Prices for gas, diesel and home heating oil spiking

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Gas prices are going up across P.E.I.

It is going to cost more – a lot more – to take a road trip this weekend or to heat a home.

The Guardian has learned the Island Regulatory and Appeals Commission is set to hike prices for gas, diesel and home heating oil.

Gas prices will increase by 4 cents per litre effective 12:01 a.m. on Saturday, Feb. 1, 2014. That will push pump prices to 135.5 to 136.7 cents per litre.

Diesel prices will go up by 6 cents per litre.

Home heating oil, including furnace and stove oil, will also increase by 6.0 cents per litre.

The commission will announce the new prices on Saturday.

Gasbuddy.com, a website that tracks gas prices in North America, says the average pump price in Canada is now 125.8 cents per litre – that’s 10 cents a litre less than Prince Edward Island.

However, gasbuddy.com does note that gas prices are rising across the country.

The Island Regulatory and Appeals Commission’s next scheduled prices adjustment is on Feb. 15.

 

 

 

Organizations: Island Regulatory and Appeals Commission

Geographic location: North America, Canada, Prince Edward Island

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Recent comments

  • Jason
    March 21, 2014 - 18:20

    Time to fight fuel problems

  • K.C. Ervin
    February 02, 2014 - 15:40

    Enough of this nonsense! It's time for Islanders to march down to Ghiz' office and protest. IRAC and its mop-top leader should be shut down. The Liberals tell us they have no influence over IRAC...just like Harper's office says it has no influence over the Senate. Meanwhile, the oil/gas price fixing continues, the government reaps the tax benefits and the Irving's get richer on the backs of the middle class.

    • not me
      February 03, 2014 - 06:49

      Sure, you go right ahead and picket outside the inept premier's office. And while you're at it, why don't you go up to Ottawa and picket outside Harper's office too. He controls all the oil prices in Canada, you know. Let us know how you make out.

    • Stephen Cox
      February 22, 2014 - 18:34

      Premiers can't do anything about gas prices, neither can the King known as Harper. We sold our souls to oil Companies years ago.

  • Karen
    February 02, 2014 - 10:12

    Start avoiding the Wilson fuels, which includes the ESSO stations. Remember when they would not deliver to the island unless the government raised the price. Which they did. There is HST in NS and NB so there must be something else. The government is certainly reaping in the revenue in taxes so if they wanted to do something they could reduce the gas tax. They won't. So go to the Sobeys or Shell outlets for awhile.

  • jon
    February 01, 2014 - 22:50

    I moved to Alberta 7 years ago because I couldn't afford to live , eat and heat my house on P.E.I. . Best thing I ever done, I'll never move back, All Islanders need to do the same or you will live in poverty for your whole life. People told me the cost of living would be higher in Alberta... they lied, gas is cheaper ,natural gas is a fraction the price of heating oil, food is cheaper taxes are cheaper, prices of general goods are cheaper. Wages are triple that of P.E.I. My only regret from leaving P.E.I. is that I didn't do it 10 years earlier.

  • rotating blackouts
    February 01, 2014 - 21:42

    can we not show our collective strength somehow? IRAC NEEDS TO GO. avoid these places for these months(when I say avoid, I mean don't even cut through the lot to avoid a red light) feb- esso mar- irving april-petro can may- ultramar repeat until IRAC is GONE

  • We islanders
    February 01, 2014 - 21:38

    We islanders get it Ghiz/Sheridan. You hate us & screw us as much as you can but get your smarmy smiles out there in newspapers like you actually care. What the hell have you against us who live here. A lot of us stupidly voted you in the first time...many of us got it & didn't vote u in the second time. Ah but you got in. Explain to islanders what you have against us. Oh, sorry, you are on a jaunt to the orient on our tax dollars. So who went with you and what is it costing us who are back here in need of medical care, food banks needing to stock up, gas, propane, & heating oil gone up when families can barely feed themselves...unemployment unless one can get a job off island...the list goes on. Ghiz & Sheridan... look into your souls. Someday you will have to answer to someone higher as to why your greed hurt so many here on the island. Give that some serious thought.

  • Waste of Time
    February 01, 2014 - 21:21

    We can rant all we want in this useless forum. Have you ever yet seen any reponse from any government official responsible for any issue wade in to date to debate anything here. I challenge any ellected MLA to identify themselves and respond to any issue presented here. Does anyone agree. What a dam..ed waste of time!!!!!

  • Brian
    February 01, 2014 - 21:05

    Funny thing is everyday cars come to work in town most with one person in each car not very many want to save gas or car upkeep.

  • Peter M
    February 01, 2014 - 17:19

    Can IRAC explain why exactly Prince Edward Island has the highest prices in Canada? That is the answer we all want to know. Maybe perhaps getting rid of IRAC there could be pricing wars among gas stations. IRAC doesn't serve anybody but the government here.

  • sammy
    February 01, 2014 - 15:53

    No mention of propane here. just checked the IRAC orders. propane was increased 9.8 cents Jan 31 Since Sep 30 last year (I stopped looking there) it has increased as per the table below... not to mention the HST that was put on top of it back in April... so it you food cost more at the local restaurant this may be one of the reasons (plus HST). Surprised the Guardian didn't mention the large increase in propane in their article??? Jan 31 9.8 cents liter Dec 31 5.4 cents liter Nov 29 4.1 cents liter Oct 31 1.8 cents liter Sep 30 5.7 cents liter

  • Woody
    February 01, 2014 - 15:10

    Oil and gas prices are just going to continue to go up. We are heading into a post petroleum age, so get ready for it. Switch to a wood burning appliance, or even supplement your heat with an efficient wood stove in the main room you use. The initial cost of a flue and stove is a lot but you will see savings. We save quite a bit by burning wood, a renewable resource.

    • The Observer from Stratford
      February 01, 2014 - 15:25

      No you won't. Guess what will happen to wood prices if everyone took your advice. A family member is right converting to propane because he's fed up with the rapidly increasing price for firewood. You can't win.

    • The Observer from Stratford
      February 01, 2014 - 15:27

      Note to the Guardian. From the time I hit "send" to the time I get told my comment has been accepted can be as much as a minute. No wonder so many people here end up double posting. It's because they think their first attempt didn't go through.

  • Differnet Thought
    February 01, 2014 - 14:10

    Yes the price of everything is going up and will always go up. Too bad we didn't have better built homes that didn't leak so much of that heating money. Maybe if we would of concerned ourselves more about efficiency when we had the extra little bit of money instead of spending it a little too freely. Gas crisis, in the 70's, pump up your tires more, buy smaller cars. I don't think we as a society ever learn from the past. Guess what in 10 years we'll probably be wishing for these times, when we only had to choose between this or that, instead of this that or anything at all. Our abuse of the world in general will come back to bit us. Wait until we have to start paying for the next power plant. Everyone buying air souce heat pumps which lowered their heating bill but now Maritime Electric has to produce more electricity. Maybe if we spent that $3000-$5000 on air leaks and insulation trying to keep what heat we make in we'd be in a better position. Just my 1/2 cent.

  • Kevin Gallant
    February 01, 2014 - 13:10

    Tip of the iceberg. The more families that leave this island to go west for work the higher the price of all things will be. Food, electricity, heat, taxes....etc. it is not going to stop. Wait until they start gouging us on property taxes far worse than we could have imagined. It is beyond complaining. You really have to leave this island to escape this type of robbery. I honestly believe the grass is greener and can whole heartedly say that I will be relocating my young family away from this poor excuse for a functional society. The PEI we all loved and grew up in is gone and shall not return. Some of you say you don't like Wes Sheridan? Wait until he introduces our fragile land to fracking. Which is coming soon. Take care. My two cents.

  • exxon shareholder
    February 01, 2014 - 12:49

    Well it's about time!

  • Steve
    February 01, 2014 - 12:16

    To all those taking shots at Ghiz and the Liberals, do you honestly think that Premier Aylward would be able to do any different? A piddly little economy like PEI cannot protect everyone here from global economic trends, and we should stop all this false indignation and admit that is the case..

  • Ricepointer
    February 01, 2014 - 11:04

    it is criminal were paying what we are for gas/home heating oil/propane why is the Ghiz government not looking at putting up minimum wage from 10?? Something I clearly remember when he was elected how he was going to take care of the islanders. The next election I know who im not voting for !!!!

    • jerry
      February 01, 2014 - 12:55

      You must have very limited education if you think the tiny little PEI population and its mayor/premier wannabes like Ghiz, Myers, Redmond, etc. have any influence on the price of fuel. Here's a hint: THEY DON'T. But hey - they'll say anything out their rear ends to get your vote, that's for sure. I'd like to see IRAC shut down and let Irving and Esso and Ultramar charge what the market in PEI will support. It probably wouldn't be a whole lot different from IRAC-set prices. Maybe fluctuate by 10 cents from time to time (especially near holiday weekends). But you have to realize, we have the same population as a province as a medium-sized town in Ontario or the U.S. And we have no oil wells and no oil refineries. We are SMALL !!!! And a liquid - like fuel - is heavy and costs money to transport it here. And store it. And then sell it. Fuel isn't free.

    • Old South
      February 01, 2014 - 16:51

      The price of gas in Florida today is the equivalent of .85/liter and has been declining slowly since Dec 1. Of course with the price of oil being dictated by the US dollar and our government allowing our Cdn dollar to decline it's not surprising that the gas price in PEI is so high. And yes, it is cheaper to live here in the winter and still maintain a home in PEI.

    • island trucker
      February 02, 2014 - 12:15

      @south Lots of refineries in southern US + big population (demand) so they bring in lots of supply. So prices are less due to economies of scale. Florida has 30 times the population of the Maritimes. No comparison. And how's that public health care down there?

  • Struggling in PEI
    February 01, 2014 - 10:14

    Hard to believe, 6 cent increase for oil when they know we need oil right now to keep warm, what about the senior citizens, the average wage earner (10.00) per hour, the disabled, the sick that have to travel outside of the Province for medical treatment, the ones on a fixed income, the students travelling back and forth to get an education, with limited funds, etc. The price of gas to get to a 10.00 an hour job, what are we to do on this Island, Do they just want us to give up? I guess the Premier and Irac are just not interested if we lose our homes, our jobs, or our dignity. They are still making the high bucks! Who will listen to us anyway, no elected official that has the power to do anything. Keep it up and we will soon be a ghost town.

  • Struggling in PEI
    February 01, 2014 - 10:13

    Hard to believe, 6 cent increase for oil when they know we need oil right now to keep warm, what about the senior citizens, the average wage earner (10.00) per hour, the disabled, the sick that have to travel outside of the Province for medical treatment, the ones on a fixed income, the students travelling back and forth to get an education, with limited funds, etc. The price of gas to get to a 10.00 an hour job, what are we to do on this Island, Do they just want us to give up? I guess the Premier and Irac are just not interested if we lose our homes, our jobs, or our dignity. They are still making the high bucks! Who will listen to us anyway, no elected official that has the power to do anything. Keep it up and we will soon be a ghost town.

  • Another Concerned Islander
    February 01, 2014 - 08:07

    The price of oil per barrel is down, less than $100. So why are we paying more for fuel?! The explanation given before is that the price of gas, etc was tied to the price of oil. How much more are we paying now compared to the last time the price of oil was less than $100 per barrel?! Time to turn the thermostats down another degree or two. So looking forward to the next election!

    • The Observer from Stratford
      February 01, 2014 - 11:16

      Our gas prices according to IRAC seem to be based more on the Brent Crude price rather than the much ballyhooed Texas price you see on the news. Brent is the European price and is almost always at least $10 higher/barrel than WTI. However it too has been coming down recently. This spike I suspect can be attributed to the extremely cold weather all of North America has been experiencing. That gives IRAC a plausible reason to up the prices. (Note I said plausible not justifiable).

  • Lonely wife
    February 01, 2014 - 07:23

    Sick of the prices on the Island being so high it is getting to be one of the most taxed and expensive places to live in Canada. MY husband works in Alberta, but all the money is spent on PEI and so are the taxes that are paid off the money made elsewhere, it would be better to just move the family there so we could all be together and pay Alberta taxes which are so much cheaper, time to make our governing body much smaller because we are paying for too many that fail to listen to our concerns anyway! I have been waiting since September for Valerie Docherty to return my only call to a member ever. There should be a tax write off for all people that have to leave in order to work in the area they are trained to cover the flights , separation from family, taxi's and loss of sleep on flight days. My family have been Liberals for generations but a lot of thinking strongly that its a time for change.

  • thank a liberal for HST
    January 31, 2014 - 22:19

    Islanders used to have better gas prices than New Brunswick, now we are ALWAYS HIGHER. We are getting hit 10 % harder than the Canadian average (which of course the other provinces also have adjusted the prices up ). Everyone should show Robbie and his party the appreciation they deserve for this. Don't forget !!

  • thank a liberal for HST
    January 31, 2014 - 22:15

    Islanders used to have better gas prices than New Brunswick, now we are ALWAYS HIGHER. We are getting hit 10 % harder than the Canadian average (which of course the other provinces also have adjusted the prices up ). Everyone should show Robbie and his party the appreciation they deserve for this. Don't forget !!

  • Stewart Smith
    January 31, 2014 - 21:35

    While higher prices will cause us to use less energy, which is a good thing, they will also support the production of dirty energy like the tar sands and fracked gas. We can't win either way. The only solution is for us to move away from fossil fuels - and we, as consumers, have to drive this change.

    • Garth Staples
      February 01, 2014 - 08:03

      Good Luck. anyway! So what are you going to do when you need new tires for your car etc etc etc?

  • intobed
    January 31, 2014 - 21:16

    Well, of course the prices are rising. A barrel of oil is priced in US dollars, and the Canadian dollar is dropping in value compared to the US dollar. About a ten cent drop in the last few months. The federal government wants this because a lower Canadian dollar will "boost the economy". So how about it everybody, do you feel ... boosted?

  • up easterner
    January 31, 2014 - 20:56

    LUUVING __ CK, when is this ever going to end . Everything just continues to sky rocket,and our fearless leaders are heading for their EXCELLENT ADVENTURE to Asia and Robert Ghiz does not know at what expense to the tax payers. Have a GREAT TRIP BOBBY and the BOYS!!! Oh, Why don't ya take the IRAC clan and drop them off in IRAQ on the way by.

  • The Observer from Stratford
    January 31, 2014 - 19:37

    Time for a citizens revolt! To the barricades!

  • sally
    January 31, 2014 - 19:10

    They pay to high of wages west so now we little people have to pay for it at the pumps!!

  • sally
    January 31, 2014 - 19:09

    They pay to high of wages west so now we little people pay have to pay for it at the pumps!!

  • Wow eh
    January 31, 2014 - 18:34

    Gotta love a Ghiz Liberal government. Take from the poor & give to the rich.

  • EMPTY POCKETS
    January 31, 2014 - 17:55

    Why why do they do this. I know that every one will bear the brunt of this increase, but the low income and pensioners will be hit the most. How about the people that must travel to Halifax etc for Medical issues, More people will have to cancell appointments that were made monthsago . Put a cap on it for once

  • Well now
    January 31, 2014 - 17:37

    Thank u Ghiz & Sheridan....you just keep on screwing islanders.

    • don
      February 01, 2014 - 17:55

      remember that come election day. and remember when your kids get out of grade 12 and can not tell you what 1+1=

  • don
    January 31, 2014 - 17:37

    i guess ghiz needs the extra money to look like a billionaire leader of PEI. funny he is going away next week and the gas takes a big jump.

  • gomaz
    January 31, 2014 - 17:35

    To eat or to heat?????????never mind the gas,,,,,,,,,

  • Johnny Drama
    January 31, 2014 - 17:11

    Not that I'm a fan of increasing gas prices, but to say that it will cost "a lot more" to take a road trip seems a little dramatic.. Seems to me like a roady to Monton might cost ya an extra twoonie

    • OUT IN THE COLD
      February 01, 2014 - 08:30

      To Johnny Drama , What the Heck are you driving ,a camel? Seems to me that you, my dear fellow are way out of touch with reality . Try travelling on a daily basis to work ,heating your home and pay other utilities then see how much you have left after mortgage,insurance ,taxes, car payments to buy groceries and basic necessities , then maybe you will see the big picture and not through those rose colored glasses you are looking through. Must be the same glasses Bobbie and the boys are wearing.