Gas prices have reached a record high, 182.9 cents per litre for regular gas at some stations in Vancouver.
If you’re in #NorthAmerica & you find your fuel expensive, just remember it could be worse.. you could be here in #Vancouver #BC where gas is C$1.829/L which is approximately $5.609 a gallon USD.
That said; I could be in Europe!#GasPrices #GasPrice #MostExpensiveInNorthAmerica pic.twitter.com/eo8VdLAigr— Ryan Voutilainen 🇨🇦🇫🇮 (@RyanVoutilainen) February 17, 2022
Will the price continue to rise across Metro Vancouver?
The inflated prices are being credited to simply an issue of supply and demand. With most people returning to the workplace and B.C. universities back to in-person learning, fuel is in exceedingly high demand, with a tight supply.
Do you ever reminisce to the early pandemic days, when it was under 40 bucks to fill up your tank?
We basically don’t have enough gas for the amount that people are driving post-pandemic. Fuel isn’t the only thing in short supply. Canadians can expect to see inflation in other goods and services, like groceries.
The production of crude oil can’t increase at the drop of a hat, so gas prices are likely to continue to climb for the next 3 months. Analysts warn we could see prices as high as 189.9 cents per litre, before spring.
As unfavourable as this all sounds, these high inflation rates are the only option for Canada’s economic recovery, after 2 years of lockdowns and increased globalization (Amazon and online shopping.)
Unfortunately, there’s nothing we can do to control the price at the pumps. However, there are ways to stay more fuel-efficient until spring.
By keeping your vehicle in shape, and monitoring tire pressure, you can improve your mileage, which will save you more money than you think! Especially if prices reach the estimated, 189.9!
Under-inflated tires can lower gas mileage by 0.2%, and having a properly tuned engine can improve gas mileage by an average of 4%.
Until we can produce more oil and gas, check your tire pressure, get a compass card and get ready to hear more complaints from Vancouverites, because we are in for one hell of a ride.