Home Gas effect Gas prices continue to climb in Vancouver

Gas prices continue to climb in Vancouver


On Sunday, Vancouver hit a sky-high price of nearly $2.37 a litre.

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Gasoline prices continued their upward trend across much of Canada over the weekend and experts are warning more increases are to come next week.

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National average gasoline prices hit about $2.06 on Sunday, up nearly three cents from the previous day and 11 cents higher than a week ago, according to the Canadian Automobile Association. .

“We’re seeing gasoline price records broken repeatedly across the country,” said Dan McTeague, president of Canadians for Affordable Energy.

On Sunday, Vancouver hit a jaw-dropping near $2.37 per liter over the weekend, while Montreal posted gasoline prices of just $2.24 per litre, according to Gas Wizard, which is run by McTeague.

St. John’s reached $2.23 and Toronto approached $2.15 for a liter of regular unleaded gasoline.

Fuel prices are expected to climb another three cents in the coming days, he said, with average gasoline prices expected to hit $2.12 a liter nationwide by late Monday.

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In the Atlantic provinces, where gas prices are regulated, McTeague said regulators could use so-called blackout clauses to introduce midweek price hikes.

Gas prices have risen rapidly over the past year as tight global supplies have been made worse by Russia’s invasion of Ukraine.

Prices have also been pushed higher by strong demand as the economy reopens and a busy travel season begins.

“Prices continue to rise, reflecting summer demand,” McTeague said. “Fuel demand continues to be very robust.”

Rising gas prices are aggravating the economic impact of inflation on Canadians.

Rising fuel prices have repercussions throughout the economy, driving up the prices of most goods and hurting consumer confidence.

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“Energy prices have a cascading effect on the price of food and other goods,” McTeague said.

In a statement, the CAA offered Canadians tips on how to improve the fuel economy of any car.

The organization said motorists should drive carefully and avoid “jack rabbit” starts, rapid acceleration and hard braking, which can reduce fuel economy by 15-30% at highway speeds and 10 40% in traffic jams.

Additionally, the CAA said drivers should minimize what’s known as cold engine running, which means drivers should start the engine and then drive the car normally to warm up the engine.

The CAA said that following speed limits, removing unnecessary items from your vehicle, using cruise control to minimize speed fluctuations on highways, and preventing excessive idling also help reduce fuel consumption.

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