Prices below $1 are a huge drops from highs of $1.70 in 2019. Canadian Press photo.

Prices below $1 are a huge drops from highs of $1.70 in 2019. Canadian Press photo.

COVID-19 cutting gas price to under $1 in some Lower Mainland, Fraser Valley cities

Lack of consumer demand, global-oil war reducing pump prices

  • Mar. 20, 2020 12:00 a.m.

Part of the residual impact of the global COVID-19 outbreak has been shockingly low prices at the pump.

Abbotsford, Vancouver and Richmond all have over 10 gas stations with prices below $1 per litre this morning, March 20, according to GasBuddy.com. Many would never have expected these savings a year ago, when Lower Mainland prices hit $1.70 per litre.

The sinking prices are reportedly due to a lack of consumer demand, and a international oil-pricing battle between Russia and Saudi Arabia, who are flooding the global markets.

Top 10 lowest prices in Abbotsford

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