Gas prices and home heating fuel going up

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CHARLOTTETOWN- The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Saturday, March 1, 2014.

Gasoline prices will increase by 2.6 cents per litre (cpl); Furnace and stove oil prices will increase by 2.0 cpl; Diesel prices will increase by 2.5 cpl; and propane prices will increase by 7.3 cpl for Superior Propane but decrease by 2.5 cpl for Irving Energy Distribution and Marketing and by 7.5 cpl for Kenmac Energy Inc.

Including adjustments for taxes, pump prices for regular unleaded

gasoline at self-serve outlets will now range from 138.5 cpl to 139.7

cpl. Maximum before tax propane prices will now range from 115.4 cpl to

118.5 cpl.

The maximum price for furnace oil will now amount to 121.3 cpl plus

tax.

Continued escalation of wholesale rack prices for gasoline, furnace oil

and diesel necessitate the price adjustments announced today.

The Commission's next scheduled price adjustment will be on March 15,

2014.

Organizations: Superior Propane

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  • Arnot
    March 02, 2014 - 19:23

    Furnace Oil...Now $1.213 / liter! - If you have the average 910 liter home oil tank, it now costs $1,139.91 (tax in) for that 910 liters of heating oil. If you have a two storey house that has approximately 1,700 square feet of heated living space...EVEN with a high effeciency (new) water boiler, new windows & insulation...the heating cost for that family's home will now likely average around $688.96 (about 550 liters)> including that rediculous $.02 discount per liter every 5 weeks, in the dead of winter or a winter like this any ways. That's just plain criminal and unmanageable for most. By the way if you have a house (with the same renovations as above) the same size house on one level with forced air heat...the oil bill will generally be the same as hot water heat, because that heat is quick but fleeting in nature. I know because I was in Real Estate for years. Either way the silence; the indifference from the provincial goverments & the this "Oil Based", Alberta western based federal goverment is effectually a criminal offence against Tens of Thousands (possibly millions) of hard working Canadians & Islanders just trying to get by. This is not just normal "business" practices at work. This is not just the "Commodities market place at work". This is unrestrained, unregulated greed - supported, through blindness, stupidity, or complicity by our federal government. What's most interesting is that Islanders, Canadians continue to take it, and have allowed themselves to be "educated" to believe this is the way it has to be! Amazing.

  • sandra g
    March 01, 2014 - 08:58

    disguisting. !!!!!

  • don
    March 01, 2014 - 07:52

    well we are paying more then the rest of canada. but we all know the wes is going to be getting a big chunk of it but he needs it just like a junkie needs a fix but wes fix is killing the island and i hope all voters that voted him in is really paying big time and hurting more then anyone else. but just sit back and see who gets a big free no pay back loan.