If you havenB次元官网网址檛 filled your gas tank recently, you may want to do it sooner than later as prices have risen once again.
The average price at the pump on Vancouver Island is expected to rise, with some stations in Victoria already selling gasoline for nearly 10 cents more than they did over the Canada Day long weekend.
Dan McTeague of the popular GasBuddy website says itB次元官网网址檚 a common misconception that prices rise ahead of a long weekend, and itB次元官网网址檚 usually due to operating margins in many cases as gas stations will hold their prices B次元官网网址 sometimes below cost B次元官网网址 until a competitor breaks the trend, and then everyone matches that new price.
Gas Price 馃毃 seeing 10-15 ct/l jumps @ the 鉀斤笍 reflecting a restoration of lost retail operating margins. Puts to rest myth of prices jumping BEFORE the long weekend
B次元官网网址 Dan McTeague (@GasBuddyDan)
In Victoria the price fluctuated between 155.9 at downtown gas stations and 143.9 at Costco on Wednesday.
Heading up-Island, the prices held steady and moved lower the further north you go.
In Duncan the average price is 148.9, Port Alberni is 143.9, Comox 141.9, Campbell River 145.9, and Tofino at 146.9.
The Politics of Gas Prices
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During Premier John HorganB次元官网网址檚 media availability at the BC Legislature, he was asked about the overnight increase to gasoline prices in some markets, including the Lower Mainland which also saw a spike in price this morning.
Jump in gasoline prices is company profit taking says
B次元官网网址 Tom Fletcher (@tomfletcherbc)
While the BC Liberal Party took the opportunity to slam Horgan over the recent gas tax with Andrew Wilkinson saying the government B次元官网网址渟hould be reducing costs for driversB次元官网网址, McTeague took it one step further calling HorganB次元官网网址檚 answer B次元官网网址渃luelessB次元官网网址, before pointing out that WednesdayB次元官网网址檚 spike was more due in part to the price of oil rising nine dollars in the past 10 days.
Clueless. I guess the near $9 a barrel jump in WTI in the past 10 days (from $65 a barrel to $74 a barrel) is just plain old gouging. Your Premier is clearly disconnected from reality
B次元官网网址 Dan McTeague (@GasBuddyDan)
Earlier this year prices at the pump rose to their highest levels on Vancouver Island in a decade, topping out at 154.9 in Victoria in April.
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