Gas drops 2 cents on P.E.I.

The New Year has brought a new gas price to Island drivers, with atwo-centdrop taking a litre of gas to below one dollar.

The pump price forregular unleaded gasoline at self-serve outlets will now range from $0.957 to $0.968 per litre. This price includesadjustments for taxes as previously announced by the provincial government.

Also down in the scheduledprice adjustment from the Island Regulatory and Appeals Commission are furnace andstove oil, with a decrease of threecents per litre.

The maximum price for furnace oil will be$0.844 per litre, plus tax.

Diesel prices dropped by four cents per litre, with pump prices now ranging from $1.147 to $1.158per litre.

Propane is the onlyfuel to see an increase. It went up 1.5 cents per litrefor Irving Energy Distribution and Marketing, and up 0.8 cents per litrefor Superior Propane.KenmacEnergy Inc. will see nochange.

The maximum price of propane before tax will now range from $0.783 to $0.79 per litre.

IRAC says the continued drop in the wholesale pricing of gasoline, furnace oil and diesel allows the additional price reductions announced Tuesday.

The commission's next scheduled price adjustment will be on Jan. 15.

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