If your car needs a fill, you might want to hold off as long as you can.
Fuel expert Dan McTeague with Gasbuddy.com says sky high prices should start to tumble beginning tonight.
“It looks like the law of gravity is going to finally apply to gas pumps. What goes up must come down, and if people can hold on until midnight tomorrow night, that’s Friday night at midnight, they will in fact save about seven cents a litre.”
McTeague says he’s expecting a two cent dip at midnight Thursday, followed by a further five cent dip Friday into Saturday.
He says prices shot up to a nearly two year high last weekend on supply fears south of the border.
But he says two key Washington refineries will both be back online by the weekend, driving prices back down.
“Monday morning the refinery in Ferndale was back up and running. And everything seems to be going well with the temporary clean up and maintenance of the Cherry Point BP refinery. Analysts and traders suspect that both of those other issues will be resolved by tomorrow, Saturday latest.”
Currently, prices are topping out at about $1.42 a litre in some areas of Metro Vancouver.