Only one more work day to go before we officially start the long weekend and we have some exciting news to kick it off! Every year, the July long weekend is filled with fun, friends, and travel. So thankfully, Metro Vancouver gas prices are hitting a two-year low just in time for the long weekend.
Gas prices in Canada have been absurd this year. About two months ago, Canadian gas broke records when Vancouver prices were categorized as being the highest ever seen in all of North America.
Thankfully, things took a slight dip as prices in BC went down by 40 cents per liter just two weeks ago. But now, prices are dropping even more just in time for your Canada Day long weekend travels.
According to Global, gas prices in Vancouver will be hitting a two-year low. Heading into the long weekend, people in Metro Vancouver can expect to pay about 12 cents below the average amount for this time of year.
Fuel price analyst Dan McTeague, previously with GasBuddy, told Global that prices were averaging about $1.47 per liter in Metro Vanouver. According to the GasBuddy website, some places are now as low as $1.30 in Vancouver, and in Abbotsford, gas is as cheap as $1.17 per liter.
While gas prices in Metro Vancouver may have hit a two-year low for the long weekend, these prices are still some of the highest in Canada. According to the GasBuddy website, Alberta has the cheapest gas with an average cost of $1.09 per liter.
This dip in prices is a good thing for many reasons. According to a recent study, nearly one-third of Metro Vancouver residents said that gas prices would directly affect their Canada Day travel plans. Now that prices are reasonable, there is a higher chance that people will go out and do things.
Earlier this year, a survey was conducted and it concluded that one in three BC residents could not afford the expensive gas. The study even found that some people were opting to use public transit instead of driving due to the expense. Gas prices were so high, that two in every five Canadians (44%) were claiming that prices were making it harder to afford necessities.
At one point in time, gas prices in BC were so high, that 60% of Canadians were considering purchasing a more fuel-efficient vehicle to save money.