Gas, diesel, home heating prices all dropping

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Gas prices are going down again in Prince Edward Island as well as diesel and home heating oil prices.

Prince Edward Island residents are being handed an early Christmas gift from the Island Regulatory and Appeals Commission.

The commission that regulates gas prices on the Island is expected to announce that gas prices will be dropping by 4.0 cents per litre effective midnight tonight.

The news is also good for diesel drivers. Diesel prices are expected to drop by 1.4 cents per litre.

Heating a home will also be cheaper on the Island.

The commission is expected to announce furnace and stove oil prices will fall by 2.0 cents per litre.

The new prices go into effect at 12:01 a.m. on Saturday, Dec. 15.

The commission will make the new prices official Saturday morning.

Pump prices for gas at self-serve stations will now range from 114.7 to 115.7 cents per litre.

According to, a website that tracks gas prices in North America, the average price at the pumps in Canada is 116.6 and holding steady.

The next scheduled price adjustment will be Jan. 1, 2013.



Organizations: Island Regulatory and Appeals Commission

Geographic location: Prince Edward Island, North America, Canada

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Recent comments

  • harold
    December 15, 2012 - 17:06

    Don't get all excited folks, this is just a blip-- it will gop up 6 cents at the end of the month--and then BAM on April 1st, - if you want pass GHIZ a note join us at his levee and pass it to him as you go through the line, - or just pass through the line, look him in the eye and watch his performance as the great host, - he is having his fun screwing the taxpayers, - now let us have some fun flooding his party, -done with our taxmoney I may add. haha

  • Is there a better way?
    December 15, 2012 - 13:02

    Why isn't there a way to average out the cost of buying fossil fuels? This IRAC lottery we play makes automatic billing and filling up the oil tank a hit and miss affair. How many people file up a day (or hours) before a price drop or hike?

  • Independant
    December 15, 2012 - 10:23

    I am still in shock that electric rates will be going up another 16% in the next 2 years. And the Bridge toll going up, gas will be going up 9% in April With the HST. Water and sewer taxes are going up. Merry Christmas everyone, good luck in the new year your going to need it.

  • fred
    December 15, 2012 - 10:14

    WOW ! That just made my christmas. With that big saving of 2 cents a litre on home heating oil ; My furnace will run an extra 2 hours on the thousand dollars it just cost me to fill my barrel. (there is a silver lining)

  • Concerned citizen
    December 14, 2012 - 22:12

    Merry Christmas and enjoy cause Mr. Ghiz is going sock it to us after New Years !

    December 14, 2012 - 17:42

    Great news, less worry for many, and will help make Christmas merrier for countless families. There's always a silver lining.

    • Are you
      December 14, 2012 - 22:03

      Are you not with it. This means a softening cushion for a week or two until people get totally nailed with costs going up BEFORE HST hits the province. This is so people will think it's safe to spend a few extra dollars on grandmother's Christmas present...when next month they'll not be able to pay the rent, or are short a few bucks for heat, and on it will go.

  • Shhhh
    December 14, 2012 - 17:40

    Don't tell Ghiz or Sheridan. On the other hand, if it's coming down now, that probably means it will go up double after Christmas. Never trust anything to do with the PE govt, Ghiz or his Ghizmos.