Gas prices in the Lower Mainland are expected to see a substantial drop Thursday, and no that’s not a joke.
Petroleum analyst Dan McTeague says prices at the pump could decrease as much as 10 cents a litre in some cities, marking the biggest single-day drop in more than a decade for southwestern B.C.
On Wednesday afternoon, the cheapest gas in Vancouver and Surrey was about $1.42 per litre, according to GasBuddy.com, which relies on commuter reports of local gas station prices across the country.
In Abbotsford, where prices don’t include a 17-cent transit tax, a litre went for about $1.30.
⛽️ Price ⚠️: #Vancouver and the Lower Mainland to 👀 a net 10 CENT A LITRE DROP @ the ⛽️⛽️ Thursday. This is the biggest single day drop in over a decade for SW BC
— Dan McTeague (@GasPriceWizard) November 6, 2019
The cheapest gas in the province was at the Costco in Prince George, at $1.09 per litre.
The good news for commuters comes despite the region’s only refinery, Parkland Fuel Corp. in Burnaby, announcing Wednesday that it would shut down for the next eight weeks for scheduled seasonal maintenance.
Parkland vice-president Dirk Lever told a news conference that the 55,000-barrel-per-day refinery is stocking up fuel to be used during the outage, but that won’t last, and plans are in the works to bring product in from nearby refineries.