P.E.I. gas prices up, heating oil down - Action News
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PEI

P.E.I. gas prices up, heating oil down

The price of gas is up on P.E.I. Tuesday morning, but the regular first of the month price adjustment by the Island Regulatory and Appeals Commission has lowered the price of heating oil.

Price changes part of scheduled IRAC review

FILE-In this Jan. 2, 2008 file photo, Wayne Holland of the Suburban Propane company delivers oil in Barre, Vt. More than a decade ago, Vermont began taxing electric bills to pay for a statewide energy efficiency program that's widely regarded as a big success. Now, there's a push to apply the same principle to home heating. A recent report from a task force assembled by the Department of Public Service estimated that to raise $30 million for expanded weatherization, programs would mean a tax on oil of about 12 cents per gallon. But advocates say the savings for consumers could be much larger.
Heating oil prices in P.E.I. went down Tuesday morning. (Toby Talbot/AP)

The price of gas is up on P.E.I. Tuesday morning, but the regular first of the month price adjustment by the Island Regulatory and Appeals Commission has lowered the price of heating oil.

  • Gas prices are upone cent per litre to a minimum of $0.996/litre.
  • Heating oil prices are down two cents per litre to $0.797/litre.
  • Diesel prices are down three cents per litre to a minimum of $1.1001.

Propane prices are down for two out of three sellers.

  • Superior Propane prices drop 0.4 cents/litre to $0.695/litre for bulk delivery.
  • Irving prices drop one cent/litre to $0.692/litre for bulk delivery.

Kenmac prices are unchanged at$0.692/litre for bulk delivery..

IRAC reports the wholesale price of gasoline is up recently, but wholesale prices of furnace oil and diesel have moderated, promptingthe retail price changes.

The next scheduled price adjustment is Dec. 15.

Corrections

  • A previous version of this story made one reference to gas prices going down. They are, in fact, higher.
    Dec 01, 2015 10:12 AM AT