(File photo)

Lower Mainland gas prices could drop by eight cents by Friday

Analyst says under $1.30 per litre could be the new normal this winter

Are you starting to worry about how you’ll be able to afford the price of gas?

Don’t – GasBuddy.com analyst Dan McTeague believes prices at the pump will drop by up to eight cents this Friday.

Prices hit a high of 147.9 cents a litre in Metro Vancouver this week.

“It appears that the high prices are in fact having an impact as more supply is being made available,” McTeague said. “It looks like refiners are coming back online and dropping their prices in order to get more volume sold. Prices have nowhere to go but down.”

Prices are expected to drop by two cents by Wednesday, another five cents by Thursday, and possibly one more cent by Friday, McTeague said.

It’s not a momentary dip in prices, either.

“I think the new normal heading toward Christmas is going to be 1.25-1.30 for Metro Vancouver,” he said.

Prices in the Fraser Valley will continue to sit about 11 cents a litre below the average cost in Metro Vancouver because of the lack of gas taxes.



Like us on Facebook and follow us on Twitter.

Just Posted

VIDEO: Teen girl sent to hospital after fight stemming from house party

A witness said there were dozens of teenagers screaming and arguing in the parking lot after the incident

Pink’s Comedy Club to open at Surrey’s Flamingo with Ivan Decker show

Opening-night event April 12 at King George Boulevard venue

Free parking not in the cards for Fraser Valley hospitals

Chair says board may look at ways to make parking easier, but not free

Man dies while being taken into custody in South Surrey neighbourhood

The Independent Investigations Office of B.C. has opened an investigation into the incident

Driver sought in connection with South Surrey hit-and-run

Police say 38-year-old pedestrian suffered serious, but not life-threatening injuries

VIDEO: All-midget wrestling shows in Cloverdale, Chilliwack this weekend

Company boss Short Sleeve Sampson: ‘It’s midget wrestling, and it’s always been midget wrestling’

BCHL Today: Surrey Eagles in the driver’s seat and Ethan Martini takes a seat

BCHL Today is a (near) daily look at what’s going on around the league and the junior A world.

New Liberal bill would tighten controls on sale, licensing of firearms in Canada

Measures are intended to assist police in investigating gun trafficking and other crimes

Murder charges upgraded for B.C. man accused of killing wife and daughters

Crown approved new information on Jacob Forman’s file

5 to start your day

Some puppies need naming, a police-involved death in South Surrey and more

Janet Austin announced as B.C.’s new lieutenant governor

Austin has served as YWCA Metro Vancouver CEO since 2003

Ex-French president Sarkozy in custody on Gadhafi claims

Former French President Nicolas Sarkozy was placed in custody as part of an investigation that he received millions of euros in illegal financing

Hockey pioneer Kwong dies at 94

Vernon’s Larry Kwong was the first player to break NHL colour barrier in 1948

Most Read