March 17, 2000
(Mines and Energy)
GASOLINE MARKET WATCH - March 14,
2000
SELF SERVE REGULAR GASOLINE
(CENTS PER LITRE)
| Newfoundland and Labrador | Feb 29 | March 14 | +/- |
| St. John's | 79.9 | 83.9 | 4.0 |
| Conception Bay South | 76.5 | 80.5 | 4.0 |
| Clarenville | 78.9 | 81.9 | 3.0 |
| Gander | 78.9 | 85.9 | 7.0 |
| Grand Falls-Windsor | 78.9 | 85.9 | 7.0 |
| Corner Brook | 80.9 | 85.5 | 4.6 |
| St. Anthony | 82.9 | 87.9 | 5.0 |
| Port aux Basques | 78.9 | 86.9 | 8.0 |
| Labrador City (Full serve) | 84.9 | 84.9 | 0.0 |
| Happy Valley-Goose Bay (Full Serve) | 83.9 | 85.9 | 2.0 |
| Eastern Canada | Feb 29 | March 14 | +/- |
| Charlottetown | 63.5 | 65.7 | 2.2 |
| Halifax | 71.9 | 77.7 | 5.8 |
| Saint John | 69.0 | 76.5 | 7.5 |
| Moncton | 68.3 | 76.9 | 8.6 |
| Montreal | 74.6 | 76.9 | 2.3 |
| Canada Average | 70.0 | 72.4 | 2.4 |
Market Highlights:
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Retail gasoline prices increased throughout a number of communities in the province in response to increased wholesale prices over the past few weeks. The communities surveyed who are showing a 7.0 or 8.0 cost per litre increase in price had not experienced a previous price increase of 3.4 cents per litre on February 29, 2000. Conception Bay South continues to have the least expensive price of 80.5 cpl, although two stations in that region reported prices of 83.9 cpl.
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From February 29, 2000 to March 14, 2000 refinery wholesale prices, as measured by the Montreal refinery rack price, increased by 5.1 cpl to 39.5 cpl.
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Crude oil prices increased from $30.43 U.S per barrel to $31.69 U.S per barrel over the current survey period.
Media contact: Wayne Andrews, (709) 729-5899.
2000 03 17 11:50 a.m.
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