Pumpjacks pump crude oil near Halkirk, Alta., June 20, 2007. Prospects are looking brighter in the Canadian oilpatch as commodity price increases drive higher profits and afford companies room to offer dividend hikes and share buybacks, but slumping stock prices show that the oil and gas sector remains in the penalty box with investors.THE CANADIAN PRESS/Larry MacDougal

B.C. gas prices see long-weekend jump, just as inquiry report to be released

Vancouver will see prices as high as 155 cents per litre

Just as B.C.’s utilities commission is expected to release findings from a probe into high gas prices in the province, many Lower Mainland drivers awoke to a three-cent jump at the pumps.

Prices are expected to increase another two cents per litre on Saturday, to as high as 155 cents a litre through the weekend, petroleum analyst Dan McTeague said on Twitter. The jump is likely due to seasonal maintenance at a Washington State refinery.

Outside of the Greater Vancouver area, per-litre gas prices were roughly 141 cents in Victoria on Friday morning, according to GasBuddy.com. Meanwhile prices were seen hovering around 125 cents in Kamloops and roughly 132 cents in Williams Lake.

GAS PRICES 101: Where B.C. drivers’ pretty pennies are going at the pump

The cheapest gas was spotted in Prince George, prices at 110 cents per litre.

Premier John Horgan called for an investigation into soaring costs at the pump in May, after the price of a litre of regular gasoline climbed above $1.70.

The B.C. Utilities Commission report, set to be made public late Friday morning, is likely to focus on oil companies’ refining margins to explain fluctuations in gas prices.

The commission was tasked with investigating possible price fixing and gouging, as well as details in retail and wholesale prices between Vancouver and other North American cities. The report includes findings from a four-day public hearing where a number of major oil companies testified.


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Algae bloom kills over 200k farmed fish near Tofino

“We’re trying to rebuild fish stocks in Clayoquot Sound and it is disheartening to hear of this news.”

BC Transit plan rolls through public process in Tofino and Ucluelet

“I’m thankful that the residents on the Coast are allowing this process to continue on.”

Ucluelet cancels Harbour Lights Sail Past

“Of course it’s disappointing. It’s one of my favourite community events.”

Campbell River mom’s iPhone containing priceless photos stolen from Victoria hospital parkade

The phone contained photos, heartbeat recordings of her late son

Ucluelet Aquarium wraps up season with release day event

Residents help release charismatic critters on Dec. 7.

‘A loud sonic boom’: Gabriola Island residents recount fatal plane crash

Area where the plane went down is primarily a residential neighbourhood, RCMP say

One man dead after car crash in Nanaimo

One person died, another was injured in the accident which happened Wednesday on Nanaimo Lakes Road

‘Honest mistake:’ RCMP says B.C. cannabis shop can keep image of infamous Mountie

Sam Steele wearing military, not RCMP uniform in image depicted in Jimmy’s Cannabis window

B.C. conservation officers put down fawn blinded by BB gun on Vancouver Island

Young deer found near construction site in Hammond Bay area in Nanaimo, B.C.

Laid-off forest workers converge on B.C. legislature

Loggers call for action on strike, provincial stumpage

B.C. guide fined $2K in first conviction under new federal whale protection laws

Scott Babcock found guilty of approaching a North Pacific humpback whale at less than 100 metres

Feds urge Air Canada to fix booking problems as travel season approaches

The airline introduced the new reservation system more than three weeks ago

Almost 14,000 Canadians killed by opioids since 2016: new national study

17,000 people have been hospitalized for opioid-related poisoning

Chevron move to exit Kitimat LNG project a dash of ‘cold water’ for gas industry

Canada Energy Regulator approved a 40-year licence to export natural gas for Kitimat LNG

Most Read