Early Christmas gift expected at the pumps
Posted Dec 13, 2012 07:14:23 AM.
This article is more than 5 years old.
You’ll have some money left over for Christmas shopping if you put off filling up the car until tomorrow.
News 95.7 is predicting that when the Nova Scotia Utility and Review Board resets prices at midnight, the price of regular self-serve will drop by about four cents a litre.
The drop would move the price per litre below the $1.20 mark.
George Murphy with Consumers for Fair Gas Prices tells News 95.7, all of the indicators are lining up for a significant drop according to the latest report from the American Petroleum Institute.
“Refineries are operating at 90.4 per cent of capacity over last week, gasoline inventories up five million barrels this week, distillate inventories up three million barrels, oil inventories up 800-thousand barrels,” said Murphy.
Across the border in New Brunswick, regulated prices dropped by 4.2 cents a litre overnight moving the price of regular self-serve down to $1.20.
In Toronto, the unregulated price of gas is expected to remain steady with a litre selling at $1.18 in Canada’s biggest city
