{"id":541241,"date":"2026-03-17T00:48:11","date_gmt":"2026-03-17T00:48:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/541241\/"},"modified":"2026-03-17T00:48:11","modified_gmt":"2026-03-17T00:48:11","slug":"gas-prices-surpass-2-per-litre-in-vancouver-and-theyll-continue-to-climb-this-week-analyst","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/541241\/","title":{"rendered":"Gas prices surpass $2 per litre in Vancouver \u2014 and they\u2019ll continue to climb this week: analyst"},"content":{"rendered":"

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Estimated 4 minutes<\/p>\n

The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.<\/p>\n

Gas prices continue to climb across Canada \u2014 but parts of British Columbia are seeing some of the highest prices in the country, reaching over $2 per litre in some areas.\u00a0<\/p>\n

According to the Canadian Automobile Association (CAA), the average price of regular gas across the country was about $1.64 per litre on Monday \u2014 a number people would gladly pay in Vancouver, where the average sat at about $2.02 per litre on Monday.\u00a0<\/p>\n

GasBuddy.com<\/a> showed an average of $1.863 per litre in all of B.C., on Monday. The website noted the cheapest gas in the province was in Creston, where a couple of gas stations listed $1.549 per litre.\u00a0<\/p>\n

High gas prices around the world have been linked to the war in the Middle East, where a major passageway for oil tankers \u2014 the Strait of Hormuz \u2014 is at a standstill.<\/p>\n

Analysts expect the situation to remain that way, meaning gas prices will likely continue to climb in coming days.\u00a0<\/p>\n

\u201cProbably another five to six cents per litre for both gasoline and diesel,\u201d said Matt McClain, an analyst with Gas Buddy.\u00a0<\/p>\n

\"StraitThe Strait of Hormuz is a critical passageway for oiltankers. (CBC Screen Grab From The National)<\/p>\n

While Canada produces its own oil and gas, it is part of a global market, he said, which means its value is dependent on things going on all over the world.\u00a0<\/p>\n

The standstill in the Strait of Hormuz is holding up about 20 per cent of the global supply of oil and gas, he said.\u00a0<\/p>\n

\u201cAnytime you remove any commodity, 20 per cent of it and only 80 per cent remains, you’re going to have an elevated price on the remaining 80 per cent. It can be bananas, it can be beef,\u201d McClain said.\u00a0\u00a0<\/p>\n

Cutting costs<\/p>\n

When gas prices soar, drivers tend to look for ways to minimize their gas usage. McClain said anyone looking for cost-effective fuel should consider filling up in suburban and rural areas, where gas tends to be cheaper.\u00a0<\/p>\n

\u201cTypically in the more urban core, that’s where you’ll find your more expensive gas prices,\u201d he said. The average price of gas<\/a> in Vancouver, for example, was $2.024 on Monday, while the average cost in the Fraser-Fort George Regional District was $1.615.<\/p>\n

The CAA website also suggests accelerating smoothly, reducing speed and combining trips to use less gas.<\/p>\n

Doug Beckett, founder of the Prince George Electric Vehicle Association, says gas prices may be pushing some people toward purchasing EVs.\u00a0<\/p>\n

While drivers are paying upwards of $2 per litre in the Vancouver area, Beckett says he is paying the equivalent of about 18 cents per litre to operate his car.\u00a0<\/p>\n

\u201cI used to pay attention to the cost of gas,\u201d he told CBC\u2019s Daybreak North, adding he didn\u2019t actually know what gas cost at the time of the interview Monday.\u00a0<\/p>\n

Other consequences\u00a0<\/p>\n

All this causes pain at the pumps for individuals, but it will also be hard on businesses who rely on shipping.\u00a0<\/p>\n

The average cost of diesel in B.C. was about $2.22 per litre on Monday, McClain said.\u00a0<\/p>\n

\u201cThat impacts trains. It impacts barges and their tugs, that impacts tractor trailers. They all use diesel for their fuel.”<\/p>\n

Mike Millian, president of the Private Motor Truck Council of Canada, said the high cost of fuel could be the end of the road for some businesses.\u00a0<\/p>\n

\u201cWe’ve seen a bunch of companies exiting the market, bunch of other ones holding on, trying to wait for an uptick in the economy,\u201d he said. \u201cWhat we’ve seen in the last three weeks [with fuel prices] is it’s going to shove up some of them out.\u00a0<\/p>\n

\u201cThis is going to push some over the edge.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Listen to this article Estimated 4 minutes The audio version of this article is generated by AI-based technology.…\n","protected":false},"author":2,"featured_media":541242,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194298],"tags":[49,48,55],"class_list":["post-541241","post","type-post","status-publish","format-standard","has-post-thumbnail","category-vancouver","tag-ca","tag-canada","tag-vancouver"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/541241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=541241"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/541241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/541242"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=541241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=541241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=541241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}