Heating oil prices jump
The cost of heating a home got more expensive for many Newfoundland and Labrador homes Thursday morning.
In its weekly setting, the Public Utilities Board raised the ceiling on the cost of furnace oil by 2.39 cents per litre. The change means that the maximum price for furnace oil on the northeast Avalon Peninsula — where prices in the province are cheapest — is now $1.0039 per litre.
Meanwhile, the PUB also raised the price of stove oil by 2.87 cents per litre, but left propane unchanged.
Gasoline also became more expensive Thursday, with a hike of 0.5 or 0.6 cents per litre, with the difference due to rounding for taxes in different pricing zones.
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.