Gas prices hit $1.41 high in Vancouver
CBC News
Posted: Feb 24, 2012 8:26 AM PT
Last Updated: Feb 24, 2012 6:49 PM PT
Related
Related Stories
External Links
(Note:CBC does not endorse and is not responsible for the content of external links.)
Gasoline prices shot up in Vancouver early Friday, hitting $1.41 a litre at many stations – the highest in Canada according to the website Gasbuddy.com.
Industry analysts blame tensions in the Middle East over Iran, rising demand in India and China and shutdowns at oil refineries on the east coast of the United States. Many industry watchers are predicting prices will spike higher this summer.
Crude oil futures were up 64 cents US to $108.47 a barrel in New York trading Friday. That's a nine-month high.
According to Gasbuddy.com, which uses consumer feedback to track the price of gas across Canada and the United States, the lowest average price is $1.09 a litre in Edmonton, but some stations in that city are selling gas for as little as $1.05.
In Wyoming, drivers are paying as little as $2.84 per U.S. gallon, or about 75 cents a litre. The average gas price in the U.S. on Friday was $3.61 a gallon. That's up about eight per cent in the last month.
Share Tools
Latest British Columbia News Headlines
- B.C. mine's temporary foreign workers case dismissed
- The Federal Court of Canada has dismissed a challenge launched by two unions against a company that hired more than 200 temporary workers from China for its coal mine in northeastern B.C. more »
- B.C. girl killed after 11-year-old crashes jeep
- A 12-year-old girl was killed after a jeep driven by an 11-year-old girl flipped over on a forestry road in northern B.C. on Friday. more »
- Illegal tree cutting nets charges for arborist, homeowners
- Two homeowners and an arborist in North Vancouver have been charged with illegally cutting down trees in a North Vancouver park to improve their views. more »
- Emmanuel Arceneaux happy to be back with B.C. Lions
- The B.C. Lions announced Tuesday that Emmanuel Arceneaux has reached an agreement to return to the team after spending time on NFL rosters. more »
Must Watch
Top News Headlines
- Senate to debate expense audits amid greater scrutiny
- The expenses scandal is dominating the first Senate session since the audits on senators Mike Duffy, Mac Harb and Patrick Brazeau were released and it was revealed Duffy's questionable expenses were repaid by a personal cheque from the prime minister's chief of staff. Follow our live blog. more »
- Search for deadly Oklahoma tornado survivors nears end
- The search for survivors and bodies following the most powerful type of tornado in an Oklahoma City suburb that levelled a school and killed at least nine children on Monday is almost over. more »
- Deadly Oklahoma tornado confirmed as most powerful type
- Emergency workers neared the end of their search Tuesday afternoon for survivors in Moore, Okla., following a deadly tornado that weather officials said was now classified among the most powerful type of twister. more »
- Only 1 set of human remains found at Millard farm, police say
- Hamilton police have confirmed that they are dealing with only a single set of human remains at the Waterloo region farm of Dellen Millard. more »
- Rob Ford faces more calls to address crack allegations
- Toronto Mayor Rob Ford went back to work after a holiday weekend, but he kept his mouth shut about an alleged video that two published reports say shows him smoking what appears to be a crack pipe. more »
- Canadian on EI shut out amid foreign worker influx
- B.C. girl killed after 11-year-old crashes jeep
- B.C. man feared kidnapped in Mexico
- Motorcyclist dead after head-on crash on Lions Gate Bridge
- B.C. co-op fights federal 'local' food guideline changes
- Drug users sue Abbotsford over anti-harm reduction bylaw
- Illegal tree cutting nets charges for arborist, homeowners
- Traffic circle accidents worry Kitsilano residents
- B.C. mine's temporary foreign workers case dismissed
