More pain at pumps

Journal Pioneer - - ISLAND NEWS -

An ab­nor­mally high de­mand for gas is be­ing blamed for the lat­est un­sched­uled hike in prices overnight Fri­day. The Is­land Reg­u­la­tory and Ap­peals Com­mis­sion ap­proved a 4.5-cent-per-litre un­sched­uled hike that went into ef­fect at 12:01 a.m. Nov. 11. That has pushed gas prices to 118.9 to 120.1 cents per litre.

The sit­u­a­tion isn’t much bet­ter for home heat­ing oil. Fur­nace and stove oil prices in­creased by 2.5 cents per litre.

The max­i­mum price for fur­nace oil is now 87.2 cents per litre, plus tax.

Diesel prices also in­creased by 2.5 cents per litre overnight.

There was no change in the price of propane.

“An ab­nor­mally high de­mand for gaso­line for this time of year cou­pled with sea­son­ally re­lated in­creased con­sump­tion for both fur­nace oil and diesel have con­trib­uted to this sit­u­a­tion,” the com­mis­sion stated in a news re­lease. The com­mis­sion’s next sched­uled price ad­just­ment is on Nov. 15.

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