Gas Prices Jump Across the Maritimes
The price of gasoline rose overnight for all three Maritime provinces, affecting drivers in Nova Scotia, New Brunswick, and Prince Edward Island. The increase took effect at midnight, with the maximum pump price climbing by approximately 3 to 5 cents per litre depending on the province.
Provincial Breakdown
In Nova Scotia, the price of regular self-serve gasoline rose by 4.2 cents per litre, bringing the maximum to $1.659 per litre. New Brunswick saw a similar increase of 3.8 cents per litre, with the new cap at $1.642 per litre. Prince Edward Island experienced the smallest jump at 3.1 cents per litre, setting the maximum at $1.671 per litre.
Impact on Consumers
The overnight hike comes as a blow to Maritime residents already grappling with high living costs. According to the Atlantic Canada Gas Price Monitor, this is the third price increase this month. "It's frustrating," said Halifax resident Mark Thompson. "Every time I fill up, it costs more. It's eating into my budget."
Reasons Behind the Increase
The price adjustment is attributed to rising crude oil prices on global markets, combined with a weaker Canadian dollar. The Nova Scotia Utility and Review Board, which sets weekly gas prices, cited these factors in its decision. New Brunswick's Energy and Utilities Board also noted increased demand ahead of the summer driving season.
Comparison with Other Regions
Despite the increase, Maritime gas prices remain lower than the national average of $1.72 per litre. However, they are higher than prices in neighboring Quebec, where the average is $1.61 per litre. The gap is partly due to differences in provincial fuel taxes and regulations.
Looking Ahead
Analysts predict further volatility in the coming weeks, with potential for both increases and decreases depending on global oil supply and geopolitical events. "We're in a period of uncertainty," said energy analyst Sarah Jenkins. "Drivers should expect fluctuations."
