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

Black Lives solidarity demonstration fills Nanaimo park

Anti-racism protest held at Maffeo Sutton Park on Friday afternoon

Nanaimo RCMP seek help locating missing indigenous youth

Family of William Baker worries he’s in company of people putting him at risk

Nanaimo man wanted on assault warrants

John Bates wanted following two separate incidents from earlier this year

Stz’uminus motivational speaker and musician named ‘emerging cultural leader’ in Nanaimo

Patrick Aleck is among the recipients of the city’s Culture and Heritage Awards

Plan in place for B.C. Ferries to start increasing service levels

Ferry corporation reaches temporary service level agreement with province

‘I’m pissed, I’m outraged’: Federal minister calls out police violence against Indigenous people

Indigenous Minister Marc Miller spoke on recent incidents, including fatal shooting of a B.C. woman

Kelowna Mountie who punched suspect identified, condemned by sister

‘How did he get away with this? How is this justifiable?’

PHOTOS: Anti-racism protesters gather in communities across B.C.

More protests are expected through the weekend

Facing changes together: Your community, your journalists

The COVID-19 pandemic has changed the world in ways that would have… Continue reading

Pair accused of ‘horrific’ assault at Vancouver’s Oppenheimer Park at large

Police say Jason Tapp, 30, and Nicole Edwards, 33, did not show up to meet their bail supervisor this week

No charges to be laid against 22 northern B.C. pipeline protesters

Twenty-two people were arrested in February, but Crown has decided not to pursue charges

B.C. starts to see employment return under COVID-19 rules

Jobless rate for young people still over 20% in May

Parcel stolen from front porch, Nanaimo RCMP looking for suspect

Unidentified woman allegedly stole package containing $400 smart watch

Most Read