Gasoline to Drop...

Not much Change in Heating/Stove oils

Hi to all...
Latest numbers are showing a 1.8 cent a litre drop in gasoline pricing to come to Newfoundland and Labrador while heating and stove oils may not show that much change.
Here's the reason I say that (on heating/stove oils).
According to the last couple of days data, namely from the 9th to the 11th, I have had three sources giving me three different numbers on spot pricing of the products. If I go by the lower number, that shows a .96 cent a litre drop, in other words, almost a cent. If I go to the higher number the markets threw out, that number gets less than that.
In other words, there may be no change.
The latest market news of a drawdown on heating oil inventory is now another reason why I'm telling everyone to fill their tanks now.
Todays data from the Energy Information Administration shows a drawdown on inventories that was larger than what was expected to the commodity.
Add to that, the fact that we are about to enter the winter demand season and we have the imputus to a future increase in pricing.
I reccomend that you all fill your heating/stove oil tanks ASAP.
I have to look at my data after final prices come into effect to know what was the right one to begin with.

Airline News-Please read and pass it on...
As some of you are aware, I am pursuing the whole "fuel surcharge" deal where, the airlines charge extra on airfares to help offset the "increased cost" of jet fuel.
The Air Transport Association of Canada was out this week in response to clims from myself that it was time to reduce the surcharges in light of drops to jet fuel pricing along with drops in crude oil.
They say they're not going to budge.
In an interview with CBC New Brunswick http://www.cbc.ca/canada/new-brunswick/story/2006/10/11/nb-airfuel.html the industry sopkesperson said that "the recent drop in prices are helping the companies make up for losses."
Beg your pardon?...

The airlines of this nation seem to forget that the fuel surcharge the consumer is paying was meant to catch up with the extra costs associated with fuel costs in the first place, were they not?

The facts are these:
1. Three international airlines have now dropped some, or all, of the fuel surcharges they were charging on airfares, so much so, that I can now put about $50 US in my pocket merely by flying with them. KLM, El Al and Lufthansa, have all dropped surcharges on passenger tickets.
2. Air Canada, Canjet, Westjet have yet to move. Air Canada is a member of the Star Alliance that also includes Lufthansa. If lufthansa can drop rates on travel, surely the National airline can?...
3. Jet fuel pricing has dropped from an average of 68 cents a litre ($2.20US a gallon) to roughly 51 centa a litre($1.70 a gallon) since July. Fuel surcharges have been added to ticket pricing since last March by Air Canada. Capture your market share by dropping your price!

STAY TUNED IN ON THIS ONE.

Regards for now,

George