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Gas prices expected to rise in Nova Scotia this week

Regulated prices are expected to jump about a penny per litre at midnight
Gas prices
A motorist reaches for the pump at a gas station on Feburary 24, 2011. THE CANADIAN PRESS/Patrick Dell

HALIFAX - Nova Scotians can expect a small increase in the price of gasoline come Friday morning. 

NEWS 95.7 predicts when prices are adjusted at midnight that they will trend upwards roughly one cent per litre. 

George Murphy of Consumers for Fair Gas Prices tells News 95.7 that a small increase in gas inventories wasn't enough to wipe out a jump in the price of oil. 

"We have a read on the U.S. inventory report last week and shows...speculators and the market didn't chase down gas prices as much as oil prices," Murphy said. 

He said an announcement from Saudi Arabia that they were cutting production also kept prices steady. 

In New Brunswick on Thursday morning, regulated gasoline prices fell by 4/10th of a cent to a new maximum price of $1.14.7/L. 

Dan Ahlstrand

About the Author: Dan Ahlstrand

Dan Ahlstrand is the Managing Editor at News 95.7 and anchors The Morning News on News 95.7 each weekday morning from 5:00 a.m. to 9:00 a.m.
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