Port Coquitlam currently has the cheapest gas in Metro Vancouver, according to a website that tracks pump prices in the region.
According to www.vancouvergasprices.com the Costco gas station (2370 Ottawa Street) has posted a price of 97.9 cents per litre for the last 24 hours as of Friday, January 9 at 2 p.m..
Two Coqutilam gas stations just missed the top ten list. The Maillardville Chevron (945 Brunette Ave.) and the Superstore gas station (1301 Lougheed Highway) both posted prices of 101.9 cents per litre for a 24-hour period.
Nationally, pump prices are currently 92 cents per litre, while in B.C. the number is closer to $1. The price per barrel of crude is $48, the lowest number since the economic downturn in 2008/09.
Crude oil had run to more than US $100 a barrel for the first half of the year before falling 35% to less than $70.
Crude's decline turned into a nose dive last month when the OPEC cartel announced it wouldn't cut production to prop up oil prices, creating the spectre of a global supply glut and protracted low prices that could force some energy firms out of business.
Some analysts have suggested crude oil could fall as low as $30 a barrel.
-with files from Jeff Nagel
