Gas prices down in time for Canada Day weekend
Driving got a little cheaper for most consumers in Newfoundland and Labrador Thursday, just in time for travel on the Canada Day weekend.
The Public Utilities Board lowered the maximum price of all grades of gas by as much as 1.4 cents per litre.
The change means that retailers on the Avalon Peninsula, for instance, can charge no more than $1.31 for a litre of self-serve unleaded gas. Prices are generally higher across the province.
The PUB dropped the price of diesel fuel by as much as 0.8 cents per litre.
Home heating fuel also got slightly cheaper, with furnace oil and stove oil both down by 0.24 cents per litre. The cost of propane dropped by 2.2 cents per litre.
The cost at pumps in coastal Labrador, though, increased on Thursday, because of the lifting of the winter price freeze. The change meant gas prices, which will now fluctuate on a weekly basis, jumped by 3.5 cents per litre. But the end of the winter price freeze meant cheaper diesel and stove oil.
The chart below shows how average gas prices in Newfoundland and Labrador have changed over the last 12 months, compared to both changes in the national average for gas prices and the global price of oil.