(File photo)

Lower Mainland gas prices could drop by eight cents by Friday

Analyst says under $1.30 per litre could be the new normal this winter

Are you starting to worry about how you’ll be able to afford the price of gas?

Don’t – GasBuddy.com analyst Dan McTeague believes prices at the pump will drop by up to eight cents this Friday.

Prices hit a high of 147.9 cents a litre in Metro Vancouver this week.

“It appears that the high prices are in fact having an impact as more supply is being made available,” McTeague said. “It looks like refiners are coming back online and dropping their prices in order to get more volume sold. Prices have nowhere to go but down.”

Prices are expected to drop by two cents by Wednesday, another five cents by Thursday, and possibly one more cent by Friday, McTeague said.

It’s not a momentary dip in prices, either.

“I think the new normal heading toward Christmas is going to be 1.25-1.30 for Metro Vancouver,” he said.

Prices in the Fraser Valley will continue to sit about 11 cents a litre below the average cost in Metro Vancouver because of the lack of gas taxes.


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Trial underway in marijuana ‘compassion club’ case

Bob Woolsey of Mission says police abused their power in 2015 investigation

Boy, 15, reported missing from Abbotsford

Kailum Staples was last seen on Nov. 10

Freezing rain expected on the Coquihalla

Wet weather expected to cause issues on B.C. highways

PHOTOS: 22nd annual Fraser Valley Bald Eagle Festival

Photographers and onlookers come out to see the spectacle

Mission Christmas Bureau now open

This year’s goal is to top the $100,000 mark to help those in need

VIDEO: Fraser Valley Bald Eagle Festival

This year’s event featured six stops, including viewing points and activity centres.

Whistler venues could see 2026 Olympic action

Calgary is looking to cut down on costs

Michael Buble announced as 2018 Juno host in Vancouver

Awards will celebrate Canadian talent in March

Man who sought refuge in Langley church loses another attempt to clear name

Refugee Jose Figueroa is trying to get a certificate that would say he is not on a terrorist list

BC Hydro issues storm safety tips

Bulletin indicates “electrical contact incidents resulting in serious injury are on the rise.”

B.C. flaggers rally after colleague struck in Okanagan

Traffic Control Personnel respond to colleague being hit in Lavington

UPDATE: Washington Governor Jay Inslee visits B.C.

Premier John Horgan talks trains, trade with southern neighbour

Viral video shows deer killed on Snapchat in Campbell River

RCMP say they have identified those involved and are working with conservation officers

Most Read