P.E.I. gas price at record high - Action News
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PEI

P.E.I. gas price at record high

Prince Edward Islanders are now paying more than ever for a litre of gasoline, before inflation is accounted for.

Price still lower than inflation-adjusted high

A man holds a leaking gas nozzle at a station while filling his car.
P.E.I. gas prices are now more than $1.40/litre. (Christopher Katsarov/The Canadian Press)

Prince Edward Islanders are now paying more than ever for a litre of gas.

On Friday the Island Regulatory and Appeals Commission increased the minimum price for a litre of regular, self-serve to $1.428.

That tops the previous high of $1.419 in May 2014.

If you take into account inflation, however, the current price is far short of the all-time high.

In July 2008 the price reached $1.391, the equivalent of $1.711 today.