Interrupter clause brings more affordable fuel to Nova Scotia
The interrupter clause, implemented by the Nova Scotia Utility and Review Board, slashed gas prices by 10.2 cents a litre overnight in Nova Scotia, for a combined drop of nearly 20 cents in just two days.
Dan McTeague from Canadians for Affordable Energy said prices could fall even more.
"We've seen what they could be by Sunday," said McTeague. "Gasoline prices could drop 23 cents per litre and that's unprecedented.”
One traveler who drove to Nova Scotia from Ontario said she welcomes any price drop, even though gas is still expensive compared to some previous years.
"Well yes, because we do love to travel."
It is even better news for cab drivers who will make more money each day.
"Thirty, forty bucks extra," said Dawit Mahari.
Diesel in Nova Scotia dropped 7.9 cents a litre, which comes as a welcome boost for the trucking industry at a time when supply chain issues are crushing their bottom line.
"We are in a shortage of labour so that doesn't help, and we are in a shortage of equipment," said Jean-Marc Picard from the Atlantic Provinces Trucking Association. "If you order a truck today, it could take up a year before you get it, and there are lots of parts that we're waiting for as well."
Currently, there is a gas price disparity in the Maritimes. Regular gasoline is selling for 181.9 per litre in P.E.I.
In New Brunswick, gas costs 185.5 and 197.4 per litre for diesel.
The manager of Durty Nelly's Irish Pub in Halifax said more affordable gas could provide a short-term tourism advantage for Nova Scotia.
Affordable fuel and more people driving to downtown Halifax for summertime festivities has already resulted in bigger crowds and big business.
"There is a sense of more traffic down here," said Eugene McCabe. "We have a lot of tourists who want to go to the downtown core and you can see the atmosphere build around it."
McCabe said business is up 20 per cent from last year and he expects August to be even busier.
CTVNews.ca Top Stories
Doctors say capital gains tax changes will jeopardize their retirement. Is that true?
The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are.
Something in the water? Canadian family latest to spot elusive 'Loch Ness Monster'
For centuries, people have wondered what, if anything, might be lurking beneath the surface of Loch Ness in Scotland. When Canadian couple Parry Malm and Shannon Wiseman visited the Scottish highlands earlier this month with their two children, they didn’t expect to become part of the mystery.
Fair in Ontario, flurries in Labrador: Weather systems make for an erratic spring
It's no secret that spring can be a tumultuous time for Canadian weather, and as an unseasonably mild El Nino winter gives way to summer, there's bound to be a few swings in temperature that seem out of the ordinary. From Ontario to the Atlantic, though, this week is about to feel a little erratic.
What do weight loss drugs mean for a diet industry built on eating less and exercising more?
Recent injected drugs like Wegovy and its predecessor, the diabetes medication Ozempic, are reshaping the health and fitness industries.
He replaced Mickey Mantle. Now baseball's oldest living major leaguer is turning 100
The oldest living former major leaguer, Art Schallock turns 100 on Thursday and is being celebrated in the Bay Area and beyond as the milestone approaches.
What a urologist wants you to know about male infertility
When opposite sex couples are trying and failing to get pregnant, the attention often focuses on the woman. That’s not always the case.
'It was instant karma': Viral video captures failed theft attempt in Nanaimo, B.C.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
Bank of Canada officials split on when to start cutting interest rates
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
Made-in-Newfoundland vodka claims top prize at worldwide competition
A Newfoundland-made vodka has been named one of the world’s best by judges at this year’s World Vodka Awards.