Prices moving upwards

Stay tuned!

This picture, from the Canadian Press, shows a refinery fire at Imperial's Sarnia plant in December, 2006.

Might have been surprised if I didn't see some sort of a market ploy to get prices moving upwards again but, there we go. We're going to see the screws put to us again compliments of the traders on Wall Street.

Newfoundland and Labrador's turn is coming this Thursday as we'll be watching the pricies roll over at the pumps. While a little early to predict, so far, the numbers are showing an allowable 4.5 cents up at the pumps for gasoline.

Nova Scotia and New Brunswick got hit the other day and other regions are experiencing upwards moves by Big Oil.

The causes?

A refinery fire in Sarnia(above), the CN rail strike has contributed to shortages, another two refinery fires south of the border, Iran and it's pursuit of a nuclear program, ongoing inventory concerns, colder weather....

Shall I go on?

I'll have more for everyone on Tuesday Night/Wednesday morning so, be looking for the media announcement and the email release with the official numbers. There will be an increase but, it could range a little higher than this number with a couple of more trading days left.

I don't expect any miracles, though it's nice to see some divine intervention now and then.

Keep watching!