Pumped by price cut

Prices for gas, home heat­ing oil and diesel slashed across P.E.I.

The Guardian (Charlottetown) - - FRONT PAGE -

Plum­met­ing world oil prices have prompted the Is­land Reg­u­la­tory and Ap­peals Com­mis­sion to cut the price of gas, home heat­ing oil and diesel on P.E.I.

Gas prices dropped overnight by 5.0 cents per litre.

That pushed prices at self­serve out­lets to be­tween 90.2 and 91.3 cents per litre.

Those prices are below the na­tional av­er­age, which now sits at 93.1 cents per litre, ac­cord­ing to gas­buddy.com.

Crude prices are at a his­toric low of $30 a bar­rel.

Fur­nace and stove oil prices, as well as diesel prices, dropped by 3.0 cents.

There was no change in propane prices.

The com­mis­sion noted, “De­creases in the whole­sale prices of gaso­line, fur­nace oil and diesel noted over the past two weeks now af­ford the price ad­just­ments an­nounced to­day.”

The com­mis­sion's next sched­uled price ad­just­ment will be on Feb. 1.

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