Propane prices drop, gasoline up

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

Propane prices saw a significant drop in Prince Edward Island this weekend, while gasoline prices increased.

Propane decreased by 8.4 cents per litre for Superior Propane and Irving Energy Distribution and Marketing, and by 7.3 cents per litre for Kenmac Energy Inc.

Gasoline prices increased by 1.5 cents per litre

The Island Regulatory and Appeals Commission approved the changes to be effective for Sunday, June 1.

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 138.6 to 139.8 cents per litre.

Gasbuddy.com, a website that tracks gas prices in Canada, says the average pump price in the country is 135.5 and holding steady.

That puts P.E.I. gas prices three to four cents higher than the national average.   

Propane prices will now range from 82.6 to 84.4 cents per litre before tax.

There was no change in price for furnace oil or diesel. The maximum price for furnace oil will continue to be 106.8 cents per litre before tax.

The commission's next scheduled price adjustment will be on June 15, 2014.

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Recent comments

  • WE are held hostage
    June 02, 2014 - 08:11

    NO matter how stale and stagnant this Govt is and we know we need a change..it is not all their fault the prices are high,they could cut some of the taxes that is about it...the are held captive like the rest of us by the energy industry , it is almost a monoply.....playing one geographic area off against another.What formula do they use???We have a refinery ,we have seaports....why do we only stay with one company or one formula?

  • Goat herder
    June 02, 2014 - 05:02

    Get rid of Ghiz and his crew they sunk this island into the ground too many times,and IRAC is a big joke and no explanation why gas went up in price they (IRAC ) is a laughing matter time to abolish some free loading jobs....PS. The now warm weather is here no adjustments to heating oil....lol.

  • I say
    June 01, 2014 - 09:10

    I say reporters should be asking the Ghiz govt WHY our prices are as bad as they are, as they seem to be set at the govt convenience as to up or down. Plus, staying the same is not good news.

  • Squirrel
    June 01, 2014 - 09:04

    Why ??? Why ??? Wes go back to you old job then you can only affect a few not everybody. We are 4 cents above "AVERAGE " , change the formula ???? Or better why is the Maritimes all under 1 formula.

  • Stan
    May 31, 2014 - 18:46

    "The good news is that home heating oil and diesel prices will remain unchanged!? True that it's better than going up but...it should have gone down, significantly, in price!

  • PErhaps
    May 31, 2014 - 18:22

    The extra tax can go to supporting local abortion services. And that's a good thing.

    • Observer from the East
      June 02, 2014 - 12:50

      This story has nothing to do with abortion. Let's leave it that way please. I, like the majority of people on PEI, are tired of hearing about abortion every single day

  • Regular Joe
    Regular Joe
    May 31, 2014 - 16:31

    Funny when a week and a half ago gas went down on the world market ,did it go down here NO. So now that it rose a little they have to jump the price . Time for IRAC to go they are a useless patronage position plain an simple . They have no control or say over what happens with the price of fuel so why are we paying them to make believe they do .Things would be better if it was every man for themselves . Sure we would maybe have gas wars but so what , only loser in them is the dealer . You can bet they don't care about the consumer so why should the consumer be protecting them with IRAC .