P.E.I. gas prices dropping by 4.4 cents per litre

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Gas prices are going down again in Prince Edward Island.

After paying record high prices for gas for the past two weeks, Prince Edward Island drivers are about to get a bit of a break at the pumps.

The Guardian has learned gas prices will drop by 4.4 cents per litre effective 12:01 a.m. on Thursday, May 15.

That will cut prices to between 136.9 and 138.1 cents per litre.

Diesel prices will fall by 4.0 cents per litre.

Home heating oil prices will drop by 3.5 cents per litre.

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

The next scheduled price adjustment is on June 1.

Gasbuddy.com, a website that tracks gas prices in Canada, says the average gas price in Canada is now about 135.1 cents per litre, which means Island drivers are paying two to three cents per litre higher than the national average.

Organizations: Island Regulatory and Appeals Commission

Geographic location: Prince Edward Island, Canada

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Recent comments

  • the truth
    May 15, 2014 - 11:38

    considering oil companies make a profit if oil was 20 bucks barrel we really are getting ripped off.

    • However
      May 15, 2014 - 11:56

      If you told them to lower the price, they are making enough money to simply stop delivering to PEI until we changed our mind. Do you really think that PEI buys enough gas to get these guys worried?

    • davin
      May 15, 2014 - 13:25

      Considering we are the largest importer of oil to the States and our gas is more expensive than what Americans pay. What's wrong with this picture?