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Small increase to prices at the pumps expected this week

Price Street economist Rory Johnston is expecting to see gas prices rise only by about one cent this week
Gas station
Gas pumps. (Pixabay)

A small increase in the price for gasoline expected in Nova Scotia tonight.

That's according to managing director and market economist with Price Street, Rory Johnston. He is expecting to see prices rise only by about one cent.

Johnston says a fall in the value of the Canadian dollar is counterbalancing drops in the price for oil.

"The two major factors right now, crude oil and the Canadian dollar, are moving in the opposite direction," Johnston said. "So you're insulating any of those moves dramatically."

Across the the border in New Brunswick regulated prices dropped by 1.5 cents overnight moving the maximum price down to 149.3.



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Dan Ahlstrand

About the Author: Dan Ahlstrand

Dan is the news director at CityNews 95.7 and co-anchors All News Mornings on each weekday morning from 6 a.m. to 10 a.m.
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