Metro Vancouver gas prices fall, could dip further as Trans Mountain pipeline flows: experts – BC [Video]

Good news for Metro Vancouver drivers frustrated by pain at the pump. Gas prices are forecast to fall in the next few days, and could fall even further as the summer approaches.

Petroleum industry analyst Dan McTeague, president of Canadians for Affordable Energy, told Global News that prices seen earlier this week, up to $2.20.9 appear to be the “high water mark.”

McTeague forecast the price per litre for regular gasoline could fall to $2.10.9 by Thursday followed by another three cents on Friday and potentially lower on the weekend.

Volatility on the markets, including the potential for U.S. interest rate hikes, coupled with increasing production at refineries in Washington state are the key drivers of the short-term price drop, according to McTeague.

But longer-term savings could also be in the offing, as the Trans Mountain pipeline expansion comes fully online, said University of Calgary economics professor Kent Fellow.

“I would expect the prices to drop anywhere from …