P.E.I. gas price climbs up to another new record
Following a small dip on the finish of Could, the value of fuel was up once more on P.E.I. Friday morning, setting a brand new file excessive.
The minimal value on the pump for a litre of standard gasoline was up 3.5 cents to $2.13.
This was a part of the common weekly worth evaluate from the Island Regulatory and Appeals Fee. Costs for diesel and heating oil didn’t change.
It’s the second week in a row the fuel worth is up. The rise final Friday put the value marginally under the file of $2.10, which was set on Could 17.
Costs have been unstable for the reason that invasion of Ukraine by Russia on the finish of February, however an absence of refining capability popping out of the pandemic has additionally been an element driving up costs.
Situations appeared to have settled down in April, however in Could customers noticed wild swings in costs for heating oil and diesel, whereas the value of fuel trended typically upward.
The fuel worth began Could at $1.85.
Costs for diesel and heating each rose about 30 cents within the final days of April, earlier than dropping near 50 cents in the course of Could.
The minimal worth on the pump for a litre of diesel is $2.13 and the utmost worth for heating oil is $1.65. Each are unchanged since Could 20.
