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September 9, 1999
(Mines and Energy)


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

Aug.  24

Sept.7

+ / -

Newfoundland and Labrador

St. John's

68.9 68.9 0.0

Conception Bay South

63.9 63.9 0.0

Clarenville

69.9 69.9 0.0

Gander

72.9 72.9 0.0

Grand Falls-Windsor

69.9 69.9 0.0

Corner Brook

69.9 69.9 0.0

St. Anthony

71.9 71.9 0.0

Port aux Basques

69.9 69.9 0.0

Labrador City (full serve)

74.9 74.9 0.0

Happy Valley-Goose Bay (full serve)

74.5 74.5 0.0

Eastern Canada

Charlottetown

53.6 56.5 2.9

Halifax

66.9 66.9 0.0

Saint John

64.3 64.7 0.4

Moncton

64.9 64.9 0.0

Montreal

67.0 67.5 0.5

Canada Average

62.1 62.5 0.4

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

Market Highlights:

-Retail gasoline prices throughout Newfoundland and Labrador remained unchanged over the current survey period. For the communities surveyed,    Conception Bay South continues to have the least expensive price of 63.9 cpl. Retail prices in Prince Edward Island increased on September 1, 1999, following approval by the Island Regulatory and Appeals Commission.

-From August 24, 1999, to September 7, 1999, refinery wholesale prices, as measured by the Montreal refinery rack price, increased by 1.3 cpl to 28.4 cpl.

-Crude oil prices continue to increase, from $21.47 US per barrel to $22.61 US per barrel over the survey period.

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

1999 09 09 2:45 p.m.


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