Get to the pumps before Thursday

Call your heating oil guy too...

I'll have more on this tomorrow around this time but, from the looks of things, Newfoundland and Labrador consumers will be taking a hit at the pumps and at the heating-stove oil truck level this coming Thursday, February 21st.

Numbers I have from the last adjustment just last week, show an average of 66.06 a litre for heating-stove oils and an average of 59.43 a litre for gasoline.

Trouble with this is that numbers after last Tuesdays set average are all well over those.Each fuel is showing in excess of four cents a litre up and, in some cases, more than the allowable needed to warrant interruption to current fuel pricing.

I'll have more in a posted news release on what you might expect to see tomorrow, but after Hugo Chavez's little tirade last week along with a reported refinery fire in Texas this morning and heavy investment in oil and related commodities over the past week, it was bound to happen.

What does this mean to summer pricing?

Gas is supposed to drop during the winter and the increase in heating-stove oils at this time of the year means that we'll have that much more to face dollar-wise next fall.

You just get the feeling that you're going to have less to spend over the next little while...