Gas prices predicted to hit new record high in Metro Vancouver

It’s really expensive to do this in Vancouver.

The Canadian Press/Graham Hughes

Gas prices are soaring again in Metro Vancouver, with one industry expert predicting a new record high will be set this week.

Gasbuddy.com petroleum analyst Dan McTeague says gas prices have reached their highest since October, and could go up to 164.9 cents a litre Friday.

McTeague blames the hike in part on a 1.16-cent rise in carbon taxes in B.C., which he says “made a bad situation worse.”

The highest price paid by Vancouver drivers was 163.9 cents on Oct. 13. That record was driven by the Enbridge pipeline explosion north of Prince George that caused a natural gas shortage.

B.C.’s carbon tax was introduced in 2008 and on April 1 went from $35 to $40 per tonne.

Prices will rise again in the summer as TransLink’s regional motor fuel tax on gas and diesel will increase from 17 cents a litre to 18.5 cents a litre.

More to come…


-With files from Postmedia

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