Hate to be the bearer of bad news but...

Newfoundland and Labrador consumers will most likely take the hit from the latest round of increases in oil last week but we'll probably not know for sure until tomorrow.

With the first two days of the regulatory period out of the way, stove oils are showing an allowable of 5.03 upwards. That could be pointing the way for heating oils and diesel as well.

Gasoline shows an allowable increase of 3.88 cents and that falls within the 3/10ths of a cent margin for error I use putting the number slightly over the four cents needed for interruption of fuel prices...

I'll know more by Tuesday afternoon so, keep an eye for a posted release and your ears to the media...

Sometimes it just sucks to be on the receiving end of oil doesn't it?

Regards,

George