Charlottetown, Prince Edward Island, September 17, 2008
Island Regulatory and Appeals Commission announced today the
following petroleum pricing decisions, effective Thursday, September 18, 2008:
Gasoline prices will decrease by 10.0 cents per
Furnace oil and stove oil prices will decrease by
Diesel prices will decrease by 6.0 cpl; and
There will be no changes in propane prices at
Including taxes, pump prices for regular unleaded
gasoline at self-serve outlets will now range from 125.5 cpl to 127.6
that any long term damage to the U.S. Gulf Coast refining industry will
be minimal has resulted in a significant deflation of wholesale market
prices over the past 24 hours. While it will take weeks for refining
production to be completely restored to pre-hurricane levels, market
apprehension over storm related interruptions appears to be waning. This
in concert with the continued reduced global demand due to economic
weaknesses in both U.S. and European economies is resulting in a
downward pressure on market prices at this time.
next scheduled price adjustment will be on October 1, 2008.
Click here for published prices effective
September 18, 2008.