Gas prices across Metro Vancouver have surged past $2 per litre, reaching approximately 202.9 cents per litre on Sunday. Variations occur based on specific locations throughout the region.
Global Supply Disruptions Drive Increase
Ongoing tensions in the U.S.-Israel conflict with Iran have effectively shut down the Strait of Hormuz, a critical chokepoint for nearly one-fifth of the world’s oil supply. This disruption has propelled global fuel prices to new heights.
Local averages in Vancouver climbed steadily over recent days, rising nearly 20 cents per litre since Thursday. Prices last exceeded $2 per litre back in May 2024.
Price Outlook
Forecasts indicate no immediate changes expected for Monday, as supply challenges persist.
