Gas prices hit lowest point since January

The cost of driving in Newfoundland and Labrador became noticeably cheaper Thursday, as the province's fuels regulator ordered retailers to drop their prices by up to 3.6 cents a litre.

The drop, the biggest since August, brings gas prices to their lowest point since mid-January.

On the Avalon Peninsula, where gas is cheapest, that means a stationcan now charge no more than $1.032 for a litre of self-serve unleaded gasoline.

Some retailers - particularly in the east end of St. John's, driven by market-leading Costco - have been charging less than $1 per litre for the last several days.

• The Costco effect: An east ender's guide to changing gas prices

The Public Utilities Board also ordered a 3.2 cent-per-litre cut in the cost of diesel.

Furnace oil is down Thursday by 2.38 cents per litre.

On mobile? Click here to see the widget!