New year, new gas prices and they're up 3.5 cents per litre

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Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 133.5 to 134.6 cents per litre.

Gas

A new year means new prices at the pumps across P.E.I and those prices are up across the board.

Gasoline prices will increase by 3.5 cents per litre, the Island Regulatory and Appeals Commission announced overnight.

Furnace and stove oil prices will increase by 2.0 cents per litre.

Diesel prices will increase by 2.0 cents per litre.

Propane prices will increase by 3.7 cents per litre for Superior Propane, by 5.4 cents per litre for Irving Energy Distribution and Marketing and by 6.4 cents per litre for Kenmac Energy Inc. 

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 133.5 to 134.6 cents per litre.

The maximum price for furnace oil will now amount to 115.3 cents per litre plus tax.

The new prices are now in effect.

The commission's next scheduled price adjustment will be on Jan. 15, 2014.

Organizations: Regulatory and Appeals Commission, Superior Propane, Energy Inc.

Geographic location: P.E.I

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Recent comments

  • w kennedy
    January 02, 2014 - 23:48

    Oil is a Federal Crown Asset. It is leased only and could be taken back like one time in Mexico? Then we could call it maybe Petro-Can???

  • intobed
    January 02, 2014 - 23:00

    This is taken from a news site, January 2nd: "In other energy futures trading, wholesale gasoline fell 9.1 cents to close at $2.695 US a U.S. gallon (3.79 litres), heating oil fell 7.8 cents to close at US$2.987 a gallon and natural gas futures for February rose 9.1 cents to close at $4.321 per 1,000 cubic feet."

  • reality check
    January 02, 2014 - 15:04

    I propose that we have 2 different prices for gasoline in PEI. The normal high price that convicted drunk drivers should be forced to pay for the rest of their sad pathetic lives. And a lower discounted price for law-abiding citizens who care about the safety of others.

  • Ren
    January 02, 2014 - 13:55

    Cost more to fill car up so you don't drive as much. Thus you don't go to the stores to spend. So business hurt and HST is down. Who wins here?

  • DrB
    January 02, 2014 - 12:42

    Why are we paying $133.5/Litre($6.06/Gal) when 10 minutes off the bridge you can buy gas for $124.9/Litre? Which is the national average.

  • Lloyd Kerry
    January 01, 2014 - 20:42

    Not warm and fuzzy like sitting back giving suggestions people can't afford. Affordable always trumps practical. Most working people know that.

  • Billy
    January 01, 2014 - 18:06

    So Steve, are you telling me to put milk in my car instead of gas or have the cow pull me around.

  • steve felker
    January 01, 2014 - 17:25

    s is still cheaper than milk per litre and the cows are above ground.Think about that next time you buy gas

  • The Observer from Stratford
    January 01, 2014 - 14:49

    The usual shoddy "explanation" for this increase is posted in IRAC's announcement at their website. Something to do with the wholesale price of gas, refinery issues etc. Not a mention this time of Brent Crude (it has stayed close to steady for the past half month) which was their principal rationalization for raising the price on Dec. 15. The way gas is currently priced makes it the perfect con for the oil companies. There is always at least one of the items used to determine the price that has gone up in value and thus can be used to justify an increase. It is all just a big shell game that we the consumers can't win. A full fledged strike/boycott against the gas companies may be the public's only recourse but that is unlikely in this nation of sheep.

  • don
    January 01, 2014 - 14:44

    well in my 50 plus years born and raised on PEI. i have never seen a want to be government that has such a disregard for the people of PEI. it is a dictatorship of a government. they treat islanders like a group of slaves in a 4th world. and yet they are PROUD of what they have done. what islanders i think really would like to do and say would get them in jail. but ghiz,wes your are lucky we do not live in a few countries where the people shot the government. but your day will come when you really need the people when you have NOTHING but the food bank and if i could i would turn you all away and tell you go look in the garbage bins.

  • w kennedy
    January 01, 2014 - 14:21

    stopped driving when it hit 38 litre [1.40 us gal] of course since then I make LESS money and most are poorer. Maybe convert to wind gen hydrogen. Seems more cars on road anyway???

  • Lloyd Kerry
    January 01, 2014 - 14:02

    It's all well and good for people to get warm and fuzzy with suggestions like "own a more fuel efficient car" or "insulate your house", but those things aren't helpful suggestions if you and your partner make $10-12 an hour, a common wage on PEI. The government doesn't want to help low-wage earners, and your suggestions don't help either. Perhaps you should keep them to yourself.

    • huh
      January 01, 2014 - 14:59

      So changing governments is the answer, is it?

    • John
      January 01, 2014 - 18:51

      Hardly warm and fuzzy. Just practical. What do you suggest? Whining?

  • kissmyassghiz
    January 01, 2014 - 11:49

    Fill your boots...... wes&ghiz

  • Lloyd Kerry
    January 01, 2014 - 11:24

    Wes Sheridan and his government said, in this newspaper, in April 2012, a year before the implementation of HST, that excise taxes would be 'competitive within the region'. Today gas is $128.7 in Moncton and $127.9 in Fredericton, $134.6 in PEI. That's competitive? I hope these morons remember this when they come calling in the next election!

  • woodworker
    January 01, 2014 - 11:20

    I don't know why we pay people on IRAC to control the price of fuel. A child with no knowledge knows how to put the price of fuel up with no reason to do so

  • John
    January 01, 2014 - 11:02

    There is a way to combat high prices: conserve. Drive less, carpool, take public transit, own a more fuel efficient vehicle, insulate your house, turn the thermostat down. It won't address the political situation immediately, but it will save you money. Cut automobile use and hence fuel consumption by even 10% and you are saving the equivalent of 13 or so cents per litre. A decrease in consumption will moderate prices eventually, athough only marginally with gasoline. Political change will take longer, if ever ay all.

    • don
      January 01, 2014 - 14:48

      if this could be done is stop driving all cars except emergency vehicles. for say 6 months see how fast the prices would drop as the oil companies would ORDER wes to drop the extra tax. and that includes all government mla's cars.

  • Karen
    January 01, 2014 - 10:13

    Prices are dropping in Alberta and gas can be found for about .98 cents per litre in CAlgary. Prices up to last year used to be about .10 cents per litre more in Pei over Alberta what has happened. Brent crude is not that much higher than west Texas. Got to be the Maritime provinces just use it as a gross revenue now, why don't they just come out and say it.

  • SlyFox
    January 01, 2014 - 10:08

    Gas now is at $5.05 a gallon in PEI and in the US it is $3.49. PEI is paying more now for gas per litre than Hawaii. Gas prices have been falling in the US since 2012 and expect the same for 2014.

    • w kennedy
      January 02, 2014 - 14:17

      Mexico at some point got fed up and expropriated oil companies, in theory all Canadian resources [ Com. China has invested in this???] were Crown property and only leased for exploitation. . The Americans were complaining about gas prices and at this time not aware the oil cos. are importing less foreign oil {maybe 80% not sure numbers] as it being replaced by "fracking" old wells. Venezuelans [Irving gets crude from here] get the benefit of local resources and were paying only 15 cents a litre.

  • Wow
    January 01, 2014 - 09:59

    At a gas station just West of Edmonton I fueled up this morning and the price was $1.053 per litre. Ouch on your price! I am a displaced Islander and I love that they don't have the choke hold of IRAC out here! Islanders need to start screaming and throw them out on their behinds!

  • Squirrel
    January 01, 2014 - 09:31

    If this is Wes's formula then it has to change. We are the highest in Canada - Wes move !!!!

  • Squirrel
    January 01, 2014 - 09:27

    If this is Wes's formula then it has to change. We are the highest in Canada - Wes move !!!!

    • don
      January 01, 2014 - 13:43

      and the scary part of wes is he was a "BANKER" should i say more.

  • Ghiz gotta go
    January 01, 2014 - 09:26

    There has to be a way to RECALL this Liberal govt & demand an election THIS YEAR.

  • WHAT NO EXPLANATION
    January 01, 2014 - 08:55

    Where is the increase explanation we are supposed to get?? I assume that when you cannot supply a reason for the increase except that it will bring in more taxes for the gang then it is better to keep your mouth shut, right IRAC. I assume that the Government motto for this year has changed from NEVER GIVE A SUCKER AN EVEN BREAK to LET THEM FREEZE IN THE DARK.

    • don
      January 01, 2014 - 09:46

      mark my words. what goes around comes around. they will get back what they have done to islanders 7 times. but how many dumb islanders ill vote lairs back in?

  • Lloyd
    January 01, 2014 - 08:11

    Wonderful news. It should have gone up ten cents or more. The tools need a few more million to blow on the party. I guess everybody knows the tools.

  • waldorf
    January 01, 2014 - 07:41

    http://www.edmontongasprices.com/ thank you ROBERT GHIZ FOR THE HST AND NOT DOING ANYTHING ABOUT THE HIGH COST OF LIVING HERE ON OUR GENTLY ISLAND. GAS IS 30 CENT A LITRE CHEAPER IN EDMONTON RIGHT NOW.... THE POOR ON PEI ARE BEING ROBBED BY THE OIL COMPANIES AND MARITIME ELECTRIC AND YOUR GOVERMENT...

  • brady creed
    January 01, 2014 - 07:32

    Why is gas up dropped the other day by more then a Dollar .And yes i no it is bought three months ago but then it was 8$ dollars cheaper then yesterday .Only reason i can find online is that both levels of Govt are broke more tax revenue .It is about time Elected Govt give up there fuel cards .The peasants are starting to get sick of this ...

    • don
      January 01, 2014 - 09:57

      IRAC is a joke they could not get a job cleaning out pig pens so ghiz gave them all patronage jobs to pay for the votes. irac you are all a gang of jokers. none of you have a glue about fuel, lets see retired teacher,food salesmens, check this link and you will see how many years they have in the fuel field. but see the years they got appointed interesting. http://www.irac.pe.ca/aboutiraccommissioners/

  • Mike C
    January 01, 2014 - 07:05

    Totally disgusted! Enjoy your pay raise politicians.

  • poor islander
    January 01, 2014 - 06:56

    Where is the explination for the price increase?

  • Ren
    January 01, 2014 - 06:26

    Robert, Wes help please.

  • don
    January 01, 2014 - 06:10

    wes put up the tax on oil prices to cover the hst lose's the he LIED about. and we are SCREWED again. how many will vote them in now?thank you liberal voters i hope you are hurting more then anyone else on PEI....

    • I Agree
      January 01, 2014 - 09:30

      I agree Don , the only problem is Islanders haven't got the brains to vote any other way so will vote them back in . Sick ye