The regular weekly price review from P.E.I.’s Island Regulatory and Appeals Commission on Friday has seen prices for heating oil drop by double digits for the second time this week.
Gas prices in Nova Scotia used to be similar to the price at the pump on the Island. But those days are over under current conditions, according to IRAC director Allison MacEwen.
Climbing gas prices on P.E.I. due to supply and demand: regulator
Soaring gas prices on Prince Edward Island can be attributed to supply and demand, an official with the Island Regulatory and Appeals Commission said Tuesday.
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CBC News ·
Posted: Jul 06, 2021 6:00 PM AT | Last Updated: July 6
Now that global economies have started to recover from the pandemic, demand is increasing, and therefore gas prices have also increased, IRAC says.(Kevin Yarr/CBC)