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Russia’s invasion of Ukraine adds fuel to the fire for local gas pumps

On Monday, most gas stations in Richmond were selling gas for 181. 9 cents per litre.
Gas station on No. 3 Rd.

Richmond drivers are now feeling the pinch at the gas pump today amid the fallout of the Russian invasion of Ukraine. 

On Monday, most outlets in Richmond were selling gas for 181. 9 cents per litre, which broke the previous record of 176 cents, set just two weeks ago.

However, for drivers who hope to save some money, they could consider filling their tanks at Super Save on 6000 No. 5 Rd., where the price is 179.9 cents a litre. 

GasWizard predicted last week that the prices in Metro Vancouver could soon be pushed above $1.80 per litre soon following the Russian invasion.

Patrick De Haan, head of petroleum analysis at GasBuddy, said the imminent threat of Russia invading Ukraine drove up the average price of gasoline last week and the prices are expected to continue to rise. 

“The Russian invasion of Ukraine has sparked high-level concern that oil production could eventually be stifled or even sanctioned from the world’s second-largest oil producer, leading to less supply as demand grows,” said Haan.

“That possibility has pushed up the national average price of gasoline the last week and the situation could worsen at any time.”