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Tuesday, May 10, 2011

Gas Prices Remain Volatile

If you were confused by the change downward in the price of diesel this past weekend, the change on Saturday was allowed because of something called the "interuption clause."

Dave Young with the province's Energy and Utility Board tells CHSJ News the price of gas changes if the cost of fuel in the New York Market goes up or down by at least six cents a litre in one day.

Young says it's very rare that the price of fuel would change by that much in one day, which is why normally gas prices only go up or down on Thursdays after the weekly setting.
 
The price of self serve remained the same and now is more expensive than diesel.
 
Meantime, gasoline prices took a major leap higher in parts of the country overnight with the price soaring 6.5 cents a litre in southern and eastern Ontario. A litre of regular gas in the Toronto area now costs $1.39.6.

The price in Montreal is now $144.9 after a nickel per litre increase and $144.1 in Vancouver after a 4.6 cent per litre increase.