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BC  

Record-setting gas prices

The Lower Mainland is in line for a record-setting price at the pump.

Metro Vancouver is expecting record high gas prices after an explosion at a natural gas pipeline near Prince George earlier this week.

Prices at the pumps jumped four cents Thursday to 161.9 per litre at several Vancouver gas stations Friday, tying the current record set in April.

GasBuddy.com analyst Dan McTeague expects prices to jump another two cents on Saturday to a historic 163.9 cents.

The spike comes after a 900 PSI natural gas line operated by Enbridge ruptured north of Prince George on Tuesday, forcing crews to take it and a neighbouring pipeline out of commission.

According to McTeague, oil refineries in Canada and the U.S. use natural gas to produce gasoline and have had to cut down on production in the wake of the blast, sending prices at the pumps soaring.

As of 7 a.m. Saturday, gas prices in the Okanagan were 140.9.

- with files from CTV Vancouver



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