GASOLINE MARKET WATCH - November 4, 1999

November 4, 1999
(Mines and Energy)

GASOLINE MARKET WATCH - November 4, 1999
SELF SERVE REGULAR GASOLINE
(CENTS PER LITRE)

	Oct. 19	Nov. 2	+ / -
Newfoundland and Labrador
St. John's	72.9	71.9	-1.0
Conception Bay South	67.9	67.9	0.0
Clarenville	73.9	73.9	0.0
Gander	73.9	73.9	0.0
Grand Falls-Windsor	73.9	73.9	0.0
Corner Brook	73.9	73.9	0.0
St. Anthony	75.9	75.9	0.0
Port aux Basques	73.9	73.9	0.0
Labrador City (full serve)	78.9	78.9	0.0
Happy Valley-Goose Bay (full serve)	77.9	77.9	0.0
Eastern Canada
Charlottetown	56.8	61.3	4.5
Halifax	66.9	66.9	0.0
Saint John	62.8	62.4	-0.4
Moncton	66.3	66.4	0.1
Montreal	69.8	66.9	-2.9
Canada Average	62.2	61.4	-0.8

Source: Government of Newfoundland and Labrador Department of Mines and Energy, M.J. Ervin & Associates

Market Highlights:

For the survey date of November 2, 1999, retail gasoline prices had decreased by 1.0 cpl in the St. John's market only. However, by the release of this "Market Watch" prices had fallen by similar amounts in most other areas throughout the province.
Effective November 1, 1999, the Prince Edward Island Regulatory and Appeals Commission approved crude oil cost related increases of about 4.5 cpl (taxes included).
From October 19, 1999 to November 2, 1999, refinery wholesale prices, as measured by the Montreal refinery rack price, increased by 0.5 cpl to 26.6 cpl.
Crude oil prices increased from $22.22 US per barrel to $22.39 US per barrel over the current survey period.

Note: More detailed information may be found on the Department of Mines & Energy Web Page (www.gov.nl.ca)
Questions or comments may be directed to Wayne Andrews at (709) 729-5899.

1999 11 04 2:00p.m.

All material copyright the Government of Newfoundland and Labrador. No unauthorized copying or redeployment permitted. The Government assumes no responsibility for the accuracy of any material deployed on an unauthorized server.
Disclaimer/Copyright/Privacy Statement