Rejoice drivers! Instead of going up even further, Vancouver gas prices will see another significant drop this week.
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According to Gasbuddy.com analyst Dan McTeague, local gas stations will hit 147.9 cents a litre on Thursday. The region will see a three cent a litre drop on Wednesday and another six cent a litre drop on Thursday.
⚠️⛽️Alert: #Vancouver and the Lower Mainland to 👀 a 3 cent/litre drop overnight for Wednesday putting ⛽️ prices down to 153.9 cents per litre FOLLOWED by a 6 cent/litre DROP to 147.9 cts/l for Thursday. Build in PNW fuel supplies & concern over trade sending mkt prices crashing
— Dan McTeague (@GasPriceWizard) June 4, 2019
Vancouver Gas Prices
Back in April, the Canadian Taxpayers Federation started an online petition to scrap the BC Carbon Tax.
“The price of gasoline in B.C. is high because the B.C. government keeps increasing taxes on gasoline and diesel and fighting pipeline expansions” reads the petition.
On April 1st, a price hike for the provincial carbon tax took effect. As a result, this adds a 1.14 cents a litre increase for British Columbians when they fill up their vehicles. What this means is that the carbon tax has increased from $35 per tonne of Co2 to $40 per tonne. In 2018, the first of four annual carbon tax increases took place.
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