N.S. gas prices kick off long weekend with surprise dive
Posted May 21, 2010 05:45:31 AM.
This article is more than 5 years old.
Drivers in Nova Scotia are waking up to a pleasant surprise at the gas pumps – just in time for the long weekend.
Not only has the price fallen by quite a bit more than expected as many folks prepare to head out of town, but we’re being told the cost of gas this summer will remain fairly stable.
The Victoria Day weekend is considered the traditional start to the summer driving season, and while gas prices are typically expected to go up – predictions called for a drop of about 1.5 cents a litre.
However, Nova Scotia’s gas price regulators cut the price by 3.4 cents at midnight. Regular self-serve will now cost $1.00.8 in metro for the next week.
The National Energy Board predicts prices will remain in the $1 to $1.10 range for the rest of the summer. Spokesman John McCarthy says there’s plenty of crude supply to handle the demand.
“We think it’s going to be about where it is now,” he said. “We don’t see a a lot of risk for it going up because of the strong inventories.”
McCarthy says prices should be a little higher than they were last summer, although it’s worth noting that prices in Nova Scotia are lower today than they were at this time last year.
About a month ago, the gap was 20 cents a litre.
