Gas Prices in Nova Scotia
For the past six years, CBC News has offered a weekly price prediction for gas prices. We began this service in order to warn people about possible large swings when the regulated price is set every Thursday at midnight.
Our prediction was based on the same formula used by the UARB to set its prices.
However, the regulating body is presented with a range of options and selects one of them. There is no way of knowing which option the UARB will pick, which is why our weekly prediction rarely matches the actual price change exactly - although we are almost always correct about whether the amount will be up or down.
We have been tracking the actual price changes over the past several months and have noted that there is very rarely a substantial increase or decrease.
We will continue to monitor the predicted change and when a major adjustment is expected, we will report that information.
However, because of the impossibility of making an accurate price prediction every week, we have decided to discontinue this service for the time being.