Gas takes another tumble in New Brunswick

gas

The price of gasoline took another big dive after the Energy and Utilities Board (EUB) invoked the interrupter clause overnight for the fourth time in March.

The new maximum price for a litre of self-serve gasoline sits at $0.82.1, down 8.8 cents overnight.

The maximum price of diesel, furnace oil and propane were unchanged.

Usually, gas prices are set for the week at 12:01 a.m. Thursday morning, but the interrupter clause allows the EUB to reset prices outside of the regular weekly cycle to respond to sudden spikes or plunges in the market.

Last night marked the fourth time in March the interrupter clause was invoked to lower gas prices.

Previous uses of the clause saw the top price of gas fall 10.3 cents on March 11, 8.7 on March 14, and 8.2 on March 18.

Many retailers will sell for a few cents less than the maximum retail price.