“Without it, their output is curtailed,” he added. “That has caused a 30-cent-a-gallon increase in PNW market gas prices, which in turn is leading to a 4 cent/litre hike at the pumps for Vancouver drivers tomorrow.”
Gas prices jump 14 cents across Greater Victoria overnight
McTeague said Friday’s price hike will be followed by another two to three cent hike for Saturday.
Metro Vancouver gas prices predicted to reach $1.659 cents per litre
“That could put us on course to gas prices going to 161.9 cents/litre tomorrow and then up another two cents to 163.9,” he noted.”That would be a record price. ”
Gas Price ? #Vancouver and the Lower Mainland to ? a 4 ct/l BUMP @ the ???? tomorrow, pushing prices up to 161.9 cpl in MetroVan, with another 3-4 cents a litre increase likely for Saturday
NANAIMO — An industry insider is warning Vancouver Island motorists to expect an increase in gasoline prices of at least eight-cents a litre by Saturday.
Gasbuddy.com senior petroleum analyst Dan McTeague said the pending increase is linked to the natural gas pipeline explosion near Prince George.
Its likely youre going to see prices break into record territories and much of it to do with the fact that refineries (in Washington State) cannot operate efficiently or effectively without their primary source of heat, which is natural gas.
McTeague said gas prices on Vancouver Island will likely remain inflated for a week or two until the damaged pipeline is repaired.
Most gas prices at stations in the Nanaimo area were $1.45 a litre as of early Thursday afternoon, according to GasBuddy.com.
The ruptured pipeline started a massive fire, and may affect up to 700,000 FortisBC in the province.