Modest raises at the pumps across Nova Scotia

Both gas and diesel products increased in cost, but only a few cents compared to the massive double-digit prices seen the last several weeks.

Diesel costs are still elevated and have not dropped significantly since the volatility in the Middle East continues. Across Nova Scotia, the product rose 3.0 cents to 241.6 cents a litre, according to the Nova Scotia Energy Board.

For gasoline, it was a bit higher of an increase, up 4.4 cents to 185.8 per litre.

This month gas prices have gone down and up dramatically, similarly to diesel, because of the ongoing tensions between the United States and Iran.

The latest on the conflict in the Middle East

The deal that U.S. President Donald Trump signed at Versailles in June set an ambitious 60-day deadline for ending the war with Iran and reaching an accord on its nuclear program.

The deadline was Aug. 17, and the two sides are further apart than they were then.

Talks, such as they are, have focused on reopening the Strait of Hormuz and lifting a U.S. blockade on Iran, both of which were supposed to have happened under the interim deal. There has been no sign of any compromise on the strait, or that detailed nuclear talks have even begun.

The U.S., meanwhile, has no good options for getting out of the war it started alongside Israel.

Acceding to Iran’s latest demands would mean giving it control over a critical international waterway that carried a fifth of the world’s traded oil and gas before the war — and would be tantamount to admitting defeat. Escalating the deeply unpopular war would further draw down U.S. supplies of advanced missile interceptors, jolt the world economy, and drive up gas prices ahead of U.S. congressional elections.

So both sides have dug in, hoping the other will blink first. So far, neither has.

With files from Joseph Krauss, The Associated Press

Keep it Factual
Add CityNews Halifax as a trusted source on Google to see more local stories from us.

Top Stories

Top Stories

Most Watched Today