(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.


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Delta heritage banner contest gets new name, expanded focus

The change is intended to inspire more submissions while still having a strong heritage component

Crash in Surrey leaves 1,500 without power

BC Hydro reporting nearly 2,000 without power across Lower Mainland

Surrey RCMP seek suspect in sandwich restaurant robbery

Police say robbery occured last November in Newton

HISTORY: The story of Surrey’s war brides

Love blooms from the ashes of the Second World War

ZYTARUK: What other costumes has Mr. Trudeau in his tickle trunk?

You could call it the #Trudeau Collection™

VIDEO: What you need to know today at the B.C. Games

All 19 events are underway across Kamloops, where five to 10 cm of snow is expected to fall

Maritimes want their own CFL team

Their biggest hurdle is getting a stadium commitment in place

Heavy snow leads to school closures in Greater Vancouver

UBC remains open, but others have cancelled classes and exams

Sask. school shooter to be sentenced as adult

The man was just shy of his 18th birthday when he killed four people and injured seven others

Internet questions PM’s fashion choices in India

The Trudeaus’ eight-day visit has been dogged by various controversies since it began Feb. 17

Adopted potbelly pig killed and eaten on Vancouver Island

Animal had been adopted out from the SPCA in Duncan; staff are devastated by news

WATCH: Walking from Argentina to Alaska one step at a time

Holly “Cargo” Harrison is in Williams Lake, resting a pulled hamstring before he continues on his 15,000-mile walk to Alaska.

Think you can dance?

Aspiring dancers encouraged to sign up for Junior Bombshells program and perform March 17 at Langley Events Centre

BCHL Today: Merritt Centennials keep moving while Salmon Arm Silverbacks slide

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

Most Read