British Columbia

Canadian gas prices at 7-year low for July long weekend, except in Vancouver

While the rest of Canada enjoys seven-year low gas prices for the July long weekend, B.C. distinguishes itself as being the most expensive.

Gasoline prices in Canada are averaging $1.04 per litre; in B.C., it's $1.20 per litre

Gasoline prices in Canada are averaging $1.04 per litre, 14 cents per litre lower than the 10-year average. (Tina Lovgreen/CBC)

The rest of Canada is enjoying a seven-year low in gas prices this July long weekend, but not, B.C. 

According to research done by GasBuddy.com, gasoline prices in Canada are averaging $1.04 per litre.

But in B.C., the average price for gasoline is $1.20 per litre. In Vancouver, it's $1.29.

"Vancouver will maintain its distinction as being the most expensive jurisdiction for fuel anywhere in North America," said Dan McTeague, a senior petroleum analyst with GasBuddy. 

And unfortunately, said McTeague, that won't change. 

"Taxes have a lot to with that, so does the wholesale price coming out of the Pacific Northwest," he said.

Three factors play into the gasoline market this summer:

  • A downturn in the price of crude, which has hovered around $45 US for the past several weeks.
  • Lower than expected demand for gas as the summer driving season starts. 
  • Large inventories of gasoline in the United States.

But, McTeague said in the Pacific Northwest, there tends to be a supply crunch at any given time. 

"Refiners are always scrambling to produce product for boutique, environmental sensitive regions like Los Angeles and to a lesser extent San Francisco," he said. 

For drivers in Vancouver, the news isn't shocking at all.

"They're always inflated, so not a surprise at all," said Lucas Green.

"You expect it now .... since it's the norm. It's not really anything surprising or that much of a hurt."