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

Impaired driver causes power outage in Vanderhoof

Resident did not have power from 2:00 am until 3:17 am

‘It affects everybody:’ Trudeau’s brownface photos worry Wet’suwet’en chief

Skeena-Bulkley Valley Liberal candidate declines to comment on prime minister’s indiscretion

B.C. offers early retirement, training fund for forest workers

Communities eligible for $100,000 for permanent closures

Photo Gallery: Terry Fox Run in Vanderhoof

Residents run to support cancer research

Vanderhoof runners win big at racing event held in Prince George

Brian Nemethy wins the 14 km men’s race for the fourth time and Nolan McCleary secured gold in the 5 km run for the second time.

VIDEO: A moment to remember during the World Lacrosse Men’s Indoor Championship in B.C.

Diego Hernandez Valenzuela’s team lost, but he felt like a winner Saturday

B.C. VIEWS: School officials join fact-free ‘climate strike’

Students, public get distorted picture of greenhouse gases

Handgun crackdown, health spending and transit plans latest campaign promises

Friday was the end of a busy week on the campaign trail

B.C. woman photographs massive ant swarm on Abbotsford driveway

She asked what the ants were doing? The answer: war

Iconic 90s TV show ‘Friends’ celebrates 25th anniversary

The iconic, decade-long television show aired its first episode 25 years ago today

Police arrest B.C. phone scammer linked to illegal call centres in India

Person arrested in Burnaby here on a work visa, says police

Air Canada forced girl, 12, to remove hijab: civil rights group

The San Francisco Bay Area office of the Council on American-Islamic Relations calling for change

Man from Winnipeg who was hiking alone found dead in Banff National Park

RCMP say the man was hiking alone on Mount Temple Thursday

Most Read