Gas prices dropped over hol­i­day week­end

The Guardian (Charlottetown) - - THE ISLAND -

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.

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