Gas prices cut by 2.2 cents per litre

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Even with the cut, which goes into effect at 12:01 a.m. Jan. 15, Islanders are still paying about 8 cents more per litre than the average price in Canada

This graphic, by Gasbuddy.com, shows the stark difference between Prince Edward Island and national gas prices.

Islanders are about to get a little break at the pumps.

Gas prices are expected to drop by 2.2 cents per litre at midnight tonight, The Guardian has learned.

That will leave pump prices at between 131.0 and 132.1 cents per litre.

Diesel prices will drop by 2.3 cents per litre.

Home heating oil, including furnace and stove oil, will drop by 2.0 cents per litre.

The new prices will go into effect at 12:01 a.m. on Wednesday, Jan. 15.

The next scheduled price adjustment is Feb. 1.

According to gasbuddy.com, a website that tracks gas prices in Canada, the average price at the pumps across the country is now 123.6 cents per litre.

So even with the drop in prices, Prince Edward Island drivers are still paying about 8 cents per litre more per litre than the average gas price in Canada.

 

 

Organizations: The Guardian

Geographic location: Canada, Prince Edward Island

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Recent comments

  • Billy
    January 15, 2014 - 13:13

    In Alberta it dropped 2cents also. I am told it can c be purchased for less than 1.00 per litre. I think it's called competion out there, not IRAC .

  • Just Another Area
    January 15, 2014 - 09:56

    What's the fuss , just another area that Islanders are getting robbed by this goverment , much like income tax . To have to pay the the highest amount in Canada for the privilege of living on PEI . We on PEI are real peasants to our masters , Ghiz & Wes . No one to blame but ourselves . Think about it .

    • Pete
      January 15, 2014 - 12:53

      Just Another Area, are you saying we have the highest income tax rate in Canada? That is incorrect (Quebec holds that distinction at all tax brackets and 4 provinces have higher rates in the lowest tax bracket). Or are you saying that we pay the highest fuel prices in Canada? That also is incorrect (Quebec, Newfoundland and Nova Scotia all are higher than us).

    • Average Islander
      January 15, 2014 - 14:34

      Yea, but my grandfather voted for the royal liberals, so I must as well. Right?

  • Gaz
    January 15, 2014 - 07:29

    I say we do away with IRAC...they serve no purpose other than to gouge islanders with higher gas prices than the majority of other Canadians.

    • intobed
      January 15, 2014 - 14:44

      Yes, I am sure the kind, gentle, and compassionate oil companies are frustrated that IRAC is not allowing them to lower the gas prices. Under no restraints, the oil companies would have free reign over us, and prices would skyrocket. We could complain all we want, the oil companies would not care.

  • vick
    January 15, 2014 - 06:13

    Drop it by 10 cents and you may get a thank you as well as a finally! Your not fooling anyone here its criminal whats going on here!

  • LLoyd MacLeod
    January 14, 2014 - 22:12

    Thank you for nothing. HST keeps us 8 cents above average price. Is,nt that just Wonderful?

  • don
    January 14, 2014 - 21:49

    yes down 2.2 and feb 1st up 6.6 wes needs the tax to cover his loses on the hst,loto,oci,and God knows what else.

  • don
    January 14, 2014 - 19:01

    check i think you will find the 8 cents is the added HST.

    • hurp
      January 14, 2014 - 23:59

      I think you are under the impression that HST is only a thing that is being implemented on Prince Edward Island. I just want to point out that HST is implemented elsewhere too.

    • Pete
      January 15, 2014 - 06:44

      Really Don? So you are saying that PEI is the only province with HST? Keep the "Don'isms" coming ... they rarely fail to give me a good chuckle to start my day :-)

    • don
      January 15, 2014 - 08:22

      Hurp. Yes the hst is in other places but not all of them is adding it to everything like clothing,food. Wes could have done a better job but he must get the money to help balance the books that they screwed up. And pete. I guess you must be in the rich money area so you can use the hst you pay as a tax right off lots of us can not. And think of the seniors needing items that was not taxed now it is the day will come when you will be in the poor area have fun with it.

    • Pete
      January 15, 2014 - 08:55

      I agree that the HST is a burden to many folks. My chuckle was about how you (and apparently Lloyd also) seemed to think that the HST was the reason why our prices were 8 cents above the average when in fact most other provinces also have HST affecting their fuel prices. The HST here pretty much works the same way here as it does everywhere else. Where did you get the idea that we pay HST on our food? Or is that just another Don'ism?

  • fed up
    January 14, 2014 - 19:00

    oh wow still 5 cents more than newbrunswick

  • Ren
    January 14, 2014 - 18:23

    Really, down that much. Wow!