Gas prices jumped $0.17 overnight in Prince Rupert ahead of the long weekend. (Shannon Lough / The Northern View)

Gas prices spike in northern B.C. ahead of the long weekend

Fuel went up 17 cents overnight in Prince Rupert

Gas prices in northern B.C. are slowly catching up to the record-high prices at the pumps in other parts of the province.

Overnight, the price of gas in Prince Rupert went 13 per cent, from $128.9 to $145.9 a litre. But that’s still a far cry from the $1.70 in Surrey on the same morning. By the afternoon, it dropped to $138.9 at three of the four gas stations in town. In Terrace, some Esso/Husky stations are at $142.9, in Quesnel $139.9, and $132.9 in Williams Lake.

The yo-yo effect is because gas bars are trying to compete with bigger stations, said GasBuddy.com petroleum analyst Dan McTeague.

“It’s gas bar shenanigans. It’s gas retailers seeing their wholesale price has gone up, and retailers there deeply discounting their gas, selling it below cost and then when there is a small increase on the wholesale side they raise their retail margins and then they add the two or three cent a litre increase so that’s why you see that,” McTeague said in an interview with Black Press Media.

“Gas bars are playing games trying to compete with the big box stores, in particular Costco. So you see that kind of happen in places like Kamloops, you see that in Prince George sooner or later people have to throw in the towel and say we can’t sell gasoline below cost.”

Two days ago, some B.C. cities had record-breaking prices at the pumps. White Rock was up to $1.709 a litre. The reason for this spike was the B.C. carbon tax that was increased April 1, and two major fuel suppliers are under maintenance.

Last April, the Northern View reported on gas prices in Prince Rupert hitting $1.43 a litre, up 20 cents overnight.

READ MORE: B.C. cities break North American gas price record

READ MORE: Gas prices on the rise in Prince Rupert

— With files from Joti Grewal


The Northern View

Send The Newsroom email
Like the The Northern View on Facebook
Follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

LDSS valedictorian Daria Strimbold to represent B.C. for the WE virtual grad party

The event will be hosted by comedian Lilly Singh, on CTV on June 6

Houston mill to re-open June 8

Ends lengthy shutdown which began in March

No fines issued in provincial parks over May longweekend

Activities restricted to day-use only

B.C. government eyes antlerless moose harvest increase in bid to save caribou

Antlerless moose hunts reduce predation for threatened mountain caribou, says ministry

Social distancing at the skatepark — kids style

Kids in the village have taken on board this season of social… Continue reading

‘I’m pissed, I’m outraged’: Federal minister calls out police violence against Indigenous people

Indigenous Minister Marc Miller spoke on recent incidents, including fatal shooting of a B.C. woman

Kelowna Mountie who punched suspect identified, condemned by sister

‘How did he get away with this? How is this justifiable?’

PHOTOS: Anti-racism protesters gather in communities across B.C.

More protests are expected through the weekend

Pair accused of ‘horrific’ assault at Vancouver’s Oppenheimer Park at large

Police say Jason Tapp, 30, and Nicole Edwards, 33, did not show up to meet their bail supervisor this week

No charges to be laid against 22 northern B.C. pipeline protesters

Twenty-two people were arrested in February, but Crown has decided not to pursue charges

‘Great Regional Air Hug’ being organized by the Vanderhoof International Airshow Society

A multi-aircraft flyover over the region is being planned for August 15.

Plan in place for BC Ferries to start increasing service levels

Ferry corporation reaches temporary service level agreement with province

B.C. starts to see employment return under COVID-19 rules

Jobless rate for young people still over 20% in May

Most Read