Gas drops while most fuels rise in weekly PUB price adjustment

Albertans are being told by gasoline analysts to make the most of a price drop during a period of volatility in the market. When prices drop, as they have recently, there’s more opportunity to take advantage of varied prices from different gas stations, analysts say. (Dan McGarvey/CBC - image credit)
Albertans are being told by gasoline analysts to make the most of a price drop during a period of volatility in the market. When prices drop, as they have recently, there’s more opportunity to take advantage of varied prices from different gas stations, analysts say. (Dan McGarvey/CBC - image credit)
Albertans are being told by gasoline analysts to make the most of a price drop during a period of volatility in the market. When prices drop, as they have recently, there’s more opportunity to take advantage of varied prices from different gas stations, analysts say.
Albertans are being told by gasoline analysts to make the most of a price drop during a period of volatility in the market. When prices drop, as they have recently, there’s more opportunity to take advantage of varied prices from different gas stations, analysts say.

Gas prices dropped by 0.5 cents per litre across much of Newfoundland and Labrador Thursday. (Dan McGarvey/CBC)

The prices of most fuels are up across Newfoundland and Labrador are up on Thursday, with slight drops in the price of gasoline and propane.

The Public Utilities Board decreased the maximum price for gasoline by 0.5 cents per litre, meaning customers on the Avalon Peninsula — where prices are usually cheapest — will pay no more than $1.652 per litre.

Maximum prices vary depending on your location across the rest of the province, and range between $1.65 and $1.82 per litre in Newfoundland and between $1.64 and $2.20 per litre in Labrador.

An exception is in Black Tickle following a fuel delivery at Black Tickle Convenience. Adjustments in pricing benchmarks between deliveries resulted in a drop of 1.3 cents per litre, meaning customers there will pay $1.908 per litre.

Diesel saw the biggest increase of any fuel Thursday, up 2.3 cents per litre. The change means maximum prices now range between $1.82 and $1.94 per litre in Newfoundland and between $1.88 and $2.59 per litre in Labrador.

The price of furnace increased by just under two cents per litre, meaning customers in Newfoundland will now pay between $1.16 and $1.35 per litre depending on their location.

Stove oil increased by just under 1.7 cents per litre, except by just under 2.1 cents per litre in Labrador. The fuel also increased by 0.05 cents in Black Tickle following the fuel delivery.

That means maximum prices for stove oil now range between $1.14 and $1.32 per litre in Newfoundland and between $1.25 and just over $1.94 per litre in Labrador.

Propane saw a decrease of 0.3 cents per litre, putting maximum prices between 96 cents and $1.09 per litre and between 82 cents and $1.27 per litre in Labrador.

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