Gas prices dropped over holiday weekend

In a surprising move, gas, propane and furnace oil prices dropped over the holiday weekend.

The July 1 weekend, and the kick off of the summer holiday travel season, is usually when gas prices spike in Canada. Gas prices went down by 1.6 cents per litre (cpl), meaning Islanders filling up at the pump are now paying between 101.2 cpl to 102.4 cpl. Furnace and stove oil prices also dipped by one cent, as did the price of diesel.

Propane prices decreased by 0.4 cpl at Superior Propane and Irving Energy Distribution, while Kenmac Energy Inc. customers saw a 0.6 cpl decrease. The Island Regulatory and Appeals Commission approved the price decrease effective 12:01 a.m. July 1. The next scheduled price adjustment is July 15.