Gas prices to jump in Nanaimo area following pipeline explosion

By NanaimoNewsNOW Staff
October 11, 2018 - 12:16pm

A petroleum industry expert says gas prices on Vancouver Island are slated to rise by at least eight cents a litre by Saturday.The Canadian Press

NANAIMO — An industry insider is warning Vancouver Island motorists to expect an increase in gasoline prices of at least eight-cents a litre by Saturday.

Gasbuddy.com senior petroleum analyst Dan McTeague said the pending increase is linked to the natural gas pipeline explosion near Prince George.

“It's likely you're going to see prices break into record territories and much of it to do with the fact that refineries (in Washington State) cannot operate efficiently or effectively without their primary source of heat, which is natural gas.”

McTeague said gas prices on Vancouver Island will likely remain inflated for a week or two until the damaged pipeline is repaired.

McTeague expected local gas prices to rise by at least four-cents a litre on Friday and Saturday.

Most gas prices at stations in the Nanaimo area were $1.45 a litre as of early Thursday afternoon, according to GasBuddy.com.

— with files from 97.3 FM The Eagle.

 

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