Soaring ethanol prices stinging New Brunswick drivers, even those who don't use it - News Summed Up

Soaring ethanol prices stinging New Brunswick drivers, even those who don't use it


© Robert Jones/CBC Gasoline prices in New Brunswick hit a record $1.50 per litre in October but have not come down much in November due to surging prices for ethanol. Soaring prices in the United States for the plant-based fuel ethanol are hitting consumers at the gas pumps in New Brunswick, even at pumps that don't carry ethanol. This week the maximum price for self-serve regular gasoline in New Brunswick as set by the EUB is 150.8 cents per litre. But only New Brunswick has a mechanism to accommodate ethanol price spikes. "Of late the ethanol price has been higher, so the board is setting (prices) on that," said YoungBut ethanol pricing hasn't just widened price differences between New Brunswick and Nova Scotia.


Source: CBC News November 22, 2021 11:26 UTC



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