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

Just Posted

Northbound lanes re-open along Malahat after small rockslide near Goldstream

Drivers asked to use caution, clean-up crews have finished on-site

Nearly 80 incredible artists, one extraordinary Vancouver Island tree

Bateman gallery’s OneTree 2019 honours the life of a single, tree salvaged from the Chemainus Valley

Flyers hockey program inducted into Sports Wall of Fame

Junior B teams attracted huge crowds in the early days of Fuller Lake Arena

Nanaimo-Ladysmith school district starting from scratch on testing water for lead

Health Canada changed acceptable levels to 0.005 mg/L in March, prompting re-testing at schools

49th Parallel invests in their employees leadership potential

49th has sponsored 22 employees to go through the Leadership Vancouver Island program

Teen with cancer whose viral video urged Canadians to vote has died, uncle tweets

Maddison Yetman had been looking forward to voting in her first federal election since junior high school

BC SPCA seeks help after senior cat attacked by dog twice

Nine-year-old tabby named Meow Meow will need her front leg amputated

B.C. woman ordered to return dog to ex-boyfriend for $2,000

After the two broke up, documents state, they agree to share custody of the dog, named Harlen

Abbotsford police chief mulls more enforcement of homeless lawbreakers

‘When all else has failed we have to hold people accountable,’ Police Chief Mike Serr tells council

Striking Vancouver hotel workers, employer reach ‘tentative’ agreement

Employees of the Rosewood Hotel Georgia have been out at picket lines since talks broke off on Sept. 21

RCMP cut free activists chained to Kelowna bank, placed under arrest

The group is protesting Interior Savings Credit Union’s support of Kelowna Ribfest

Cold, stormy winter forecast across much of Canada, The Weather Network predicts

In British Columbia temperatures will be slightly above normal and precipitation will be just below normal

Cell phone tickets worse tax grab than speed limits, SenseBC says

Distracted driving statistics questioned as B.C. tickets pile up

Rowing Canada, UVic investigate celebrated coach for harassment, abuse

Lily Copeland says she felt intimidated and trapped by Williams

Most Read