Gas prices going up, but not by as much as predicted

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

Fears of a massive spike in gas prices across Prince Edward Island, like what was seen in other parts of Canada, is not expected to materialize on May 1.

However, gas prices will be going up, The Guardian has learned.

Gas, diesel and home heating oil will all increase by two cents per litre. That will push pump prices up to 141.9 to 143.1 cents per litre.

The Island Regulatory and Appeals Commission, which regulates gas prices in Prince Edward Island, will make the new prices official on Thursday.

Gasbuddy.com, a website that tracks gas prices in Canada, said the average pump price is now 137.6 cents per litre and holding steady.

Last week, gas prices spiked across the country.

Toronto, Fredericton and Saint John all broke the 140.0 cents per litre barrier last week with Montreal gas prices hitting 151.5 cents per litre.

The next scheduled price adjustment on P.E.I. will be on May 15.

 

Organizations: The Guardian, Island Regulatory and Appeals Commission

Geographic location: Prince Edward Island, Canada, Toronto Fredericton Saint John Montreal

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Recent comments

  • Gman
    May 01, 2014 - 10:30

    Yes Runs Down Hill someone does pay for the west's successes, westerners. The 4 western provinces combined pay for 70% of Canada's transfer payments and contribute the most to Canada's GDP. You be thanking the west for their success and contributions not criticizing them. They give innovation, high paying jobs & money to the country, money PEI scrambles to gobble up and squander every chance it gets then cries when no more is coming (ei. Bailing out bingo halls!!??). Time to crawl out from your rock and see the country for how it really works. Per capita Westerners contribute the most and take the least while islanders contribute the least but take the most. Western provinces proudly stand on their own feet, PEI is a welfare state.

    • huh
      May 01, 2014 - 18:02

      Actually, the west successes are paid for by those whom they export their natural resources to. Pretty sure that's not limited to the West.

  • Runs down hill
    May 01, 2014 - 06:14

    When you pave the streets in gold out west someone has to pay for it

  • w kennedy
    May 01, 2014 - 02:57

    Saw an actual chart for the last 2000 years in English history [except for a brief period around approx. 500 AD] inflation was constant all that time . Seems like those that can raise prices will and every one else suffers. We have not evolved yet???

  • Mike McQuillan
    April 30, 2014 - 21:09

    These gas prices won't do much to attract tourists for all the festivities that are planned for 2014. Even to come from Halifax...it would most likely be over 1 $150.00 for gas, then $45.00 for the bridge, plus lodging.....Gas has to come down....or "leisure" trips will become a thing of the past

    • broke
      May 01, 2014 - 07:02

      Leisure trips will not "become" a thing of the past... Sadly, for us, they "are" a thing of the past. We carpool to work, we don't travel anywhere unless absolutely necessary..... it's too expensive to live.

  • ONLY LOGICAL
    April 30, 2014 - 20:56

    It's only logical that IRAC would put the price up as the barrel price is the lowest it has been in over a year. Remember the PEI motto of NEVER GIVE A SUCKER AN EVEN BREAK.

  • M T POCKETS
    April 30, 2014 - 18:50

    PLEASE IRAC Stop these crazy increases . my pockets are empty. no need

  • don
    April 30, 2014 - 16:47

    gee i bet wes is as happy as he can be more money to donate to his liberal family's.