Pumped by price cut
Prices for gas, home heating oil and diesel slashed across P.E.I.
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.