Global Gas Prices Skyrocket Amidst Middle East Conflict
Effective Saturday morning, the Nova Scotia Utility and Review Board implemented an interrupter clause, leading to a 6.7-cent increase in regular self-serve gasoline prices to 168.7 cents per litre, and a 8.9-cent rise in diesel to 220 cents per litre. This intervention, the fourth this month, was prompted by significant shifts in petroleum product pricing, driven in part by a nearly 40% surge in global oil prices attributed to escalating Middle Eastern conflicts. These new prices represent a notable jump compared to the same period last year, when gasoline and diesel were priced at 155.3 cents and 179.1 cents per litre, respectively.
John Q. Hosedrinker