Gasoline retailers in New Brunswick are preparing for a crush of customers Wednesday as motorists try to beat a Thursday increase of 13 cents per litre or more, the largest single-day jump in pump prices in the province in nine years. Despite that, New Brunswick law, which resets what maximum prices petroleum can be sold for every Thursday, requires retailers to sell to consumers at pre-hurricane prices until then. New Brunswick stations are not only prevented from passing those increases onto consumers until Thursday, but because motorists know the large increase is coming, most fill up well before then. Diesel prices are also likely to rise in New Brunswick on Thursday but were less affected by Harvey than gasoline and are expected to increase by five cents or less. The last major one-day price increase on gasoline in New Brunswick was 12.8 cents on Sept. 13, 2008.

Source: CBC News September 05, 2017 17:45 UTC