Gas prices go up; same for other fuels

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Gas prices

The Island Regulatory and Appeals Commission has approved a gas price increase of seven cents.

Furnace and stove oil prices will increase by 4.0 cpl; while Diesel prices will increase by 4.0 cpl; and propane prices will increase by 2.5 cpl for Superior Propane, by

5.0 cpl for Irving Energy Distribution and Marketing and by 2.7 cpl for

Kenmac Energy Inc.

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 127.3 cpl to 128.3 cpl.

The maximum price for furnace oil will now amount to 110.3 cpl plus GST.

In a statement released early this morning, IRAC said continued increases in the wholesale price of gasoline and distillate petroleum products since the Commission’s last price adjustment necessitate the above described petroleum product price increases.

The commission's next scheduled price adjustment will be on Feb. 15.

Organizations: Island Regulatory and Appeals Commission, Superior Propane

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Recent comments

  • Shawn
    February 01, 2013 - 13:48

    ";i will never VOTE AGAIN What looser the goverment '''''''''''''''''''''''''''''''''''''''''' " People who don't vote, don't get to complain.

  • John W.A. Curtis
    February 01, 2013 - 12:55

    There is more than one price for a barrel of oil and the rest is taxes. yes people are gouged

  • Matt
    February 01, 2013 - 11:19

    Enjoy, HST is coming. I've tried to live here a few times. Our family will be gone before April 1st. I can't believe the tax rates here on everything. The price of maintaining and heating a home. The price of fuel. The taxes on personal income. Tax at the cash register. Don't get me wrong, I'd love to live on the island but we just can't handle the taxes anymore. You're driving all us young people away. We do have families of our own to support. We don't need to support everyone else at the same time.

    February 01, 2013 - 10:58

    the price went from $1.19 to $1.27. EIGHT cents counting the extra taxes for Ghizzy and Wes.

  • Tom G. Offer
    February 01, 2013 - 09:21

    Well, are we as Islanders are really getting gouged with these prices. Here in Mission, Texas the price of gas is $3.09 a US gallon. You figure it out...approx 77 cents a litre........................Wow! and a lot of their oil is purchased from Canada!.

  • david
    February 01, 2013 - 08:44

    Here We go more money for the rich and none for us the tax payer ;i will never VOTE AGAIN What looser the goverment '''''''''''''''''''''''''''''''''''''''''' ON HERE THIS SITE OR WEB PAGE YOU CANT SAY WHAT YOU NEED TO; YOU NEED TO HAVE RESPECT JUST LIKE THE GOVERMENT HAS FOR US THE TAX PAYER WHAT A JOKE A ...

  • jeff
    February 01, 2013 - 08:36

    This is useful info on Feb 1st