Gas Prices Drop in Metro Vancouver; Analysts Expect Further Decline

Gas prices at pumps in Metro Vancouver have decreased, ranging from $1.61 to $1.70 per litre. Analysts predict that gas prices will continue to fall.

Patrick De Haan, head of petroleum analysis at GasBuddy, stated that the recent decline in gasoline prices is due to the end of the carbon tax.

According to GasBuddy, gasoline prices in Vancouver have dropped by about 25 cents per litre in the past week. On Sunday, the average price in the province was 19.1 cents lower than the same day last year. Similarly, gasoline prices in Vancouver have decreased by 43.9 cents compared to last year.

De Haan explained that economic uncertainty, triggered by US tariffs on various countries, has caused oil prices to fall to levels similar to those during the early days of the pandemic.