Slight gas price drop expected
Posted Jun 12, 2014 08:20:27 AM.
This article is more than 5 years old.
A very small drop in regulated gas prices is expect at midnight in Nova Scotia.
Our newsroom has gone over the numbers and we are predicting that when prices are adjusted, they will fall by about a penny a litre.
George Murphy of Consumers for Fair Gas Prices told News 95.7 drivers are burning less gas and that is offsetting a drop in refining capacity.
“It tells you that for those 350-million people down in the U.S., they’re not drawing as much gasoline as everybody thinks they are,” said Murphy. “That’s why refinery capacity is down and that’s why gasoline inventories are up.”
In New Brunswick overnight, gasoline prices fell by a half-cent moving the maximum price down to $136.2.
