Wednesday, September 27, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home Gas

Vancouver gas price expected to hit record high

1 year ago
in Gas
Vancouver gas price expected to hit record high
Share on FacebookShare on Twitter


An expert on Canadian gas prices predicts a new record high for the cost of a litre of gas in Vancouver this weekend.

Dan McTeague, president of Canadians for Affordable Energy and a longtime industry analyst, says prices at most stations rose by one cent per litre to 174.9 cents on Saturday, and he’s forecasting another five-cent increase on Sunday.

That would bring the cost of gas at many Vancouver stations to 179.9 cents per litre, which would be the highest average price ever seen in the city – or in any other major Canadian centre.

The current record is 176.9 cents per litre, and was set just last month. At the time, McTeague attributed the spike to unseasonably cold weather, which briefly shut down refineries in Burnaby and Washington State.

“Colder weather has really made a challenge for refineries that are not used to sub-zero temperatures over extended periods of time,” he said at the time. “These are very fragile, very well organized manufacturers, and for that reason, if there’s any variation that’s dramatic, it tends to have that affect.”

On Saturday, McTeague pointed to increased demand for fuel in the U.S. Pacific Northwest, coupled with a rise in the underlying cost of oil, as the drivers of the latest increase.

Oil rose in price by roughly $4 per barrel on Friday, according to McTeague.



bc.ctvnews.ca

Latest Oil News

Texas Justices Consider Company’s Pause on Oil & Gas Payments

Texas Justices Consider Company’s Pause on Oil & Gas Payments

February 1, 2023
Gasoil margins fall on cautious sentiment amid firm oil

Gasoil margins extend losses on cautious sentiment

January 31, 2023
Monitoring Government: EPA tightens oil & gas emission rules

Monitoring Government: EPA tightens oil & gas emission rules

January 30, 2023
Indonesia faces difficult task to create OPEC-like group for nickel

Oil And Gas In For Turbulent Year As Governments And Industry Butt Heads

January 29, 2023
Tags: expectedGashighhitpricerecordVancouver
Previous Post

Alaska Pipeline Operator Eases Oil Cuts As Demand Picks Up

Next Post

This week’s Saskatoon Morning playlist, with Tucker Lane

Related Posts

Texas Justices Consider Company’s Pause on Oil & Gas Payments

Texas Justices Consider Company’s Pause on Oil & Gas Payments

by Oil Market News
February 1, 2023
0

Texas justices on Wednesday weighed whether operators of oil and gas leases can withhold payments without interest under the safe...

Gasoil margins fall on cautious sentiment amid firm oil

Gasoil margins extend losses on cautious sentiment

by Oil Market News
January 31, 2023
0

Asia’s 10 ppm sulphur gasoil margins extended losses for a second consecutive session, as cautious trading sentiment continue to weigh...

Monitoring Government: EPA tightens oil & gas emission rules

Monitoring Government: EPA tightens oil & gas emission rules

by Oil Market News
January 30, 2023
0

Photo: Adobe In November, the U.S. Environmental Protection Agency (EPA) rolled out its supplemental proposed methane emissions rule, primarily aimed...

Indonesia faces difficult task to create OPEC-like group for nickel

Oil And Gas In For Turbulent Year As Governments And Industry Butt Heads

by Oil Market News
January 29, 2023
0

Windfall taxes, price caps, and calls for more oil and gas production marked 2022 in oil and gas. It looks...

Beshear, oil and gas leaders pitch using fossil fuels to make hydrogen fuel in

Beshear, oil and gas leaders pitch using fossil fuels to make hydrogen fuel in

by Oil Market News
January 28, 2023
0

This story is by the Kentucky Lantern, which is part of States Newsroom, a network of news bureaus supported by grants...

Focus on Water & Wastewater Treatment, Oil & Gas, Chemicals & Petrochemicals,

Internet of Things-as-a-Service to Enable Improved Opportunities

by Oil Market News
January 27, 2023
0

DUBLIN, Jan. 27, 2023 /PRNewswire/ -- The "Global Process Gas Reciprocating and Centrifugal Compressor Services Market in the Oil and...

Next Post
This week’s Saskatoon Morning playlist, with Tucker Lane

This week's Saskatoon Morning playlist, with Tucker Lane

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

Chile drives sky-rocketing growth in Argentina gas exports – BNamericas English

Chile drives sky-rocketing growth in Argentina gas exports – BNamericas English

1 year ago
UAE Joins Saudi in Opening Oil Taps as Row With Russia Hits Crude Prices

UAE Joins Saudi in Opening Oil Taps as Row With Russia Hits Crude Prices

1 year ago
Crude awakening: Oil patch lawsuits shift into high gear

Crude awakening: Oil patch lawsuits shift into high gear

1 year ago
Energy Indicators – Dallasfed.org

Energy Indicators – Dallasfed.org

8 months ago
Dr. Oz sides with energy after he received donations from heads of oil, gas business

Dr. Oz After he was presented with donations from the heads of oil and gas

1 year ago
ADVERTISEMENT
Crude Oil Shielded From Bond and Stock Market Rout

Diesel/Russia: oil sanctions help tighten supply for industrial fuel

September 26, 2023

Russia dodges G7 price cap sanctions on most of its oil exports

September 25, 2023

Deep divisions over oil and gas industry role challenge UN climate talks

September 24, 2023

Bets on energy transition spark rise in North American pipeline deals

September 23, 2023

Will oil price rally mean even higher air fares?

September 22, 2023

Russia puts squeeze on oil market with diesel export ban

September 21, 2023

Crude Oil

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

February 1, 2023
Oil rises after U.S. fuel stocks draw down; economic concerns loom

Oil prices settle steady on higher U.S. demand, weaker dollar

January 31, 2023
S&P 500 Down 1%; Crude Oil Drops Over 2%

S&P 500 Down 1%; Crude Oil Drops Over 2%

January 30, 2023
Russia Can’t Replace the Energy Market Putin Broke

Russia Can’t Replace the Energy Market Putin Broke

January 29, 2023

Investing

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

February 1, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Clean-energy investing poised to top money backing oil and gas after hitting a record

January 31, 2023
Crude Oil Shielded From Bond and Stock Market Rout

The Cushing® MLP & Infrastructure Total Return Fund Announces Fund Name Change

January 30, 2023
Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

January 29, 2023

Market

Crude Oil Shielded From Bond and Stock Market Rout

Diesel/Russia: oil sanctions help tighten supply for industrial fuel

September 26, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Russia dodges G7 price cap sanctions on most of its oil exports

September 25, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Deep divisions over oil and gas industry role challenge UN climate talks

September 24, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Bets on energy transition spark rise in North American pipeline deals

September 23, 2023

OPEC

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

February 1, 2023
‘OPEC does not control the price’: OPEC President | OPEC News

‘OPEC does not control the price’: OPEC President | OPEC News

January 31, 2023
OPEC+ Closely Watches Chinese Factory Data

OPEC+ Closely Watches Chinese Factory Data

January 30, 2023
Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

January 29, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.