Jeune magique et intellig
2009-01-07, 09:52 PM
It appears that when it comes to gasoline prices, all good things must come to an end.
New Brunswick gas prices had been falling precipitously in recent weeks and in many corners of the province, the price was hovering around 66 cents a litre. In fact, gas prices in New Brunswick are down 75 cents a litre since mid-September.
That is about to end, according to Robert Jones, the CBC reporter who weekly analyzes gas prices in the province.
Jones is predicting that when the Energy and Utilities Board resets its maximum price for gasoline at 12:01 Thursday morning that drivers will be seeing a dramatic hike — in the range of 8 cents a litre. He said prices for home heating oil and diesel will likely be increased by 10 cents a litre.
"The bottom line is that petroleum markets in New York were very nervous over the last week, the price got bid up and we are going to see that come midnight tonight," Jones said on Wednesday.
The reason behind this round of increases, Jones said, is the jitters caused in the global petroleum markets over the fighting between Israel and Hamas in Gaza and the threat of OPEC countries to cut oil production.
New Brunswick gas prices had been falling precipitously in recent weeks and in many corners of the province, the price was hovering around 66 cents a litre. In fact, gas prices in New Brunswick are down 75 cents a litre since mid-September.
That is about to end, according to Robert Jones, the CBC reporter who weekly analyzes gas prices in the province.
Jones is predicting that when the Energy and Utilities Board resets its maximum price for gasoline at 12:01 Thursday morning that drivers will be seeing a dramatic hike — in the range of 8 cents a litre. He said prices for home heating oil and diesel will likely be increased by 10 cents a litre.
"The bottom line is that petroleum markets in New York were very nervous over the last week, the price got bid up and we are going to see that come midnight tonight," Jones said on Wednesday.
The reason behind this round of increases, Jones said, is the jitters caused in the global petroleum markets over the fighting between Israel and Hamas in Gaza and the threat of OPEC countries to cut oil production.