FORT ST. JOHN, B.C. – Petroleum analyst Patrick De Haan with GasBuddy says gas prices may inch up in B.C. in the days ahead.
Previously, gas prices peaked in March at $1.99 in the energetic city but did trend downward.
Currently, in Fort St. John, gas is sitting at $1.89 per litre, according to GasBuddy.
In Dawson Creek, gas sits between $1.59 a litre and $1.97 a litre. According to GasBuddy, Chetwynd sits at an average of $1.96 a litre.
De Haan says it’s a balance between two major world events that impact oil and gas prices.
“A lot of these top-level issues could change and fluctuate in the weeks and months ahead, and that’s why it makes it very difficult to predict exactly how high it will go,” said De Haan.
He says the fluctuations are, in part, due to the ever-changing situation of Russia going to war with Ukraine.
“A lot of the recent surge has to do with the fact that the EU (European Union) is considering sanctioning Russian oil. The EU is one if not the largest purchaser of Russian oil, and moving forward with those sanctions would certainly throw a balance out the window between global supply and demand.”
He says that on the other side of the balance are COVID-19 numbers surging in China.
“The Chinese have taken to locking down several major cities, which, China is one of the world’s largest oil consumers, so locking down major cities in Chine causes demand to immediately plummet.”
He still encourages drivers to improve their efficiency, saying that driving styles impact fuel consumption.
“I certainly think there’s room for improvement when it comes to driving behaviour, that slowing down a little bit on the freeways and interstates and highways can go a long way.”
Dehaan says that oil last week went up $9 a barrel, gas sits at $1.92 a litre, and diesel is $2.25 a litre.