Gas prices in Metro Vancouver reach another record high

Gas prices have hit another record high in Metro Vancouver, largely due to the Russian invasion of Ukraine.

Gas prices have hit another record high in Metro Vancouver, largely due to the Russian invasion of Ukraine.

Several stations across the region reached 186.9 cents per litre Wednesday morning, the highest price ever recorded locally.

The previous record was set just days prior at 183.9 cents per litre.

Even so, analysts say drivers may still want to fill up, as prices are about to climb even higher.

“Oil and gas are going to continue to be in very high demand and very short supply, which means the only thing it can give right now is our prices, and they will continue to rise,” said Dan McTeague, president of Canadians for Affordable Energy.

McTeague says Metro Vancouver will see a seven-cent jump Thursday, which would bring prices to 193.9 cents per litre.

“I am absolutely convinced now that we will see $2 a litre here in Vancouver, more than likely in the next week or so,” McTeague told CTV News.