July 29, 1999
(Mines and Energy)
GASOLINE MARKET WATCH - JULY 1999
SELF SERVE REGULAR GASOLINE
(CENTS PER LITRE)
| June 22 | July 27 | + / - | |
| Newfoundland and Labrador | |||
|
63.9 | 68.9 | 5.0 |
|
66.9 | 69.9 | 3.0 |
|
68.9 | 69.9 | 1.0 |
|
67.9 | 69.9 | 2.0 |
|
67.9 | 69.9 | 2.0 |
|
71.9 | 73.9 | 2.0 |
|
69.9 | 70.9 | 1.0 |
|
68.4 | 72.9 | 4.5 |
|
72.9 | 74.5 | 1.6 |
| Eastern Canada | |||
|
49.7 | 53.5 | 3.8 |
|
59.9 | 59.9 | 0.0 |
|
58.9 | 62.1 | 3.2 |
|
59.9 | 62.4 | 2.5 |
|
62.9 | 65.8 | 2.9 |
| Canada Average | 57.8 | 6.6 | 2.8 |
Source: Government of Newfoundland and Labrador Department of Mines and Energy, M.J. Ervin & Associates
Market Highlights:
Retail gasoline prices increased from 1.0 cpl to 5.0 cpl throughout the province over the survey period and reflect increases in refinery wholesale prices over the past several months. Since mid-February, retail prices in St. John's have increased by 10.0 cpl. By comparison, retail prices, on average, across Canada have increased by 11.5 cpl over this same period.
From June 22, 1999, to July 27, 1999, refinery wholesale prices, as measured by the Montreal refinery rack price, had increased by 3.3 cpl and by a total of 11.1 cpl since mid-February.
Crude oil prices had increased from $17.61 US per barrel to $20.38 US per barrel over the survey period. Since mid-February crude oil prices have increased by over 70 per cent or the equivalent of 8.0 Canadian cpl.
Note: More detailed information may be found on the Department of Mines and Energy Web Page (www.gov.nl.ca).
Questions or comments may be directed to Wayne Andrews at (709) 729-5899.
Media contact: Carl Cooper, (709) 729-4890.
1999 07 29 3:05 p.m.
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