Gas prices in Greater Victoria jumped more than 10 cents per litre in a day B次元官网网址� and itB次元官网网址檚 expected to go up by another two cents.
GasBuddy surveyed 95 gas stations in Victoria to find the cost to fill up is still higher than the national average, with current rates up to 149.9 c/l compared to CanadaB次元官网网址檚 127.45 c/l average. The price of gas has increased by 11.5 c/l since Oct. 1 last year.
B次元官网网址淎 lot of gas stations are really holding back on what normally they would charge about 12 c/l, theyB次元官网网址檙e charging about eight as a retail margin, which is pretty skinny,B次元官网网址� Dan McTeague, a senioranalyst for GasBuddy, said. He added that it reflected the state of gas supply across the Pacific Northwest caused by a shortage.
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B次元官网网址淗igh demand, low supply. ThatB次元官网网址檚 really whatB次元官网网址檚 causing the jump here.B次元官网网址�
Although the Canadian Thanksgiving weekend is coming up, McTeague said itB次元官网网址檚 unlikely to make the gas prices go much higher since Americans donB次元官网网址檛 celebrate Thanksgiving until late November.
B次元官网网址淲e have to be mindful that we are very reliant on U.S. supplies for gas. When their supplies are crimped as they were back in March and April because of our own refinery in Burnaby, much of our gasoline is being shipped in from Singapore, Taiwan and other locations other than the Pacific Northwest Washington state refinery,B次元官网网址� McTeague said.
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This year, gas is the highest itB次元官网网址檚 been since 2007. So much of the Canadian supply of gas comes from the U.S., and then taxes imposed since April have added an additional 3.5 c/l increase from the 1.14 cents on carbon tax as well as two cents for ferry service. McTeague said heB次元官网网址檚 keeping his eye on the state of the Canadian dollar in the international market.
B次元官网网址淎 decrease in the value of the Canadian dollar does lead to higher prices at the pumps, not to mention any other commodity,B次元官网网址� he said.
McTeague recommended getting outside of the city to fill up in places like Esquimalt.
@KeiliBartlett
keili.bartlett@blackpress.ca
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