P.E.I. gas price at record high

P.E.I. gas prices are now more than $1.40/litre. (Christopher Katsarov/The Canadian Press - image credit)
P.E.I. gas prices are now more than $1.40/litre. (Christopher Katsarov/The Canadian Press - image credit)

Prince Edward Islanders are now paying more than ever for a litre of gas.

On Friday the Island Regulatory and Appeals Commission increased the minimum price for a litre of regular, self-serve to $1.428.

That tops the previous high of $1.419 in May 2014.

If you take into account inflation, however, the current price is far short of the all-time high.

In July 2008 the price reached $1.391, the equivalent of $1.711 today.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting