The few weeks of cheaper gas prices in the Lower Mainland have come to an end.
Petroleum analyst Dan McTeague announced Saturday that prices are set to hike a record 11 cents overnight to Sunday, building off a six-cent increase overnight Saturday.
Gas Price 🚨 #Vancouver & the Lower Mainland to 👀 a record ⛽️ price HIKE overnight of 11 CENTS/LITRE for Sunday. Average will climb from 137.9 to 148.9 cts/l and builds on today’s 6 cent a litre increase we predicted Thursday. This will remain in effect until at least Wednesday
— Dan McTeague (@GasBuddyDan) December 15, 2018
That’s a total hike of 17 cents in less than 48 hours.
According to McTeague, the reason for the price bump is an unexpected temporary shut down of the Olympic pipeline in Washington state, causing a severe shortage.
McTeague predicts higher prices will stick around until as late as Wednesday.
On Saturday, gas prices in Vancouver were about 133 cents per litre. In Abbotsford, where gas stations due not add a TransLink tax, the cheapest price was 110.9 cents per litre.
Reports indicate regions across the Pacific Northwest will be slightly impacted, including Victoria. There, prices were around 128 cents per litre Saturday.