Gas prices in Metro Vancouver surpassed $2 per litre on Sunday, driven by the ongoing U.S.-Israel conflict with Iran that disrupts global fuel supplies.
Current Price Snapshot
Prices hovered around 202.9 cents per litre across Vancouver, with slight variations by location. Forecasts predict no changes for Monday.
Global Impact from Strait of Hormuz Closure
The conflict has effectively shut down the Strait of Hormuz, a vital chokepoint for nearly one-fifth of the world’s oil shipments. This closure has propelled international oil prices to new heights.
Local Trends and Historical Context
Average prices in Vancouver have risen steadily over recent days, increasing by nearly 20 cents per litre since Thursday. Levels above $2 per litre last occurred in May 2024.
