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flag Gas prices in Metro Vancouver hit $2.04 per litre on March 16, 2026, due to Middle East tensions and supply disruptions.

flag 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. flag Analysts predict further increases of 5 to 7 cents per litre due to reduced refinery capacity on the West Coast and rising seasonal demand. flag Diesel prices are also climbing, straining businesses, particularly trucking companies. flag Experts warn elevated prices may persist for weeks, even after the strait reopens, as oil shipments take time to reach markets. flag 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.

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