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Gas prices in Metro Vancouver hit $2.04 per litre on March 16, 2026, due to Middle East tensions and supply disruptions.
Gas prices in Metro Vancouver have surged past $2 per litre, averaging $2.04 on March 16, 2026, driven by global supply disruptions linked to tensions in the Middle East and a standstill in the Strait of Hormuz, which handles 20% of global oil shipments.
Analysts predict further increases of 5 to 7 cents per litre due to reduced refinery capacity on the West Coast and rising seasonal demand.
Diesel prices are also climbing, straining businesses, particularly trucking companies.
Experts warn elevated prices may persist for weeks, even after the strait reopens, as oil shipments take time to reach markets.
Consumers are advised to reduce fuel use, join loyalty programs, use credit card rewards wisely, and consider alternatives like car-sharing or bulk retailers to offset costs.
Los precios del gas en Metro Vancouver alcanzaron los $2.04 por litro el 16 de marzo de 2026, debido a las tensiones en Oriente Medio y las interrupciones en el suministro.