IRAC ups gas prices for 2nd time in 4 days

P.E.I. gas prices took a jump for the second time in four days in the latest adjustment from the IslandRegulatory and Appeals Commission.

Furnace oil, diesel fuel and propane all took a leap as well.

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Here are IRAC's latest figures for Wednesday, Nov. 1:

• Gasoline prices will increase by 2cents per litre.
• Furnace and stove oil prices will increase by 4.1 cents per litre.
• Diesel prices will increase by 4.1 cents per litre.
• Propane prices will increase by 5.9 cents per litrefor Superior Propane,5.5 for Irving Energy Distribution and Marketing and by 4.8 cents per litrefor Kenmac Energy Inc.

In a news release, IRAC wrote theprice increases were a result of "continued escalation of wholesale prices since the commission's last adjustment."

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 113.7 cents per litreto 114.9 cents per litre.

The next scheduled price adjustment isNov. 15.

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