Gas prices reach new high in N.S., costs skyrocket in Atlantic Canada

The price of gasoline in Nova Scotia has shattered a new record after gas rose by another 10.9 cents overnight. Similar price increases are being seen across Atlantic Canada.

The price of gas has reached a new high in Nova Scotia for the third time in a week, rising another 10.9 cents overnight.

This is the third time the price of gas has gone up since Friday after the Nova Scotia Utility and Review Board invoked its interrupter clause for the second time this week “due to significant shifts in the market prices of gasoline and oil.”

The minimum price for regular unleaded gasoline now ranges from 186.2 cents per litre in the Halifax area to 188.1 in the Cape Breton area.

The cost of diesel also went up by 9.6 cents overnight, reaching a minimum price of 199.7 in the Halifax area to 203.9 in the Cape Breton area.

In the last week, the price of both gas and diesel has gone up by about 30 cents per litre.

The cost of fuel across the country is skyrocketing as Russia’s war in Ukraine is putting greater pressure on an already-surging oil price environment.

The demand for oil combined with a shortage of supply has been pushing up oil prices, and consequently, gas prices up for weeks.

Nova Scotia isn’t the only Atlantic province feeling the pain at the pumps. In New Brunswick, gas prices have risen four times in the last week, and the maximum price for regular self-serve gasoline is now 182.7, while self-serve diesel sits at 200.3.