{"id":678264,"date":"2026-05-18T21:19:09","date_gmt":"2026-05-18T21:19:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/678264\/"},"modified":"2026-05-18T21:19:09","modified_gmt":"2026-05-18T21:19:09","slug":"metro-vancouver-gas-prices-jumped-ahead-of-may-long-weekend","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/678264\/","title":{"rendered":"Metro Vancouver gas prices jumped ahead of May long weekend"},"content":{"rendered":"

Analysts at GasBuddy.com say average gas prices increased by 5 cents per litre in the past week.<\/p>\n

As of Sunday, the average price for a litre of regular gas in the Vancouver area was $2.17.<\/p>\n

That amounts to 46.7 cents more than the same day one year ago.<\/p>\n

The national average is currently at $1.87, a jump of 2.9 cents compared to last week.<\/p>\n

GasBuddy adds that the average price for a litre of regular gas has fluctuated \u201cwidely\u201d over the last five years.<\/p>\n

While the prices at the pump were $1.53 in 2021, they rose to $2.30 in 2022 and fell again the following year to $1.83.<\/p>\n

The 2022 price tag was also the all-time high record for Metro Vancouver, which is just 13 cents short of the current average price at the pump.<\/p>\n

Analysts at GasBuddy.com also say that this record could be potentially reached under the current global dynamic, with the conflict in Iran still ongoing.<\/p>\n

\u201cHopes that diplomatic progress between the U.S. and Iran could ease supply concerns faded after President Trump\u2019s meeting with China\u2019s Xi Jinping failed to produce a breakthrough on Iran, while renewed warnings toward Tehran have helped push oil prices higher again,\u201d said head of petroleum analysis Patrick De Haan.<\/p>\n

\u201cWith global oil inventories continuing to trend toward historically tight levels, markets remain highly sensitive to geopolitical developments and potential supply disruptions. As a result, gasoline and diesel prices are likely to remain volatile, and any sustained increase in oil prices could begin pushing retail fuel prices higher across Canada in the weeks ahead.\u201d<\/p>\n

\t\tKeep it Factual<\/p>\n

Add CityNews Vancouver as a trusted source on Google to see more local stories from us.<\/p>\n

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