There has been little change in global fuel prices since the price freeze was implemented on the north coast of Labrador.
The price freeze can act as either a blessing or a curse for consumers in this region depending on global fuel trends.
Nunatsiavut consumers can see savings at the pumps if global fuel prices rise during the freeze.
The price freeze can see those consumers losing out if global fuel prices decrease.
Nunatsiavut consumers are witnessing small savings in gasoline two months after the price freeze was implemented.
The price of the fuel was set at nearly $1.36 per litre in central Labrador when the freeze was implemented on November 3.
The price is now set at a little over $1.36 per litre in the region.
The price of gasoline has been frozen at nearly $1.57 per litre here on the north coast.
Stove oil, on the other hand, has decreased elsewhere since the price freeze was implemented.
The price of that fuel was set at a little over $1.07 per litre in central Labrador when the price freeze was implemented at the beginning of November.
The price of stove oil has since decreased to a little over $1.05 per litre.
The frozen price of stove oil in this region has been frozen at a little over $1.29 per litre.
Only time will tell if we will if we witness savings or losses between now and when the price freeze is lifted when new fuels are able to be shipped into the communities.