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Another jump at the pump in Metro Vancouver

Last Updated Sep 28, 2018 at 9:50 am PDT

(iStock Photo)
Summary

'Chronic shortage' on U.S. west coast to blame for latest spike in gas prices

Importing fuel is hitting you in the pocketbook, says analyst

METRO VANCOUVER (NEWS 1130) – Don’t get your hopes up for cheap gas around Metro Vancouver anytime soon, as prices at some pumps have crept back up over the $1.50/litre mark.

You can blame what’s described as by some as a “chronic shortage” on the U.S. west coast. And when you include our gas taxes — you definitely feel the pinch at the pump.

“We’re down to inventory levels we haven’t seen since November of last year. That’s really what’s driving prices up — not just for us, but our American friends to the south,” said Dan McTeague, senior analyst with GasBuddy.com.

He said half of our gasoline is imported, which is hurting you, the consumer.

“We just don’t produce enough to meet our own domestic needs. For that reason, we continue to pay a premium. Bad news in the Pacific Northwest is always shared more disproportionately with us here in Vancouver, which tends to be really the only region in the country that imports gasoline.”

It appears there are no easy solutions.

“For most people, the alternative is simply drive south of the border and save anywhere from $15 to $30 a tankful,” said McTeague.

If you fill up in Metro Vancouver, you are paying the second highest gas taxes in the country, behind Montreal.

Follow @1130gastracker on Twitter for prices across the region.