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Apr 4, 2025 8:21 PM - Connect Newsroom

Metro Vancouver Gas Prices Expected to Drop Significantly Soon

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This increase follows the provincial government's decision on Tuesday to remove the 17-cent carbon tax on gasoline.

Gas prices in Metro Vancouver have risen again to $1.80 per litre at the pumps. This increase follows the provincial government's decision on Tuesday to remove the 17-cent carbon tax on gasoline. The rise in prices is being attributed to a fire at a refinery in California, which has disrupted West Coast supplies.

However, GasBuddy analyst Patrick De Haan predicts that gas prices may decrease early next week or even as soon as this weekend. The ongoing trade tensions, particularly due to concerns over Trump's trade war, have raised fears of a potential recession, leading to a decline in crude oil prices. Meanwhile, OPEC+ has increased production, contributing to the expected price reduction. Gas prices at the pumps could drop by 7 to 10 cents on Saturday.

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