Metro gas prices on the rise again, expected to keep climbing

[Sophomore Jinx]

Metro gas prices on the rise again, expected to keep climbing (msn.com)

 

Gas prices in Metro Vancouver are expected to keep climbing at least into Sunday, perhaps going as high as $2.34 per litre, according to price monitoring website Gas Wizard.© Provided by Vancouver Sun

Gas prices in Metro Vancouver are expected to keep climbing at least into Sunday, perhaps going as high as $2.34 per litre, according to price monitoring website Gas Wizard.

Gas prices in Metro have climbed 13 per cent since Tuesday, when gas cost $1.95 per litre. Price hit as high as $2.20 per litre in many parts of Metro Vancouver on Saturday, the most expensive hike since July, according to Kalibrate, a consulting firm that tracks fuel prices.

Petroleum analyst Dan McTeague with Canadians for Affordable Energy told Global News this week that issues in Washington State and elsewhere in the U.S. were contributing to the increase.

“Extraordinarily tight supply on the U.S. west coast made worse by about a week ago the Phillips 66 Ferndale Washington refinery went down for maintenance,” said McTeague.

“This is something a lot of refineries across the U.S. have held off doing, particularly given the strong demand this summer.”

 

As fuel prices increase, drivers start to change their habits, said several experts who spoke with Postmedia.

BCAA’s Evo car share program sees “an increase in usage when gas prices are high,” said Sarah Holland, a communications manager with Evo, via email.

“Our sign-ups are up, the number of trips people take are up, and the length of trips has increased,” Holland said.

She said some Evo users have even sold their vehicles and are using Evos at least partially because of high gas prices.

At car sales website Canada Drives , interest in articles about electric and hybrid vehicles surged alongside gas prices, said Chris Reynolds, vice president of marketing.

“People are seeing that there’s some great options that fit their lifestyle for plug-in hybrids and even electric vehicles,” Reynolds said. “They’re making the move.”

For those who aren’t ready or able to make the switch, Reynolds offered a number of simple tips and techniques to cut down on fuel costs, starting with how often you fill up your tank.

“If you have half a tank and you see the price is low, go fill up. Don’t wait,” he said. “Fill up irregardless of how full your tank is.

“If we’re filling up our car when it’s empty, we don’t have a choice of the price.”

Gas prices typically start to increase on Thursdays, as the weekend approaches, according to Canada Drives.

 

How you drive is just as important — if not more so — than when you fill up your tank, Reynold said, noting that rapid acceleration and hard braking use a lot of gas.

“Don’t drive aggressively,” he said, “drive smoothly.”

“One way to gauge how smooth your driving is by paying attention to your RPMs,” Reynold said. “Keeping it around 3000 RPMs, you’re still going at a fair pace and your car is going through the gears effectively.”

Those people that are aggressively off the line at a green light?

“They’re wasting gas,” he said.

 

Reynold also suggested downloading an app like Gas Buddy , which provides localised prices for gas stations in a user-determined area. Prices are updated by people using the app, which has a large user-base, so the prices are usually the most up-to-date.

“You can literally get a notification on your Gas Buddy app” about price changes, Reynold said.

Other apps, including Waze, the navigation platform, and the BCAA mobile app also include localised gas prices. Since they have fewer users, prices might not be as current, Reynold said.

Reynolds also suggested drivers sign up for rewards programs that offer savings on fuel purchases.

“It is another card for the wallet but it could save you dozens of dollars a year,” he said.

He suggested signing up for two or more programs “that are near your area, for convenience.”

That way drivers will avoid finding themselves in a situation where they are driving extra kilometres just to save a few cents on gas, he said.

Other tips Reynold suggested include keeping car tires properly inflated and making sure to regularly change the oil and air filters, all of which will ensure the vehicle makes the most effective use of the fuel in your tank.

Edited September 25, 2022 by Sophomore Jinx

[Sophomore Jinx]

Just now, Sophomore Jinx said:

Metro gas prices on the rise again, expected to keep climbing (msn.com)

 

Gas prices in Metro Vancouver are expected to keep climbing at least into Sunday, perhaps going as high as $2.34 per litre, according to price monitoring website Gas Wizard.© Provided by Vancouver Sun

Gas prices in Metro Vancouver are expected to keep climbing at least into Sunday, perhaps going as high as $2.34 per litre, according to price monitoring website Gas Wizard.

Gas prices in Metro have climbed 13 per cent since Tuesday, when gas cost $1.95 per litre. Price hit as high as $2.20 per litre in many parts of Metro Vancouver on Saturday, the most expensive hike since July, according to Kalibrate, a consulting firm that tracks fuel prices.

Petroleum analyst Dan McTeague with Canadians for Affordable Energy told Global News this week that issues in Washington State and elsewhere in the U.S. were contributing to the increase.

“Extraordinarily tight supply on the U.S. west coast made worse by about a week ago the Phillips 66 Ferndale Washington refinery went down for maintenance,” said McTeague.

“This is something a lot of refineries across the U.S. have held off doing, particularly given the strong demand this summer.”

 

As fuel prices increase, drivers start to change their habits, said several experts who spoke with Postmedia.

BCAA’s Evo car share program sees “an increase in usage when gas prices are high,” said Sarah Holland, a communications manager with Evo, via email.

“Our sign-ups are up, the number of trips people take are up, and the length of trips has increased,” Holland said.

She said some Evo users have even sold their vehicles and are using Evos at least partially because of high gas prices.

At car sales website Canada Drives , interest in articles about electric and hybrid vehicles surged alongside gas prices, said Chris Reynolds, vice president of marketing.

“People are seeing that there’s some great options that fit their lifestyle for plug-in hybrids and even electric vehicles,” Reynolds said. “They’re making the move.”

For those who aren’t ready or able to make the switch, Reynolds offered a number of simple tips and techniques to cut down on fuel costs, starting with how often you fill up your tank.

“If you have half a tank and you see the price is low, go fill up. Don’t wait,” he said. “Fill up irregardless of how full your tank is.

“If we’re filling up our car when it’s empty, we don’t have a choice of the price.”

Gas prices typically start to increase on Thursdays, as the weekend approaches, according to Canada Drives.

 

How you drive is just as important — if not more so — than when you fill up your tank, Reynold said, noting that rapid acceleration and hard braking use a lot of gas.

“Don’t drive aggressively,” he said, “drive smoothly.”

“One way to gauge how smooth your driving is by paying attention to your RPMs,” Reynold said. “Keeping it around 3000 RPMs, you’re still going at a fair pace and your car is going through the gears effectively.”

Those people that are aggressively off the line at a green light?

“They’re wasting gas,” he said.

[protected-iframe info=”https://vs-postmedia.github.io/fuel-cost-calculator/” height=”640″

Reynold also suggested downloading an app like Gas Buddy , which provides localised prices for gas stations in a user-determined area. Prices are updated by people using the app, which has a large user-base, so the prices are usually the most up-to-date.

“You can literally get a notification on your Gas Buddy app” about price changes, Reynold said.

Other apps, including Waze, the navigation platform, and the BCAA mobile app also include localised gas prices. Since they have fewer users, prices might not be as current, Reynold said.

Reynolds also suggested drivers sign up for rewards programs that offer savings on fuel purchases.

“It is another card for the wallet but it could save you dozens of dollars a year,” he said.

He suggested signing up for two or more programs “that are near your area, for convenience.”

That way drivers will avoid finding themselves in a situation where they are driving extra kilometres just to save a few cents on gas, he said.

Other tips Reynold suggested include keeping car tires properly inflated and making sure to regularly change the oil and air filters, all of which will ensure the vehicle makes the most effective use of the fuel in your tank.

Of course, as per usual, Washington Refinery is quoted as being a culprit in this. Ya, ok, sure.

[Alflives]

Alf drives electric.  

[sonoman]

I was sure it was a combination of the Queens funeral and the Mexican earthquake for the justification of the sudden increase  

[grumpyone]

[nuckin_futz]

The people who write these articles rarely know what they're talking about. Crude oil fell $4/barrel on Friday to the lowest since January 10th. The correlations can take a bit of time to play out but they will.

[JM_]

30 minutes ago, sonoman said:

I was sure it was a combination of the Queens funeral and the Mexican earthquake for the justification of the sudden increase  

Mercury was in retrograde too, so that explains it. 

[Coconuts]

They should just stop saying so much and just say "f*ck you, pay me". At least it'd be more honest. 

[Alflives]

Really expecting 3 bucks per litre soon.  

[Warhippy]

4 hours ago, nuckin_futz said:

The people who write these articles rarely know what they're talking about. Crude oil fell $4/barrel on Friday to the lowest since January 10th. The correlations can take a bit of time to play out but they will.

Reductions of $40 per barrel or so have occurred but prices are still 41% higher now at the prices they were around January 

 

No excuses for it.

 

It can take weeks to months to see even 5 cents worth of price reductions at the pump, but it can jump 10 cents because it's 12:04 pm Saturday afternoon Sept 24th and someone sneezed in Washington.  All of a sudden the gas in the drums at the station is magically worth 10 cents more because why the f**k not.

[DS4quality]

11 minutes ago, Warhippy said:

Reductions of $40 per barrel or so have occurred but prices are still 41% higher now at the prices they were around January 

 

No excuses for it.

 

It can take weeks to months to see even 5 cents worth of price reductions at the pump, but it can jump 10 cents because it's 12:04 pm Saturday afternoon Sept 24th and someone sneezed in Washington.  All of a sudden the gas in the drums at the station is magically worth 10 cents more because why the f**k not.

CERB...caused inflation around the world. So much  so that gas companies had to raise their price 

Edited September 25, 2022 by DS4quality

[Elias Pettersson]

If someone actually believes that gas prices can go up 30 cents a litre in less than a week because a refinery in Washington State is undergoing maintenance then they may need some counseling services.  Zero accountability for this bs from anyone.  God help us all...

[Drakrami]

4 hours ago, nuckin_futz said:

The people who write these articles rarely know what they're talking about. Crude oil fell $4/barrel on Friday to the lowest since January 10th. The correlations can take a bit of time to play out but they will.

There's actually such a thing with refinery shortage. So even if there is enough crude, there's not enough refineries for the crude. Pretty sure the article is written with this prior knowledge. 

[Warhippy]

1 hour ago, DS4quality said:

CERB...caused inflation around the world. So much  so that gas companies had to raise their price 

Wtf

 

You...believe this or?

[Wolfgang Durst]

7 hours ago, Sophomore Jinx said:

Metro gas prices on the rise again, expected to keep climbing (msn.com)

 

Gas prices in Metro Vancouver are expected to keep climbing at least into Sunday, perhaps going as high as $2.34 per litre, according to price monitoring website Gas Wizard.© Provided by Vancouver Sun

Gas prices in Metro Vancouver are expected to keep climbing at least into Sunday, perhaps going as high as $2.34 per litre, according to price monitoring website Gas Wizard.

Gas prices in Metro have climbed 13 per cent since Tuesday, when gas cost $1.95 per litre. Price hit as high as $2.20 per litre in many parts of Metro Vancouver on Saturday, the most expensive hike since July, according to Kalibrate, a consulting firm that tracks fuel prices.

Petroleum analyst Dan McTeague with Canadians for Affordable Energy told Global News this week that issues in Washington State and elsewhere in the U.S. were contributing to the increase.

“Extraordinarily tight supply on the U.S. west coast made worse by about a week ago the Phillips 66 Ferndale Washington refinery went down for maintenance,” said McTeague.

“This is something a lot of refineries across the U.S. have held off doing, particularly given the strong demand this summer.”

 

As fuel prices increase, drivers start to change their habits, said several experts who spoke with Postmedia.

BCAA’s Evo car share program sees “an increase in usage when gas prices are high,” said Sarah Holland, a communications manager with Evo, via email.

“Our sign-ups are up, the number of trips people take are up, and the length of trips has increased,” Holland said.

She said some Evo users have even sold their vehicles and are using Evos at least partially because of high gas prices.

At car sales website Canada Drives , interest in articles about electric and hybrid vehicles surged alongside gas prices, said Chris Reynolds, vice president of marketing.

“People are seeing that there’s some great options that fit their lifestyle for plug-in hybrids and even electric vehicles,” Reynolds said. “They’re making the move.”

For those who aren’t ready or able to make the switch, Reynolds offered a number of simple tips and techniques to cut down on fuel costs, starting with how often you fill up your tank.

“If you have half a tank and you see the price is low, go fill up. Don’t wait,” he said. “Fill up irregardless of how full your tank is.

“If we’re filling up our car when it’s empty, we don’t have a choice of the price.”

Gas prices typically start to increase on Thursdays, as the weekend approaches, according to Canada Drives.

 

How you drive is just as important — if not more so — than when you fill up your tank, Reynold said, noting that rapid acceleration and hard braking use a lot of gas.

“Don’t drive aggressively,” he said, “drive smoothly.”

“One way to gauge how smooth your driving is by paying attention to your RPMs,” Reynold said. “Keeping it around 3000 RPMs, you’re still going at a fair pace and your car is going through the gears effectively.”

Those people that are aggressively off the line at a green light?

“They’re wasting gas,” he said.

 

Reynold also suggested downloading an app like Gas Buddy , which provides localised prices for gas stations in a user-determined area. Prices are updated by people using the app, which has a large user-base, so the prices are usually the most up-to-date.

“You can literally get a notification on your Gas Buddy app” about price changes, Reynold said.

Other apps, including Waze, the navigation platform, and the BCAA mobile app also include localised gas prices. Since they have fewer users, prices might not be as current, Reynold said.

Reynolds also suggested drivers sign up for rewards programs that offer savings on fuel purchases.

“It is another card for the wallet but it could save you dozens of dollars a year,” he said.

He suggested signing up for two or more programs “that are near your area, for convenience.”

That way drivers will avoid finding themselves in a situation where they are driving extra kilometres just to save a few cents on gas, he said.

Other tips Reynold suggested include keeping car tires properly inflated and making sure to regularly change the oil and air filters, all of which will ensure the vehicle makes the most effective use of the fuel in your tank.

that's the price we all have to pay around the globe for the war in Ukraine - sorry for Putin's war - . Canadians are freaking out because of the steep increase in prices but hey what should we do in Germany where the gas prices for heating quadrupled. Wondering what the Canadians would do in case of a quadrupling in prices. Jumping from one of their many bridges in full despair? Only one possibility out of many.

[UKNuck96]

Over in the UK it’s about the equivalent of $2.73 a litre, and that’s dropped from a high of $2.88

[UKNuck96]

12 minutes ago, Wolfgang Durst said:

that's the price we all have to pay around the globe for the war in Ukraine - sorry for Putin's war - . Canadians are freaking out because of the steep increase in prices but hey what should we do in Germany where the gas prices for heating quadrupled. Wondering what the Canadians would do in case of a quadrupling in prices. Jumping from one of their many bridges in full despair? Only one possibility out of many.

Yep same in UK due to stupid brexit on top of post pandemic fallout and war in Ukraine our economy is poised to collapse. That and we have removed most of our gas storage as our solution was North Sea Gas (which is privately owned unlike Norway, so shock horror price rise impacts it as well)
 

Will get a small bounce from budget announcement but won’t last as it never does (73 and 88 budgets led to a bounce then a crash) 

 

we are seeing a large portion of our population already choosing between heat and eat and over winter will be brutal, if we get a bad winter it will result in significant deaths 

[UKNuck96]

2 hours ago, Elias Pettersson said:

If someone actually believes that gas prices can go up 30 cents a litre in less than a week because a refinery in Washington State is undergoing maintenance then they may need some counseling services.  Zero accountability for this bs from anyone.  God help us all...

It’s not BS it’s a case of global demand outstripping current production (opec could  open the taps but why would they) 

 

demand drives up the price and unless the chain is public then these prices will be passed down. The majority of the cost will come from the increased cost of the resource from the extractors not the refining or forecourt prices.

 

however I would imagine like in the UK when prices go up, it’s reflected quickly at the pumps when it goes down it takes a while for it to filter through. 
 

There are reasons such as hedging costs for the future impact pricing today, and when the refined goods are delivered and how frequently a forecourt gets restocked that will cause sole fluctuations though.

 

but ultimately this is direct cause of the embargo on Russian oil. Even if Canada doesn’t use any others have had to get their from other sources and thus driven up the costs for everyone including Canada 

[DS4quality]

1 hour ago, Warhippy said:

Wtf

 

You...believe this or?

Of course not. It would be asinine to believe cerb caused inflation internationally.  But this is what some bozos actually think.

[nuckin_futz]

2 hours ago, Warhippy said:

Reductions of $40 per barrel or so have occurred but prices are still 41% higher now at the prices they were around January 

 

No excuses for it.

 

It can take weeks to months to see even 5 cents worth of price reductions at the pump, but it can jump 10 cents because it's 12:04 pm Saturday afternoon Sept 24th and someone sneezed in Washington.  All of a sudden the gas in the drums at the station is magically worth 10 cents more because why the f**k not.

It works in both directions. Sometimes crude prices move way quicker than gas prices. At the start of the Ukraine invasion crude prices rocketed 37% in a week. Gasoline never rose 37% in a single week, not even close.

 

The discrepancy between how fast crude and gasoline prices rise and fall is referred to as "rockets and feathers". I warn you if you intend to read up on it it's boring as Hell.

 

 

1 hour ago, Drakrami said:

There's actually such a thing with refinery shortage. So even if there is enough crude, there's not enough refineries for the crude. Pretty sure the article is written with this prior knowledge. 

There's enough refining capacity to satisfy current demand. When was the last time you heard of a gasoline shortage? Or for that matter any other refined products such as jet fuel, heating oil, kerosene, diesel?

 

Also I looked up the author of this article. I am pretty sure he did not have this prior knowledge. He has no specific expertise in this field.