New Brunswick gas prices plunge as interrupter clause activated amid market volatility

Gas prices have plunged in New Brunswick, dropping by approximately 10 cents overnight.

The New Brunswick Energy and Utilities Board (NBEUB) activated its interrupter clause on Tuesday evening, overriding its normal Thursday-to-Wednesday schedule.

The decrease is the result of the collapse of an oil supply cut agreement between Saudi Arabia and Russia, coupled with the uncertainty and less demand for oil amid the COVID-19 outbreak.

New Brunswickers should expect to see a price of $1.033 per litre at self-serve locations.

That’s down from $1.136 per litre last week.

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