April 29, 1999
(Mines and Energy)
Gasoline Market Watch - April 1999
Self Serve Regular Gasoline
(cents per litre)
| March 2 | April 27 | + / - | |
| Newfoundland and Labrador | |||
| St. John's | 58.9 | 62.9 | 4.0 |
| Clarenville | 61.9 | 65.9 | 4.0 |
| Gander | 61.9 | 65.9 | 4.0 |
| Grand Falls-Windsor | 60.9 | 64.9 | 4.0 |
| Corner Brook | 60.9 | 64.9 | 4.0 |
| St. Anthony | 64.9 | 68.9 | 4.0 |
| Port aux Basques | 62.9 | 66.9 | 4.0 |
| Labrador City | 68.4 | 68.4 | 0.0 |
Happy Valley-Goose Bay |
69.9 | 69.9 | 0.0 |
Eastern Canada |
|||
| Charlottetown | 48.0 | 47.9 | -0.1 |
| Halifax | 51.9 | 58.9 | 7.0 |
| Saint John | 50.0 | 57.4 | 7.4 |
Montreal |
56.8 | 59.8 | 3.0 |
Canada Average |
49.0 | 55.8 | 6.8 |
St. John's Pump Price: Increased by 4.0 cpl
Refinery Wholesale Price: Increased by 6.3 cpl
Crude oil price: Increased by 4.6 cpl
Source: Government of Newfoundland and Labrador Department of Mines and Energy; M.J. Ervin & Associates; Oil Buyers Guide
Market Highlights:
Retail gasoline prices throughout most markets in the province increased by 4.0 cents per litre (cpl) in April 1999. This compares to a Canadian average increase of 6.8 cents per litre over the same period.
The increase was in response to recovering crude oil prices as a result of a recent agreement among world oil producers to curtail production by two million barrels per day.
Unplanned refinery outages in the Western United States also had an impact on retail prices. These refinery outages resulted in tight supply situation in that region and as product was diverted to supply the area prices increased throughout most North American markets.
Note: More detailed information may be found on the Department of Mines and Energy Web Page (www.gov.nl.ca/mines&en/)
Questions or comments may be directed to Wayne Andrews, (709) 729 - 5899.
1999 04 29 3:50 p.m.
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