Gas prices in Victoria were as high as 164.9 cents a litre on Thursday, breaking an all-time record.

Victoria sees highest gas prices on record

Prices as high as 164.9 cents a litre break 2018 record

Gas prices in Victoria have surpassed an all-time record high.

A number of gas stations were recorded pricing fuel at over 164 cents a litre on Thursday. Before then, the highest recorded average was just last year, when prices were listed as high as 155.7 cents a litre.

GasBuddy.com analyst Dan McTeague said the price jump is likely the result of disturbances south of the border.

He says two Washington refineries are running at reduced rates and a number of California refineries have gone offline, reducing production by as much as two million barrels.

That means foreign oil has to be brought in – driving prices up all along the West Coast – and Victoria is one of the hardest hit.

“It’s having an impact on everyone along the coast,” McTeague said. “It means you have to bring prices higher to attract others to the market.”

READ ALSO: John Horgan says spike in gasoline prices is profit-taking, not taxes

According to GasBuddy, the Shell station on Yates Street and the Shell on Nanaimo Road are sitting at 162.9 cents a litre, while the lowest prices can still be found at the downtown Essos and Petro Canada, both currently charging 153.9 cents a litre.

Todays average of 159.8 is 14.3 cents above last year’s average and 5.3 cents above last week’s.

McTeague says prices may dip slightly in the next 24-48 hours, but he can’t say how long the price jump will last until there are further market indicators.

“After Easter we should start to see prices go back to normal,” he said.

READ ALSO: Lower gas prices help Canada inflation rate slow to 1.4% in January

Like us on Facebook and follow us on Twitter

Just Posted

Many teens unaware if they’re vaping nicotine or not

Health Canada survey finds many youth are unaware of the risks of using nicotine products

UVic partners with harm reduction groups to run a drug checking pilot project

The three-year pilot will allow people to test their drugs for fatal ingredients like fentanyl

Public asked to give feedback on proposed protection measures for southern resident orcas

Measures focus on key threats related to contaminants, lack of prey, noise or physical disturbance

Oak Bay double murder trial enters second week

Defence continues to question police handling of crime scene

Highway 1 just south of Malahat Drive to see lane expansion

Langford stretch between Leigh Road and Westshore Parkway will see additional lane and median

WATCH: Police call Happy Valley shooting an ‘isolated and targeted’ incident

One person in custody, another fled following crash on Kelly Road

Wanted by Crime Stoppers

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

POLL: Do you think the Notre Dame Cathedral in Paris should be rebuilt?

Images of one of the word’s most iconic landmarks were seared into… Continue reading

Woe, Canada: Bruins down Maple Leafs 5-1 in Game 7

No Canadian teams left in Stanley Cup playoffs

B.C. men challenge constitutionality of Canada’s secret no-fly list

Parvkar Singh Dulai says he received a “denial of boarding” notification under the no-fly program last May 17

Murder on B.C. property didn’t need to be disclosed before sale, court rules

Buyer had tried to break contract after learning a man with ties to crime had been murdered there

B.C.’s largest Vaisakhi festival target of threatening Facebook post: Surrey RCMP

Police say they are investigating the posts on Facebook, after local MLA forwarded screenshots

Pug life: B.C. town boasts waggish list of dog names

Freedom-of-information request lists most ‘pupular’ dog names registered in White Rock

VIDEO: Duncan-Nanaimo’s Funkanometry bow out of ‘World of Dance’ with ‘After Hours’ routine

Judges praised them as entertainers, and urged them to work a bit more on their dancing

Most Read