Change in fuel prices

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The price of gasoline on the Island went down by one cent per litre (cpl) Sunday.

However, furnace and stove oil prices have gone up by 1.5 cpl and there was no change in diesel or propane prices.

Pump prices for regular unleaded gasoline at self-serve outlets will now range from 129.5 cpl to 130.6 cpl.

The maximum price for furnace oil will now amount to 113.3 cpl plus tax.

The Island Regulator and Appeals Commission has stated that full production capacity at a number of North American East Coast refineries has helped with shortages, allowing the price to drop slightly.

But seasonal demand and continually strong exports of furnace oil to South America and Europe has served to drive up demand for that product. 

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  • DO YOU SPEAK IRAC
    December 15, 2013 - 15:53

    A new saying on PEI will be DO YOU SPEAK IRAC? Translated it means to talk without making any sense. Why not just say Wes needs the money to give away.