Food costs could go up as Vancouver gas prices approach record high

petros

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VANCOUVER — Vancouver restaurateurs are among many in the region with their eyes fixed on fuel prices as they weigh how to react to the high cost at the pumps.

The big question on the minds of pizzeria owners like Kenan Gov and Franco Bastone is whether they’ll need to raise prices to cover the rising costs of deliveries. Meanwhile, car-share companies say their services are a great way for residents to take refuge from the high fuel costs.

Bastone, one of the owners of Nat’s New York Pizzeria, said the increased gas prices mean he needs to pay more to cover the fuel his drivers burn to get pies out to patrons. Those cost increases come after already having faced rising food prices for the last year-and-a-half or so, he said.

“We never lighten up on the ingredients, but down the road we might have to put some prices up,” Bastone said. “We’re scraping a little more than we should be. People walk into a busy restaurant (and think), Oh, these people are makin’ money,’ but they don’t see what goes out the back door.”

Bastone said he’s just hoping the prices will stabilize or go down in the summer.

Gov, the owner of Roman’s Pizza, said he’s already paying more for the deliveries he relies on for ingredients to make his pizzas, but like Bastone he’s waiting to see what happens at the gas pumps before deciding whether to put up prices.

“I’m waiting to see if it’s temporary or just for a week or something. But if it’s going to be a permanent thing, of course. Not only me — everyone will be (raising prices),” Gov said. “I’m shocked already and we’re still not in summer.”

Gas prices in the region are approaching record highs and some experts predict they could press past $1.60 per litre by April. They’re the highest fuel costs in North America.

Tai Silvey, director of Evo Car Share, said rising rates can be something of an advantage to Evo members given that they pay an all-in rate to drive the company’s shared cars.

Those high gas prices do cut into Evo’s margin, but its fleet of fuel-efficient hybrids help keep costs under control, he said. Asked whether Evo would need to raise its costs to customers were prices to reach and remain at the $1.60 point, Silvey said, “absolutely not.”

“We’re focused on making sure that Vancouverites and British Columbians have an affordable and environmental option to get around town,” he said.

Many Evo members are “intermodal” and, for example, walk to SkyTrain, ride into town, then grab a shared car. Others are “multimodal” and use both their own car as well as a shared car when it makes more sense, he said.

“Using car sharing does allow you to free up your reliance on your privately owned vehicle, which can certainly help save costs,” Silvey said.

Evo’s rates start at $0.41 per minute. Car2go is changing its pricing model, but its rates now start at $0.32 per minute (a bargain compared with the $0.41 per minute the company charges in Calgary, Toronto and Montreal), and Modo uses a different type of fee structure.


Matt Robinson / Vancouver Sun
MARCH 21, 2018 02:00 PM
 

captain morgan

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I've known Nat Bastone for 25+ years and eat there a couple times a month the business won't be effected much by price increases.

This goes much deeper than the restaurant business.

At some point, the local grocers will have to raise their prices to compensate for the increased costs of delivery and that will affect all those that shop at those locations. Add to that the reality that some folks will use this as an excuse to gouge the public.
 

captain morgan

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Murphy

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The question is......

Will waldo put his money where is mouth is and buy an electric car??

When he's old enough to get his license, he shouldn't.

Givenhis distaste for oil and gas, he should show his neighbours he can bike from Mississauga to Toronto. He doesn't need no stinkin' car!
 

petros

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This goes much deeper than the restaurant business.

At some point, the local grocers will have to raise their prices to compensate for the increased costs of delivery and that will affect all those that shop at those locations. Add to that the reality that some folks will use this as an excuse to gouge the public.

Desivating to the poor. $30 more per tank @ 70L than the rest of Western Canada.
 

Hoid

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I know this is news to all ignore listers but food prices are going to go up. It doesn't matter what gas costs.
 

Hoid

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Oh, and gas prices in Vancouver are going to go up - it doesn't matter how many pipelines there are,
 

Murphy

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Desivating to the poor. $30 more per tank @ 70L than the rest of Western Canada.

Prices here always go down in the summer, during the travel season. They have stayed the same. I heard on the radio that gas was supposed to go up .10/liter today, but the signs haven't changed yet.
 
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captain morgan

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Desivating to the poor. $30 more per tank @ 70L than the rest of Western Canada.

I know you've lived out on the Wet Coast Petros along with a ton of other people, myself included.

YVR is a fantastic city, absolutely stunning views and for myself, had a helluva good time while living there.

That said, in order to actually make a life out there, you need a ton of cash and without it, you are subject to any/all changes in the cost of living.

The increase in fuel prices will (over time) carve more cash from your pocket in an already over inflated region.... In the event these prices remain for an extended period, I can't see this ending well for the average person (and especially families) that are located in teh area
 

petros

The Central Scrutinizer
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petros

The Central Scrutinizer
Nov 21, 2008
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Low Earth Orbit
I know you've lived out on the Wet Coast Petros along with a ton of other people, myself included.

YVR is a fantastic city, absolutely stunning views and for myself, had a helluva good time while living there.

That said, in order to actually make a life out there, you need a ton of cash and without it, you are subject to any/all changes in the cost of living.

The increase in fuel prices will (over time) carve more cash from your pocket in an already over inflated region.... In the event these prices remain for an extended period, I can't see this ending well for the average person (and especially families) that are located in teh area

When I lived there last year and the year before it was a completely different place than it was when we left 20 years ago.

I couldn't get out fast enough.
 

pgs

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When I lived there last year and the year before it was a completely different place than it was when we left 20 years ago.

I couldn't get out fast enough.
No it’s the same place just more crowded and less diverse.