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WELCOME TO THE WORLD OF UNDER A BUCK GASOLINE

Hi to all...

Just to let you all know that I have the numbers that alow for downwards movement of fuels I am tracking. Interruption criteria calls for an average of 3.5 cents a litre-up or down-movement over a five day period.

Heating oil shows a downwards movement by 3.96 cents a litre which should also be the same for stove oils.

Gasoline shows a 3.52 cent a litre over the last five days-downwards- and that means, if my numbers are right, gasoline will come down by 3.43 cents a litre plus taxes (3.9 or 4.0 cents a litre).

Heating/stove oils showed interruption as of yesterday and pricing should be adjusted down to the consumer as of 12:01A.M this coming Saturday, September 23/06. Good builds of inventory the last couple of weeks has figured well into downwards drops in spot pricing and we're hopeful that this will continue and not factor into high winter pricing.

Heating/stove oil spots are now 13 cents a litre below last years levels. What a turnaround!

Gasoline shows that pricing will be adjusted down as of Sunday morning, September 24/06 by the 3.9 or 4.0 cent a litre figure. Gasoline spots are now 12 cents below the same day for last year as well. No hurricanes, good inventories in the aftermath of the summer driving season and a somewhat stable international political situation are keeping things down-for now.

While my number is within the confines of my margin for error of 3/10ths of a cent, adjustment may not occur that morning but on Monday morning. That's because gasoline traded down again today by 4 cents US per gallon which brings the margin for error in line with what's happening out there in the markets.

Certainly, by Monday morning, gasoline will be down in the 98 cents a litre bracket.

Mind you, the companies don't have to wait for official word from the Public Utilities Board! We dare someone to "go for market share" in the interim. The Petroleum Pricing Office sets a maximum allowable and companies are free to charge below the regulated maximum if they "so wish".

Let's see what they do.

Regards for now,

George Murphy
Group researcher/Member
Consumer Group for Fair Gas Prices