Gas and home heating fuel prices rise

Journal Pioneer staff
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CHARLOTTETOWN- The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Wednesday, Jan. 1.

Gasoline prices will increase by 3.5 cents per litre (cpl);

Furnace and stove oil prices will increase by 2.0 cpl; Diesel prices will increase by 2.0 cpl; and propane prices will increase by 3.7 cpl for Superior Propane, by 5.4 cpl for Irving Energy Distribution and Marketing and by 6.4 cpl for Kenmac Energy Inc.

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 133.5 cpl to 134.6 cpl.

The maximum price for furnace oil will now amount to 115.3 cpl plus tax.

Significantly increased wholesale prices for all petroleum products have been observed since the Commission made its last adjustment on Dec. 15. For example, the wholesale rack price for gasoline has increased in excess of 5.0 cpl over this period. Reduced inventories, seasonally increased demand and unscheduled technical and weather

related refinery interruptions have contributed to the current situation.

The Commission's next scheduled price adjustment will be on Jan. 15.

newsroom@journal pioneer.com

Organizations: Superior Propane

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  • Herry
    January 02, 2014 - 09:20

    I see more gas theft, GUARANTEED !!!!!!

  • Mr. Canadian
    January 01, 2014 - 12:19

    Capitalism at it's best...! Federal & Provincial governments continue to show their inability, incompetence or perhaps unwillingness to govern Canada in a way that is best for ALL Canadians, not just a select, relatively small group of people or like multinational corporations, including Oil Companies and their shareholders. To believe that the "market place"; the "private sector"; the investment firms; that the banks - have and will work best (for everyone) unregulated, "unrestrained"...is a manufatured fantasy by those very groups. A "truely regulated" balance between the Capitalist's desires & societies social requirements needs to be RE-INSTITUTED into functional law. It would seem, though, that there isn't any political leader who actually knows how to "lead" a country - to have a vision of it's people and it's place in the world. A ledger sheet is NOT a vision. An effectively jobless recovery is NOT a vison. The wealthy getting obscenely wealthy while the working poor grow in size and get poorer - is NOT a vision - well it could be for some, but not most!

  • Filler up
    January 01, 2014 - 09:45

    The oil companies continue to gouge the consumers and we are not getting any help from the federal , provincial or municipal governments, so sad. Someday the tide will turn in our favour.

  • UPWESTER
    January 01, 2014 - 08:24

    BULL DROPPINGS

  • don
    January 01, 2014 - 06:16

    thank you liberal voters i hope that you all are hurting double to what the rest of islanders are. you wanted wes,ghiz and took the promises as gospel well guess what there words came from a book but not gospel.it is called how to lie and screw islanders.