Vancouver Gas Prices Nearing $8 A Gallon — The Highest In North America
Want to fill up in Vancouver, British Columbia? It’ll cost you — a lot.
Gas prices surged to 160.9 cents a liter Sunday morning — about $7.31 CDN per Imperial gallon.
Former Liberal Member of Parliament Dan McTeague, who now heads the petroleum industry watchdog GasBuddy.com, told CBC News that Vancouver has the dubious honor of having the highest gas prices anywhere in North America, from Alaska to Mexico.
“These are the highest prices that we have ever seen here in Vancouver,” he said. “We’re into uncharted territory here and extremely expensive for pretty much everyone.”
Although McTeague says the price spike has its roots in a low Canadian dollar and refinery breakdowns, Vancouver was one of the first cities in Canada to proudly unveil a carbon tax that has continued to escalate year after year. McTeague recently told Vancouver radio station News 1130 that taxes on gas sold in B.C. account for 50 cents of every liter, which is the highest energy taxes in North America.
The province of B.C. is also in an energy war with neighboring Alberta over the construction of the Kinder Morgan Trans Mountain pipeline, something environmental activists and the B.C. government oppose. In retaliation, Alberta introduced legislation last week to restrict oil and gas exports to B.C. that will push up prices even more.
McTeague estimates that the price will continue to rise as summer approaches.
Editor’s note: The second graf has been corrected to note that the cost per litre hit 160.9 cents, not $160.9. The second graf has also been updated to specify that the cost per Imperial gallon is approximately $7.31 CDN.