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FORT ST. JOHN, B.C. – Although gas prices in the Peace have hit record highs, experts say it’s unlikely that the region will see prices above $2 a litre in the immediate future.

While the seasonal change to more expensive gasoline in the summer and a higher demand for fuel play into higher prices at the pumps, head of petroleum analysis at Gasbuddy, Patrick De Haan, says the factor that’s most influential is the conflict between Russia and Ukraine.

“The reality is that U.S. sanctions that haven’t even targeted Russia’s energy are having a profound impact on getting oil out. These sanctions have basically choked off the ability for Russia to even ship oil abroad at this point,” De Haan said.

De Haan says that gas prices will continue to rise in B.C. and beyond and likely won’t drop anytime soon.

“The reprieve will happen either when Russia signs a peace treaty or when demand starts going down, or if the economy starts reacting,” De Haan said.

He added that while some gas stations in Vancouver may see prices at $2 per litre as soon as this weekend, it’s improbable that residents of the Peace will see prices that high.

“There’s a lot of volatility, but I’d be hopeful that you may be able to avoid the $2 a litre mark. It’s not impossible, but it’s improbable,” De Haan said.

According to the Gas Buddy app, fuel prices in Fort St. John currently range from $1.46 – $1.74 for regular fuel.

Prices in Dawson Creek range from $1.48 – $1.73 per litre.



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