No significant change expected in N.S. gas prices
Posted Aug 16, 2012 05:30:18 AM.
This article is more than 5 years old.
No major changes are expected at the pumps in Nova Scotia this week, but diesel is on the move and one gas price watcher is warning that home heating costs will also climb this winter.
News 95.7 is predicting the price of regulated gasoline will edge up a penny, if it changes at all, when the Utility and Review Board resets the price at midnight.
Regular self-serve is currently selling for $1.331 in metro after a hefty price hike of nearly six cents last week.
The founder of Consumers for Fair Gas Prices says the end of the summer driving season means investors are starting to spurn gasoline in favour of distillate fuels such as home heating oil and diesel.
“A little bit of worry here when it comes to that for the simple reason that we did not see that decline in distillate prices over the summer months,” George Murphy told the Rick Howe Show Wednesday. “So, we’re going to be starting out the winter heating season with a high initial price for heating oil.”
Murphy says heating oil and stove oil will both climb by more than two cents a litre this week, while diesel prices are expected to climb by 2.5 to three cents a litre.
“There’s lot of movement of goods and services, because you get into September, October, November purchasing by various businesses,” he said. “So, there’s a lot of tractor trailer traffic on the move too.”
In New Brunswick, regulated gas prices rose overnight by a penny a litre, moving the price of regular self-serve to a new maximum of $1.30 a litre. Diesel prices climbed two cents a litre to $1.325.
