Gas, diesel, home heating oil prices all increasing March 1

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Gas prices are going up across P.E.I. as are diesel and home heating oil prices.

Prince Edward Island residents will be paying more to fuel their cars and heat their homes as they turn the calendar to March, The Guardian has learned.

Gas prices will be increasing by 2.6 cents per litre effective 12:01 a.m. on Saturday, March 1. That will push pump prices to 138.5 to 139.7 cents per litre.

By compassion, the average gas price in Canada, according to Gasbuddy.com, is 131.2 cents per litre and rising.

Diesel prices will increase by 2.5 cents per litre.

The news isn’t much better for home heating oil.

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

The Island Regulatory and Appeals Commission, which regulates gas prices in the province, will make the new prices official on Saturday.

The next scheduled price adjustment is on March 15.

 

 

 

Organizations: The Guardian, Island Regulatory and Appeals Commission

Geographic location: Prince Edward Island, Canada

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Comments

Recent comments

  • Someone
    March 03, 2014 - 08:25

    Yet another article where the reason for the increase is supposed to be published and it is not. Either the Guardian is dropping the ball or IRAC is.

  • open market
    March 02, 2014 - 12:06

    Get rid of government-imposed price regulation. Let the free market decide what the price will be. And let places like SuperStore and Sobeys and Canadian Tire sell gas and diesel too...

  • EIFISHERMAN
    March 01, 2014 - 20:43

    Islanders are going to end up living in tar paper shacks or shelters covered with spruce bows burning wood only and cooking over camp fires like 200 years ago .

  • Amber
    March 01, 2014 - 15:53

    My oil bill has been higher these past two months than they've been in the whole 6 years I've been living in this house! I will say, though, Island Petroleum came to our house to fill up our tank yesterday, before the price hike came in. I know it's not much - but it is a savings. All of that to say, I think we have to realize that sometimes even the "bad" guys are doing what they can to help.

  • Ron b
    March 01, 2014 - 14:56

    Take the last dollar from my pay you bunch of greedy!!!!!!!!!!!!!!!!!!!!!! They won't let print what I really want to say!

  • dave anger
    March 01, 2014 - 12:16

    The government loves the higher price more HST revenue

  • mike
    March 01, 2014 - 11:16

    108.1 here in edmonton was 101 last week

  • The G is Silent
    March 01, 2014 - 10:52

    Sadly about the only means (power) available for the muted consumer would be to mass boycott selected vendors as said vendors would then turn to governments and demand action. Governments listen to the corporations, not the people.

  • KNOW AHEAD OF TIME
    March 01, 2014 - 10:46

    This is a joke of the worst kind. Anyone who thinks that the oil delivery companies on PEI do not know ahead of the announcement of the increases is either naive or stupid. One of them let it slip last Wednesday that it was going up.

  • TO REGULAR JOE
    March 01, 2014 - 10:40

    You say the Government should step in. Who do you think IRAC works for?? Robert and Wes need more tax money to give away to their backers. As for the members of IRAC, they will get theirs when they are no longer needed by Wes and have to start paying like the rest of us. Then they will realize they have been duped and mean nothing to the scum in office.

  • Shirley
    March 01, 2014 - 09:40

    There is only one way to fix this and not only on the island but everywhere is for everyone to stop using gas for two or three days and then we will be heard but if no one will step up and set a day to do this and everyone except emergency vehicles do this it will not stop. Time to stand up and be heard or keep paying the choice is ours.

  • out in the cold
    March 01, 2014 - 07:21

    Enough already , People are in real trouble now and with more increases things are going to get terribly worse . Farmers ,fishers ,truckers ,business owners,homeowners etc. , no one is amune from this attack by large oil companies and Govt. has done nothing . People please stand up and call your MLA and continue to do so ,may not help but it Damn well cant hurt.

  • Jim
    March 01, 2014 - 06:50

    Do you know in some parts of Ontario, the price per litre is 116.9. Hard to imagine.

  • Bleeding Taxpayer
    March 01, 2014 - 06:47

    When are PE Islanders going to wake up and demand that IRAC be gone. It's comprised of a bunch of political hacks who are given a golden handshake by the governing party providing they do what they're told by the Premier in power. Taxes continue to rise in PEI despite the fact the working class is moving elsewhere. All the political handouts are coming home to roost and all Ghiz and Sheridan can do is keep on raising taxes in an attempt to pay for all the abuse of tax dollars. Eventually the bubble will burst and Islanders will come calling. Civil unrest can happen here if the corruption doesn't stop. We're not immune to it.

  • Dale
    March 01, 2014 - 06:06

    Nothing like sticking us with a knife and now twisting the blade!

  • justin
    March 01, 2014 - 02:47

    The price now is where it was several years ago when all Governments and people started to get upset and even stop driving. Provincial Governments can't control these prices it has to be done by Ottawa and Washington. People have to start in masses to stop driving for a day or more. When a million people leave their cars at home for day a week that is when thinks start to change. Islanders make no difference on prices. The media and large number of people have to start making the prices an issue right now no one seems to mind paying the higher prices.

  • Environmental Looney
    February 28, 2014 - 22:31

    We are finally winning the war. Higher prices mean less usage. Too bad for the 80% on PEI that are the working poor and rely on low gas and oil prices to live and feed their families. You are wrong. We are right. Climate Change is real. We all know that. Making sure you all go broke trying to make a living is the only way to fix it.

  • Environmental Looney
    February 28, 2014 - 22:31

    We are finally winning the war. Higher prices mean less usage. Too bad for the 80% on PEI that are the working poor and rely on low gas and oil prices to live and feed their families. You are wrong. We are right. Climate Change is real. We all know that. Making sure you all go broke trying to make a living is the only way to fix it.

  • ISLANDER
    February 28, 2014 - 21:23

    CRAZY JUST NOTHING BUT CRAZY SO FED UP !!!!!!!!!!!!!!!!!!!!!!

  • don
    February 28, 2014 - 21:09

    well here we go wes needs more money so he pulls the strings on the patronage puppets. and they obey just like the little boys and girls.

  • Regular Joe
    Regular Joe
    February 28, 2014 - 20:43

    OK when are these people going to be made answer for their decisions an why they were made . Nothing about prices going down last week when oil dropped in price . Now it goes up a few cents an we get scalped again . Time this provincial Government stepped in and regulated their taxes like they promised to lower the price . Christ we are now 7 cents a liter higher then the national average . Thank god we have IRAC looking out for us .

  • Grammer Nut
    February 28, 2014 - 20:32

    I assume you mean "By comparison" though it would be nice if the government showed us some compassion in regards to gas and oil prices

  • Moonshine fuel
    February 28, 2014 - 19:38

    I'm wondering what excuse IRAC will have about the raise of fuel and propane its should be interesting,we have nobody to work for the taxpayers of PEI,it's time Tobe passing out pink slips,because IRAC definitely not there for the people its a proven fact,it's time to start making moonshine and start burning it in our vehicles....IRAC will have nothing to do or say about it either.....This island is scr*we'd big timeand the political damage can notbe fixed. ,

  • Why why
    February 28, 2014 - 19:26

    For no other reason than Ghiz, Sheridan, & Liberal government of PEI, screwing islanders every chance they get.

  • exxon shareholder
    February 28, 2014 - 19:11

    It's about time! Keep it coming.