Gas prices toronto are set for an overnight jump in Metro Vancouver, with Roger McKnight saying the region’s gasoline could rise by at least five cents per litre after midnight. He later said a seven-cent increase may happen, which would put an immediate squeeze on drivers choosing between filling up tonight or paying more Wednesday.
McKnight Sees 7-Cent Move
Roger McKnight, chief petroleum analyst at EnPro, told 1130 NewsRadio that “Tuesday is the day to fill a tank” and added, “But I guarantee they aren’t going down,” after estimating the Metro Vancouver increase. His call is based on wholesale price changes, while the final retail move is left to individual stations.
Seven cents would lift already elevated prices after Metro Vancouver’s average gasoline price rose by nearly a nickel in the last week. On Sunday, the average price per litre was over 50 cents higher than a year earlier, leaving local drivers paying far more than they were 12 months ago.
Metro Vancouver Near $2.25
$2.15 per litre and $2.25 per litre have become the working range in the market context McKnight is tracking, and the overnight move would push some stations closer to the upper end of that band. The immediate effect is simple: drivers who can top up before midnight avoid the higher price, while anyone waiting faces the new rate once stations adjust.
Five cents per litre is McKnight’s floor for the Metro Vancouver move, but his update within minutes pointed to the larger seven-cent possibility. That gap matters because it shows how quickly wholesale moves can widen into the pump price retailers post at individual stations.
Montreal, Toronto, Halifax
At least five cents per litre was also the expected Wednesday morning increase in Montreal and Toronto, according to EnPro, while Halifax was set for nearly six cents. Gas prices have been increasing around the globe since the onset of the U.S. and Israel’s attacks on Iran and disruptions to traffic in the Strait of Hormuz, and the Canadian city-by-city estimates show that pressure is not limited to British Columbia.
Roger McKnight’s practical advice was blunt: fill up Tuesday if the tank is low, because the overnight move is expected to reset the price before morning commuters head out. For Metro Vancouver drivers, the next decision is immediate — buy before midnight, or pay the higher retail rate set by each station after the change takes hold.
