Not much change in gas prices expected
Posted Feb 18, 2016 09:13:08 AM.
This article is more than 5 years old.
Expect only a slight change in the price of gas this week when the UARB makes its weekly price adjustment at midnight.
Our newsroom is predicting the minimum price will go up by roughly three tenths of a cent
George Murphy of Consumers for Fair Gas Prices told NEWS 95.7 the low prices for fuel continue because of an excess of supply.
“The heaviest month that the Saudis have ever produced during the month of January, 10.2 million barrels a day,” he explained. “It’s also a record for Russia at 10.9 million barrels a day.”
Across the border in New Brunswick prices remained stabled as the maximum price moved down just one tenth of a cent to 88.5 cents per litre.
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