Prices down for gas, diesel, heating oil
Gas price falls to $1.25
Prices for all of the petroleum products regulated by the Island Regulatory and Appeals Commission were down overnight Tuesday.
It was the regular mid-month price review from IRAC.
Gas saw the steepest drop, with the price of regular, self-serve gasoline falling 5.2 cents per litre, to $1.259.
Diesel dropped 1.5 cents to $1.347, and furnace oil was down a cent to $0.995.
Propane prices varied by retailer.
- Irving: Down 1.4 cents per litre to $0.729 for bulk delivery.
- Kenmac: Down 1.9 cents per litre to $0.739 for bulk delivery.
- Superior: Down 1.5 cents per litre to $0.743 for bulk delivery.
This is the second price drop for gasoline in May, following rapid increases in April that included three unscheduled increases.
The price started in April at $1.198 for regular, self-serve and peaked at $1.346 on April 27.
In a news release, IRAC said wholesale prices are falling due to an increase in refining capacity in the U.S. It said the average price for gas in Canada is currently $1.338, with prices in the Maritimes below that average.