Wednesday , June 16 2021

P.E.I. Gas Prices Repeat Unexpected Plunge November 8 Local News

Prices for gas, domestic heating oil and diesel fuel have fallen unexpectedly into unplanned pricing overnight.

The gas drops to 3.3 cents per liter, while the kiln and cooking oil fell 2.2 cp and diesel prices fell 2.2 cp.

The Icelandic Regulatory and Appeals Commission finds that this decision has several factors.

Several refineries that were previously closed for seasonal maintenance are in progress. Gas storage levels are also high and demand is low now when harvesting is wrapped up. All of these together have led to wholesale pricing in the recent past.

Including tax adjustments, regular unleaded gasoline pump prices at self service points vary from 114.1 to 115.2 cpl.

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