06 Sep 2006

Nova Scotians Suspicious Of The Long-Term Price Implications Of Gasoline Price Regulation

HALIFAX: A significant majority of Nova Scotians believe gasoline price regulation, implemented by the provincial government on July 1 of this year, will result in higher gasoline prices, according to the most recent survey conducted by Corporate Research Associates Inc. Specifically, three in ten (29%) residents believe gasoline price regulation will result in much higher prices, while four in ten (40%) think prices will be somewhat higher.  Close to two in ten (17%) forecast unchanged gasoline prices, while close to one in ten (7%) think prices will go down as a result of regulation.  Finally, 7 percent of those surveyed do not offer an opinion at this time.

Cape Breton residents are most likely, while those who live in mainland Nova Scotia outside the HRM are least likely to think gasoline prices will be much higher over the next year.

“It is apparent that Nova Scotians are paying higher gasoline prices compared with other non-regulated jurisdictions in Canada,” according to Don Mills, President and CEO of Corporate Research Associates Inc.  “This is fully in keeping with their expectations regarding the impact of gasoline price regulation on prices.”

These results are part of the CRA Atlantic Quarterly, an independent, quarterly survey of Atlantic Canadians, and are based on a sample of 400 adult Nova Scotians, conducted from August 10 to August 19, 2006, with results accurate to within (4.9 percentage points, 95 out of 100 times.

For more information, please contact: Don Mills, President and CEO at (902) 722-3100.

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Amanda Bates