Fuel costs in Metro Vancouver are anticipated to stay at or close to record-breaking ranges within the coming days, after reaching a brand new all-time excessive over the weekend.
The value of gasoline rose to 233.9 cents per litre at some stations Sunday, breaking a document for the second day within the row. On Saturday, the value was about six cents decrease, however nonetheless a document excessive on the time.
In accordance with Fuel Wizard, a Canadian gas-price prediction web site, costs might keep at 233.9 on Monday and Tuesday. A warmth map on GasBuddy urged the Better Vancouver area had the best costs within the nation Monday, averaging at 230 cents per litre.
The record-high costs seen in Vancouver and throughout the nation have largely been blamed on Russia's invasion of Ukraine, although different elements – together with inflation, refinery capability, and a current enhance in carbon taxes – have additionally contributed.
"It’s very a lot an indication of the place I feel we will be a minimum of for the foreseeable future, as we head into the summer time driving season, which, for all intents and functions, hasn't actually begun," Dan McTeague, a gasoline worth analyst, advised CTV Information Vancouver over the weekend.
McTeague mentioned Metro Vancouver might see costs attain 250 cents per litre this summer time.
The B.C. authorities is aiming to provide some aid from the excessive costs within the type of a $110 rebate for many ICBC clients. Some residents will see their rebate arrive by direct deposit this month, others will obtain a cheque in June.
However the BC Liberals have condemned the NDP's method, arguing that extra may be finished to offer aid to drivers.
They suggest quickly freezing the provincial gasoline taxes and offering a one-time rebate via the Local weather Motion Tax Credit score, which might be issued July 5. They're additionally calling for a suspension of a 25-cent so-called "hidden import" tax on gasoline delivered to B.C. from Alberta.
"Individuals are actually struggling proper now. They need assistance," mentioned Peter Milobar, the Liberals' critic for finance. "They do not want extra empty phrases from the premier."
With recordsdata from CTV Information Vancouver's Ian Holliday
Post a Comment