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

Langley conservative activist accused City council of human rights violations over flags

Kari Simpson will complain to the B.C. Human Rights tribunal, she said.

Fines up to $500 for toking up near kids in Langley City

New smoking regulations aim to restrict marijuana use

LETTER: Langley bylaw complaints abused

Writer weighs in on banning a dog from a park for barking too much

Furry tail reunions highlight of pet photos with Santa

One day of picture taking managed to raise more than $1,000 for Langley Animal Protection Society.

O’Neill a homegrown power hitter

Tyler O’Neill of Maple Ridge made his major league debut this past season

VIDEO: Close encounter with a whale near Canada-U.S border

Ron Gillies had his camera ready when a whale appeared Dec. 7

B.C. Lions hire DeVone Claybrooks as head coach

Former Stampeders DC succeeds CFL legend Wally Buono

France shooting: 2 dead, several wounded in Strasbourg

A world-famous Christmas market was put on lock down on Tuesday

Canadian warship witnesses possible violations of North Korea sanctions

Crew members on HMCS Calgary took photos and collected other information

Christine Sinclair named Canadian Women’s player of the year again

This is the 14th time Sinclair has been named player of the year

B.C. man wants trapping laws changed after dog killed

Louis Seguin’s 10-month-old Australian shepherd died in a body-gripping trap last month

Nearly 8,000 homeless in B.C., first province-wide count reveals

Twenty-four seperate counts in B.C. cities found there are thousands of homeless in all corners of province

White Rock to allow dogs on promenade

Plans for a one-year pilot program would continue to ban canines on waterfront from May to August

Most Read