Gas prices in Victoria were as high as 164.9 cents a litre on Thursday, breaking an all-time record.

Gas prices in Victoria were as high as 164.9 cents a litre on Thursday, breaking an all-time record.

Victoria sees highest gas prices on record

Prices as high as 164.9 cents a litre break 2018 record

Gas prices in Victoria have surpassed an all-time record high.

A number of gas stations were recorded pricing fuel at over 164 cents a litre on Thursday. Before then, the highest recorded average was just last year, when prices were listed as high as 155.7 cents a litre.

GasBuddy.com analyst Dan McTeague said the price jump is likely the result of disturbances south of the border.

He says two Washington refineries are running at reduced rates and a number of California refineries have gone offline, reducing production by as much as two million barrels.

That means foreign oil has to be brought in – driving prices up all along the West Coast – and Victoria is one of the hardest hit.

“It’s having an impact on everyone along the coast,” McTeague said. “It means you have to bring prices higher to attract others to the market.”

READ ALSO: John Horgan says spike in gasoline prices is profit-taking, not taxes

According to GasBuddy, the Shell station on Yates Street and the Shell on Nanaimo Road are sitting at 162.9 cents a litre, while the lowest prices can still be found at the downtown Essos and Petro Canada, both currently charging 153.9 cents a litre.

Todays average of 159.8 is 14.3 cents above last year’s average and 5.3 cents above last week’s.

McTeague says prices may dip slightly in the next 24-48 hours, but he can’t say how long the price jump will last until there are further market indicators.

“After Easter we should start to see prices go back to normal,” he said.

READ ALSO: Lower gas prices help Canada inflation rate slow to 1.4% in January

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

Gabriola Island poet Naomi Beth Wakan’s latest book is ‘Wind on the Heath.’ (Photo courtesy Elias Wakan)
Former Nanaimo poet laureate revisits past poems in latest collection

Gabriola Island’s Naomi Beth Wakan presents career-spanning ‘Wind on the Heath’

Stock photo
LETTER TO THE EDITOR: Let’s find a cure for potato pox

What happened to the clean-skinned potato of my youth, asks letter writer

An app available through the Vancouver Island Regional Library’s website can help students during COVID times. (Stock photo)
New library app can help families with online learning

Sample tests, virtual flashcards available through Vancouver Island Regional Library’s website

The Nanaimo Clippers in action at Frank Crane Arena in early 2020. (News Bulletin file photo)
Nanaimo Clippers for sale as owner says hockey won’t be back to normal any time soon

Wes Mussio says he’s had numerous inquiries about the junior A club already

Island Health chief medical officer Dr. Richard Stanwick receives a first dose of Pfizer vaccine, Dec. 22, 2020. (B.C. government)
COVID-19 vaccination set to start for B.C. seniors aged 80-plus

Long-term care residents protected by shots already given

Det. Sgt. Jim Callender. (Hamilton Police Service screenshot)
B.C. man dead, woman seriously injured after shooting in Hamilton, Ont.

The man was in the process of moving to the greater Toronto area, police say

Wildlife advocate Gary Schroyen captured this picture of a one-year-old cougar in the Sooke Hills using a homemade trip camera. Vancouver Island is home to approximately 800 cougars, which makes up about a quarter of the total population in B.C. (Gary Schroyen photo)
Wildlife advocate Gary Schroyen captured this picture of a one-year-old cougar in the Sooke Hill using a homemade trip camera. Schroyen presents Animal Signs: The Essence of Animal Communication on Nov. 30. (Gary Schroyen photo)
Declining Vancouver Island cougar populations linked to wolves

Large carnivore specialist says human development still plays biggest role on cougar numbers

Police have identified the vehicle involved in the Feb. 14 hit-and-run in Chemainus and are continuing to investigate. (Black Press Media files)
Police seize and identify suspect vehicle in hit-and-run

Investigation into death expected to be lengthy and involved

(Black Press file photo)
Child in critical condition, homicide investigators probe incident near Agassiz

The child was transported to hospital but is not expected to survive

Sewage plant in Lower Mainland, operated by Metro Vancouver. (Metro Vancouver screenshot)
‘Poop tracker’ launches as researchers test Lower Mainland sewage water for COVID-19

‘Studying the virus in wastewater allows researchers to look at an entire population…’

This poster, spreading misinformation regarding COVID-19 restrictions, has been popping up in communities across Vancouver Island.
UPDATED: Poster popping up in Island communities falsely claiming COVID restrictions are over

Unattributed poster claims COVID restrictions ended March 1; Island Health responds

(Pxhere)
Compensation fund opens for B.C. students negatively affected by incorrect exam marks

Marks for 2019 provincial exams were incorrectly tabulated

Most Read