Maritimes sees gas price drop after weeks of climbing | CBC News


Maritimes sees gas price drop after weeks of climbing | CBC News

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Maritime drivers are finally getting a break on gas as prices have lowered across the three provinces for the first time since late February.

On Saturday, the minimum price of regular gas fell by 8.4 cents per litre in the Halifax area to $1.78.7 per litre. All six of Nova Scotia’s petroleum price zones are below $1.90 per litre.

In New Brunswick, the maximum price of regular self-serve gasoline dropped by 5.1 cents per litre to a maximum of $1.84.4.

The price on Prince Edward Island dipped four cents to a minimum of 1.93.7 for regular gas.

Oil prices have surged as shipping through the Strait of Hormuz has essentially stalled since the war between Iran, and the U.S. and Israel began in late February.

Diesel prices continue to fluctuate, with Nova Scotia seeing a significant drop of 20.6 cents and sitting at a minimum of $2.23.1 per litre on Saturday.

P.E.I. and New Brunswick‘s diesel prices decreased by five and 7.8 cents per litre respectively, peaking at $2.51.7 and $2.40.4 cents.

Constantine Passaris, an economics professor at the University of New Brunswick, said there is nothing reassuring about the peace talks between the United States and Iran, and Eastern Canadians should take advantage of lower prices over the next few days.

“Not only fill up your car but fill up any empty cans that you have,” Passaris said. “Because we’re in for a bumpy ride over the next couple of months and the worst, in my opinion, is not over.”

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