Metro Vancouver gas prices could hit 165.9 cents a litre by Saturday. (Ashley Wadhwani/Black Press Media)

Lower Mainland gas prices will hit brief record-high after pipeline blast: analyst

Drivers could see 165.9 cents a litre at the pump

Is your gas tank looking empty? Well, you might want to fill it up – and fast, as the pipeline explosion in Price George is set to push gas prices up to a record-breaking 165.9 cents a litre in Metro Vancouver by Saturday.

But while you should head to the pumps, there’s no need to panic, according to Gas Buddy senior analyst Dan McTeague.

The spike in gas prices is entirely linked to the Enbridge pipeline explosion up near Prince George Tuesday evening, he said, and is expected to calm down by early next week.

READ MORE: Gas prices jump 14 cents across Greater Victoria overnight

READ MORE: Refinery explosion could cause gas price spike in B.C.

“It’s not some doomsday scenario… but we do have to endure a bit of pain,” McTeague told Black Press Media by phone Thursday.

“But people should brace for impact with a four cent increase tomorrow and probably another four cents on Saturday.”

The increase comes because refineries are largely powered by natural gas, McTeague said, as they work to separate raw products in gasoline, diesel and jet fuel.

Gas prices coming back down, he said, is “completely dependent on this pipeline resuming operations.”

The smaller of the two pipelines that Enbridge shut down is already back up and running, and McTeague expects the second one to come online by Monday or Tuesday next week.

“There’s no need to panic and or don’t overstate what this is.”


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Comedy, chicken poop and dancing at Lytton Festival

This year’s festival will honour longtime supporter Shirley James

LETTER: Recreational angling has low-impact on Fraser salmon

Jason Tonelli writes about his displeasure at the call to close recreational fishing on the Fraser

Hope’s Wheeled Wild Women hit the road for cancer research

Group of friends ready for the 200-km bike trek that ends in Hope

PHOTOS: Paintings return to Kilby for fifth annual festival

The Plein Air Festival will be taking place at the historic site all weekend

Cougar spotted in Seabird Island

Residents are asked to report all sightings to conservation

Sts’ailes invites adults to become engaged in Halq’eméylem with new video series

‘Qw’oqwel te Qw’oqwel’ gives language learners an immersive way to learn Halq’eméylem

U16 B.C. fastpitch team named national champs

Girls went undefeated at national tournament in Calgary

Advocates ‘internationalize’ the fight to free Raif Badawi from Saudi prison

Raif Badawi was arrested on June 17, 2012, and was later sentenced to 1,000 lashes and 10 years in jail for his online criticism of Saudi clerics

Canadian entrepreneurs turning beer byproduct into bread, cookies and profits

Some breweries turn to entrepreneurs looking to turn spent grain into treats for people and their pets

Canada ‘disappointed’ terror suspect’s British citizenship revoked

Jack Letts, who was dubbed “Jihadi Jack” by the U.K. media, has been detained in a Kurdish prison for about two years

Chrystia Freeland condemns violence in Hong Kong, backs right to peaceful assembly

There have been months of protests in the semi-autonomous region

Most Read