre.
The sharp increase in gas prices can be attributed to a price hike for the provincial carbon tax that took effect April 1st.
As a result, the carbon tax price hike adds 1.14 cents a litre increase for British Columbians when they fill up their vehicles. What this means is that the carbon tax is increasing from $35 per tonne of Co2 to $40 per tonne. In 2018, the first of four annual carbon tax increases took place.
Vancouver Gas Prices
There’s more bad news for drivers at the pump.
In a couple of weeks, gas stations will be switching over to summer-blend gasoline. This type of gasoline is approximately five cents a litre higher than the gasoline used during the winter months.
A quick search on GasBuddy shows that the cheapest gas price in Vancouver as of Thursday afternoon is 159.9.
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