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

Kootenay Boundary firefighters bring life-saving fire safety skills to elementary students

Schools team up with local fire departments for Fire Prevention Week

Three vehicles stolen in Trail area, one linked to shoplifting suspects

Greater Trail police ask vehicle owners to not leave keys in car

Seniors Advocate seeking feedback at Trail meeting

Isobel Mckenzie will be at the Trail Legion for two hours on Friday

GTMHA launches ‘Bring a Friend to Hockey Day’

Greater Trail minor hockey looks for new recruits, register for ‘Bring a Friend to Hockey Day’

Rossland chocolatier plans move to cannabis edibles

Council approves zoning change to accomodate processing facility

Chilliwack woman wins right to medically assisted death after three-year court battle

Julia Lamb has been the lead plaintiff in a legal battle to ease restrictions on Canada’s assisted dying laws

NDP, Liberals promise more spending, while Tories promise spending cuts

Making life more affordable for Canadians a focus in the 2019 election

UPDATE: Police probe third threat against a Kamloops high school in eight days

Police have not released any further details into what the threat includes

Charges dropped against Mountie involved in shooting death of Surrey man

‘I feel like I’ve lost Hudson all over again,’ says mom

B.C. Interior caribou protection area big enough, minister says

Proposals sparked protest in Kootenays, Williams Lake region

Two B.C. women selected to compete on ABC’s The Bachelor

Mykenna Dorn and Alexis Thind will compete for bachelor Peter Weber’s heart

Vaping-related illness confirmed in Ontario believed to be first in Canada

Middlesex-London Health Unit had no further details about the case — believed to be the first confirmed in Canada

Canadian stars Virtue, Moir say in video they’re ‘stepping away’ from ice dancing

The pair thank fans for their support in an emotional message

Woman held at gunpoint during carjacking in UBC parkade

University RCMP say the vehicle is still missing, and two suspects are at large

Most Read