Motorists in Greater Victoria are feeling the pinch at the pumps more than ever as gas prices soar to unprecedented levels, hitting 239.9 cents per litre on Thursday.
Several stations, including the Petro-Canada at Douglas Street and Hillside Avenue in Victoria, are now charging the record-breaking amount for regular fuel.
It comes months after the region’s gas price hit a record high of 234.9 cents per litre on June 6, which beat the previous record of 232.9 cents per litre set in May.
But one expert warns prices could soar even higher.
GasWizard.ca, a gas price analysis website launched by Canadians for Affordable Energy president Dan McTeague, predicts regular fuel will hit 241.9 cents per litre on Friday.
“These are gas price predictions, but are highly accurate and based on the 30+ years of energy industry knowledge and wisdom…” the website states.
When prices jumped 25 cents to 214.9 cents per litre just last week, John Wilson, owner of Victoria-based Wilson Transportation, told CHEK News it was costing his company an extra $100 to fill up a tank.
In the past, B.C. Premier John Horgan encouraged residents to reduce their travel costs by doubling up on trips to the grocery store, or avoiding unnecessary trips altogether.
“One way people can conserve fuel is maybe look at taking not only public transport, but some private transport for some of their trips as well,” Wilson added in an interview.
He said he was encouraging his drivers to fill up elsewhere, if possible, as investment analyst David Schneider told CHEK News that the Island’s “high-cost structure” makes for some of the steepest gas prices in Canada.
The Canadian Automobile Association (CAA) says the average price for gas in B.C. today is 217.9 cents per litre — the highest price out of any province, as neighbouring Alberta sees the lowest average.
With files from CHEK’s Mary Griffin