Get the Top, Local stories delivered to your inbox! Click here to join the daily Vernon Matters newsletter.
'Wild Rid at the Pumps'

‘Wild Ride at the Pumps’

Mar 27, 2019 | 1:43 PM

Gasoline prices are expected to rise in BC and four other provinces next Monday April 1st, which one retail analyst feels will be a sign of things to come this summer.

Dan McTeague from GasBuddy.com says with the HST/GST being levied on the carbon tax, gas prices will likely go up one cent a litre in BC, and about 5 cents a litre in Saskatcehwan, Manitoba, Ontario and New Brunswick.

He is predicting 2019 will be “a wild ride at the pumps for Canadians,” and will turn out to be more expensive than any year since 2014 for gas prices, helped in no small part by an increase in taxes and currency challenges.

“It won’t be a summer to remember at the pump thanks to myriad tax increases that will cost Canadians more every fill-up.”

In addition to rising carbon taxes, McTeague says factors pushing up gasoline prices so far this year include a 35% rise in the price of oil since Christmas and a weaker Loonie in comparison to the U.S. dollar.

He expects gas prices to continue rising before peaking in early summer.

Gas in Vernon today is selling for $1.37.9 a litre, and for $1.36.9 in Kelowna, about 15 cents above the Canadian average.

Prince George has the lowest prices in BC at $1.18.9