Vancouver gas prices have reached record high’s as it hit 150.3/litre this morning. According to many analysts prices will hover in this range for quite sometime and may reach 1.60 at some point. These are the highest price levels we’ve seen since spring/summer of 2008, prior to the introduction of the carbon tax. This just adds to Vancouver being the most expensive city in North America.
Highest Gas Prices in Other Canadian Cities as of May 25, 2012
- Abbotsford 134.90
- Calgary 111.90
- Edmonton 106.90
- Toronto 125.90
- New Westminster 151.30
Why are Vancouver Gas Prices So High?
The price of gas, like most things is set by supply and demand. However, in Metro Vancouver we pay the highest taxes at the pump in the country.
- The total tax on gas is 46.174¢ HST + 15¢ Transit Tax. Includes carbon tax of 5.56 ¢/L as of July 1, 2011, according to Canada Gasoline Tax information.
Image CBC News