It looks like the downward trend in the price for gasoline will continue this week in Nova cotia.

That from Consumers for Fair Gas Prices' George Murphy who is expecting to see prices fall by four cents, but he says there is the potential to see it fall even further.

Murphy says the big drop in the price for gas over the three weeks is hitting the oil and gas industry hard.

"They're going to throttle back on production, no doubt," said Murphy. "They're going to lay people off and that's happening over here at the North Atlantic refinery in Newfoundland and Labrador, they're laying people off to try to cut costs."

Prices were down in New Brunswick on Thursday morning. Regulated prices across the border falling by 4.4 cents to a new maximum price of 77.7

The drop comes just a day after New Brunswick's energy and utilities board invoked the interrupter clause, dropping the price at the pump by 8.8 cents.