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Gas, oil prices continue to slide.

By
Real Estate Sales Representative with Remax Charlottetown Realty

The price for gas and heating oil has dropped on P.E.I. for the fourth week in a row.

Current prices (¢)
Gas 69.9
Heating oil 70.1
Diesel 92.9

As of 12:01 a.m. Monday the price of gas fell 3.0 cents per litre. Heating oil was down 3.8 cents a litre and diesel by 2.0 cents. Propane was unchanged.

A continuing global economic slowdown is the main reason for the falling prices, said IRAC in a news release. Relatively mild weather is also lowering the demand for heating oil.

This was a scheduled petroleum product price review from IRAC, which normally looks at prices at the beginning and middle of the month, but falling oil prices have prompted weekly changes since Nov. 15.

The next scheduled price review is Jan. 1.

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Anonymous
rosey

thanks for public posting....

Jul 19, 2009 10:30 PM
#1