Gas prices expected to drop in Vancouver this week

Elias Hubbard
August 29, 2017

The epicentre of United States' oil and gas industry is getting slammed by Hurricane Harvey and that's causing some sticker shock in Regina.

Gasoline prices in the Capital Region are up 2 cents in the past week and almost 13 cents above year-earlier prices, according to the latest figures from the AAA Fuel Gauge report.

In the past 24 hours, there has been a big jump in the price at stations across Green Country.

The temporary shutdown of refineries in Texas because of Hurricane Harvey already has prompted wholesale gas prices to rise almost 10 cents per gallon, according to GasBuddy.

As of Monday, a gallon of gas costs between five and 15 cents more than pre-storm, according to experts.

"We stress to motorists to please don't go out and drastically change your spending habits". That's 3 cents per gallon lower than the national average but 14 cents higher than it was in Rhode Island a year ago. Any price increases in Colorado should be short-lived, however. Many facilities were forced to close or shut down parts or all of their operation. "During this time of year prices should be going down since we're leaving the summer season". "In addition, the situation could worsen should more shutdowns or outages happen in the coming week as Harvey continues to drop feet of rain on already flooded Texas".

"There will be ripple effects if gas is routed from Colorado to Texas", McKinley said.

At it's peak of $1.41/litre, McTeague said he was "just amazed at how much more expensive gas was in the Pacific Northwest than it was in the eastern and even central parts of the U.S.".

Other reports by Click Lancashire

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