The gas prices Greater Victoria drivers saw this winter may not be coming back for a while.
Gas prices at some stations in Victoria have gone from 125.9 cents per litre to 133.9 cents per litre, an eight-cent difference.
According to GasBuddy senior petroleum analyst Dan McTeague, the increase is reflecting big changes in the Pacific Northwest market.
“Wholesale prices for gasoline have been rising in the last couple of days,” McTeague said. The price jumped to $1.63 a gallon USD this week.
He added that this means gas stations are increasing their retail margins to make up for the increase
McTeague said the price is likely to hold for the remaining future before there are more spikes in the summer.
⚠️⛽️ ALERT: #GasPrices are rising 8 cents a litre today to 133.9 cts/l I’m #Victoria The increase is likely to hold.
— Dan McTeague (@GasBuddyDan) February 28, 2019
The rest of Vancouver Island and Vancouver are also expected to see a price jump this week