Gas prices jump 4.5 cents per litre
CBC News
Posted: Oct 13, 2011 9:55 AM AT
Last Updated: Oct 13, 2011 9:51 AM AT
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New Brunswick drivers will be forced to dig deeper into their wallets when they fill up their tanks after the price of regular gasoline jumped 4.5 cents per litre on Thursday.
The Energy and Utilities Board increased the maximum price for regular gasoline to 129 cents per litre up from 124.5 cents per litre last week.
The new gas price is the highest it has been since Sept. 15.
The energy regulator sets maximum prices each week based on the average prices of commodity trading on the international markets during the previous week.
Retail stations do not have to charge the maximum prices and can sell below the EUB's maximum prices.
Other regulated fuels also saw price increases, although smaller than the jump in gas prices, when the EUB reset the maximum prices on Thursday.
The cost of diesel is now at 134.6 cents per litre up from 132.2 cents per litre.
New Brunswick homeowners who heat with furnace oil will also be paying more this week. The maximum cost of furnace oil is now 114.9 cents per litre, an increase of two cents.
The price of propane edged higher to 116.5 cents per litre, from 116.1 cents per litre.
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