Vancouver Gas Prices Break All-Time North American Record

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Gas Prices In BC

Just yesterday, experts were calling for Metro Vancouver gas prices to hit yet another all-time high today.

Well it happened.

On Friday morning, local gas stations saw a new record of 168.9 cents a litre.

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While this is an all-time high for gas prices in Metro Vancouver, it’s also a new record for North American gas prices.

On Thursday, before the big jump on Friday, gas pumps hit 165.9 cents a litre.

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

Unfortunately, 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.

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