Gasbuddy comox valley
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As the price of gas in the Comox Valley jumped overnight, experts are warning drivers this may be the beginning of a slow and steady rise at the pump throughout the next few months and into the summer. Patrick De Haan, head of petroleum analysis for GasBuddy - an online company that offers real-time fuel prices at various stations across the country - said the increase is due to a perfect storm of events. Twenty per cent of refinery capacity shut down, and the price of oil has surged. As of Tuesday March 2 , most prices at the pumps across the Comox Valley reached De Hann noted within the past year, the price of oil had lowered in addition to lower demands for fuel as fewer people travelled due to the pandemic.
Gasbuddy comox valley
Despite high gas prices at the pumps, Comox Valley motorists can claim they have the lowest gas prices in the province — for now. As of Wednesday, prices across the region were posted at Stations in Vancouver and the Lower Mainland claimed some of the highest prices, sitting at Toews said although other communities — both on Vancouver Island and across the province — have Costco stores, they are not nearly as aggressive with their pricing as they are in the Valley. Additionally, consumers in Metro Vancouver pay a nine-cent transit tax, which is incorporated into the price at the pump. Despite political uncertainty in Iraq and the Middle East, Toews noted Canada does not use oil at the pumps from those countries, but pump price is influenced by world market prices. There could be major increases to the price of gas. Have rising gas prices affected your summer travel plans? Have you had to change or cancel trips because of the cost of fuel, or do you think prices at the pump will drop or remain the same throughout the summer? About the Author: Erin Haluschak. Dialogue and debate are integral to a free society and we welcome and encourage you to share your views on the issues of the day. We ask that you be respectful of others and their points of view, refrain from personal attacks and stay on topic.
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I just filled up for less than 50 bucks. When the price was high, 50 bucks wouldn't fill my tank. Courtenay resident Kari Mathew — recalling the price of gas was cheaper last summer in Williams Lake before she moved to the Valley — received a four-cent discount with a Costco card. Mathew knows several Campbell River residents who have made the trip south to fill jerry cans and "everything they possibly can" to avoid paying While he likes cheap gas as much as the next person, Rice is concerned about established businesses that support the local economy. He's feeling the hurt big time. The Kims have cut the hours of their four employees and lowered their own paycheques to alleviate the problem. Costco provides value for the dollar by taking costs out of its operating structure. In gasoline, the company does not accept Visa or MasterCard, which charges a few cents for every litre of gas. Furthermore, its gas bars are not open 24 hours a day, which saves on employee costs.
Gasbuddy comox valley
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As of Wednesday, prices across the region were posted at Could the TransMountain Expansion help relieve this? As of publication, Victorians are still paying some of the most disproportionately high gas prices in the entire country. Transportation Business. Every litre of fuel consumed on the Island has to be part of a special bespoke batch at the refinery. Older Islanders may fondly remember Payless Gas, an independent chain famed for price wars in the s and s. Submit News Tips Newsletter. Naturally, it would be helpful to gas prices if the Island could top itself up with some of this plentiful, cheap American fuel. However, what it could do is free up space in the existing TransMountain pipeline, allowing more gasoline and diesel to flow westwards. While the Organization of the Petroleum Exporting Countries OPEC is meeting shortly to discuss raising production, he said the situation at the pumps may not get better anytime soon.
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So far in , GST has averaged 6. He suggests that if independent marketers could pool resources to get access to pipeline and terminal space, they could undercut the majors. So, with the average wholesale price for regular gas in Edmonton being Marketers have responded , blending in alternatives from lower-carbon sources in recent years. Last month, Vancouver Island drivers were treated to the unpleasant phenomenon of gas prices jumping an incredible 12 cents in one night. De Hann noted within the past year, the price of oil had lowered in addition to lower demands for fuel as fewer people travelled due to the pandemic. The end result is that Vancouver Island can never just buy some extra gas that America had lying around. One of the main reasons for this is that the TransMountain pipeline is full; even if it only costs 2. Older Islanders may fondly remember Payless Gas, an independent chain famed for price wars in the s and s. Oil companies use the most expensive gas or diesel in their supply pool as the base for their pricing , enjoying high markups on the remaining cheaper-to-buy fuel. I consent to receiving emails from the Capital Daily. Get the news and events in Victoria, in your inbox every morning. Capital Daily Podcast. By Ian King. Naturally, it would be helpful to gas prices if the Island could top itself up with some of this plentiful, cheap American fuel.
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