Another day, another record we shouldn’t be happy about. On Sunday, Metro Vancouver gas prices hit an all-time high for North America.
Well, prices are set to go even higher tomorrow.
According to Gasbuddy.com analyst Dan McTeague, local gas stations will see a new record of 171.9 cents a litre on Wednesday.
Going up another cent to 170.9 at all stations in Metro Vancouver on Wednesday, so you will see a couple of gas bars charge 171.9 cpl. These stations just don’t want any business 😉 https://t.co/vV3S7Q1WUc
— Dan McTeague (@GasPriceWizard) April 16, 2019
The sharp increase in gas prices can be partially 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.com shows that the cheapest gas price in Vancouver as of Tuesday morning is 159.9.