Gas prices in P.E.I. have taken another unexpected hike this weekend, rising 4.7 cents per litre as of 12:01 a.m. Saturday morning.
The good news is, the Island Regulatory and Appeals Commission says this price change serves as the mid-month adjustment, so there should not be another announcement concerning gas on Monday.
The bad news is, gas analysts are predicting that consumers will be paying higher prices into the summer as the price of crude continues to rise due to rising demand and dropping inventory levels.
Including taxes, pump prices for regular unleaded gasoline at self-serve outlets now range from 128.8 to 130.0 cpl.
Furnace and stove oil prices also increased overnight, by 2.4 cpl, while diesel prices went up by 1.7 cpl.
Pump prices for self-serve diesel will now range from 134.4 to 135.6 cpl and the maximum price for furnace oil will now be 102.4 cpl including HST of five per cent.
Price adjustments for propane will be announced Monday, as scheduled.
