N.S. gas prices expected to take small dip
Posted Aug 2, 2012 05:29:30 AM.
This article is more than 5 years old.
Regulated gas prices are expected to take a small dip overnight, launching what’s expected to be a trend of moderate price changes for the rest of the summer.
News 95.7 is predicting the price of gasoline will fall by one to two cents a litre when the Utility and Review Board resets the price at midnight. The change will move the price of regular self-serve to $1.24 or $1.25 in metro.
George Murphy of Consumers for Fair Gas Prices tells News 95.7 there’s been some moderation in prices, and that’s what he’s expecting from now until the fall.
“It’s going to be one week up, one week down,” said Murphy. “Sometimes you might even see two weeks of ups, rather than downs. But I think, basically, what you see on the pumps right now is what you’re going to get.”
Murphy says crude prices held steady over the week, but picked up on Wednesday, while the loonie gained two cents on the greenback. He notes consumption levels are also a little tepid.
“We’re still into a summer-demand season, albeit demand remains a little bit weak,” said Murphy.
In New Brunswick, regulated prices fell 2.2 cents overnight to a new maximum of $1.251. Diesel climbed by 1.3 cents to a new maximum of $1.312.
In Toronto, unregulated prices were expected to fall 0.4 cents at midnight, moving the new average in the GTA to $1.266.
