Gas prices jumped by 10 cents in Victoria on Dec. 18. (Black Press file photo)

Price at Vancouver Island pumps not expected to decrease until after Boxing Day

Closure of US pipeline, weather affected barges are factors in the fluctuating price

Victoria gas stations saw prices jump 10 cents per litre on Dec. 18, and analysts don’t expect that cost to go down on Vancouver Island before Christmas.

“Best case scenario, we might see a drop on Monday, but I’m not holding my breath,” Dan McTeague, a senior petroleum analyst for GasBuddy, said. “It’ll be more likely after Christmas and after Boxing Day.”

GasBuddy.com shows prices in the Capital Regional District range from 126.9 — at Costco in Langford — to 139.9 across downtown Victoria. The week before, the gas average rang in at 128.7. Prices have risen since the average of 135.2 in November.

READ MORE: Natural gas rates will go up in B.C. on Jan. 1

The jump was originally predicted to hit the pumps the week before. In Vancouver, prices rose six cents a litre on Dec. 14 and another 11 cents on Dec. 15 — resulting in an average of 148.9.

“Victoria was a bit of a holdout,” McTeague said. “Gas stations had the same notices but decided to wait another four or five days, really have no inventory before they had no choice and began to put up those prices to reflect the increases to them.”

The wholesale prices increased for Vancouver Island and the Lower Mainland because the area’s supply comes mostly from south of the border. The closure of the pipeline in Washington state and the ability for barges to operate in the unruly weather are both factors in the fluctuating price.

“You don’t have enough production in your own backyard to meet demands, so you have to bring it either via the TransMountain Pipeline — which as we know is oversubscribed — or pull from the United States. A problem down there is an even bigger problem for us up here, made no easier by higher taxes on gasoline,” he said.

Typical gas prices around the Island as of Wednesday morning include: 133.9 in Nanaimo, 132.9 in Duncan and Courtenay, and 134.9 in Port Alberni, although scattered stations still had gas available for less.

Gas prices in B.C. currently rank the highest in the country, with an average price of 124.8. The lowest can be found for 99.9 in Manitoba.

READ MORE: FortisBC says you can return to normal gas use following pipeline fire


@KeiliBartlett
keili.bartlett@blackpress.ca

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Best of the City: This year’s winners

Nanaimo News Bulletin presents full results of our 2020 Best of the City readers’ survey

Nanaimo under a thunderstorm watch tonight

Environment Canada forecasts downpour and possible thunder and lightning

B.C. Greens hurrying to get candidates in place for provincial election

No candidates announced yet in Nanaimo, Nanaimo-North Cowichan or Parksville-Qualicum

B.C. reports 91 new cases as officials remain worried over ‘clusters of COVID-19

There have now been a total of 8,395 cases in B.C. since the pandemic began

Canada’s active COVID-19 cases top 10,000 as daily new cases triple over the past month

Dr. Tam repeated her warning to young people, who have made up the majority of recent cases

First 8 months of fatal overdoses in B.C. have now exceeded 2019 death toll

Nine people died every two days in August, BC Coroners Service data shows

Cops for Cancer: COVID-19 can’t stop Tour de Rock

‘having the chance to come back and ride this year means everything to me’

Masks and temperature checks now mandatory to enter Nanaimo’s Woodgrove Centre

Mall says it’s the first in B.C. to put the measures in place

Nanaimo RCMP shut down illegal racing and stunt driving site at Duke Point

Police “swoop in” to seize vehicles and issue violation tickets

Snuneymuxw, province sign land transfer agreement that includes parts of Mount Benson

First Nation sees economic development opportunities through forestry partnerships

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Liberal effort to reset policy agenda panned by rivals as too much talk, not action

Trudeau said it’s ‘all too likely’ families won’t be able to gather for Thanksgiving next month

Most Read