B.C. gas prices skyrocketing
Mideast troubles and seasonal pattern combining to pressure prices up
CBC News
Posted: Mar 5, 2011 10:46 AM PT
Last Updated: Mar 6, 2011 3:49 PM PT
Related
People living in southern B.C. might find it an opportune time to head south of the border this weekend to fill up their gas tanks.
The Lower Mainland is seeing prices topping $1.33 per litre at some gas stations.
But in Washington, you can still fill up for anywhere from 94 cents to a $1.04 per litre.
A seasonal pattern is part of the reason for the price increases, according to Jason Toews, co-founder of the website GasBuddy.com.
"This time of year, we always see gas prices rising late February, early March," said Toews. "We always see prices rising in advance of summer driving season."
The growing instability in the Middle East is a big factor, too, said University of British Columbia business professor Ambarish Chandra.
"Libya is a small contributor to the world production of oil, but it is a contributor, so some of that is less oil in the world, so the price has to go up everywhere," said Chandra.
"We don't import oil from the Middle East, Libya in particular, but Canadian producers are going to pursue the same world price of oil they get in other countries and so the price in Canada will rise."
Gasoline hit $1.33 in some parts of Vancouver Friday. CBC He said it's no surprise that gasoline is almost 40 cents per litre cheaper in Blaine, Wash., than it is in Burnaby, B.C.
"The States are just cheaper. They don't tax gasoline or most energy sources the way we do in Canada and in turn we don't tax at the same level [as] Europe."
With files from the CBC's Priya RamuShare Tools
Latest British Columbia News Headlines
- Ryder Hesjedal wins prestigious Giro d'Italia
- Victoria native Ryder Hesjedal has become the first Canadian to win one of the cycling world's three Grand Tour events, wrapping up the 2012 Giro d'Italia with an excellent performance in the final stage in Milan. more »
- Surrey RCMP seek hit-run driver
- Police are looking for a light-coloured Chrysler with damage to the driver's front side after a pedestrian was hit in Surrey, B.C., early Sunday morning. more »
- B.C. man who scaled Everest returns home
- A Vancouver man who climbed the world's highest mountain is back home and talking about the adventure. more »
- Fort Langley restaurant damaged in fire
- A sushi restaurant in Fort Langley, B.C., was damaged in a fire early Sunday morning. more »
Top News Headlines
- Canadian Pacific strikers face back-to-work legislation
- Labour Minister Lisa Raitt is prepared to end the Canadian Pacific Railway strike if necessary, after both CP and the union rejected a proposal for voluntary arbitration by the government-appointed negotiator on Sunday. Raitt says she is "extremely disappointed." more »
- Syrian regime denies role in Houla massacre
- The UN Security Council condemned the Syrian regime at an emergency meeting Sunday, holding president Bashar al-Assad's military responsible for the massacre of more than 100 people, dozens of whom were children younger than 10 years old. more »
- Ryder Hesjedal wins prestigious Giro d'Italia
- Victoria, B.C., native Ryder Hesjedal has become the first Canadian to win one of the cycling world's three Grand Tour events, wrapping up the 2012 Giro d'Italia with an excellent performance in the final stage in Milan. more »
- Neighbour may have helped find missing kids in Mexico
- Two Winnipeg children who had been missing for nearly four years were found in Mexico after a man raised concerns about his neighbour, according to a private investigator. more »
- B.C. NDP calls for unity in fighting coast guard closure
- Surrey RCMP seek hit-run driver
- B.C. man who scaled Everest returns home
- Fort Langley restaurant damaged in fire
- Passengers' families sue for fatal B.C. plane crash
- B.C. Coast Guard Auxiliary gets new name
- Tsunami motorcycle heading to Harley museum
- Psych ward escapes worry neighbours
- Gang forum honours Surrey 6 victim

