Propane prices drop, gasoline up

Published on May 31, 2014

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.