No change to pricing this week

If the price changes at the pumps this week, I don't have it. Even though we've lost some value in the price of a barrel of oil, we really haven't seen a large drop in corresponding spot pricing.

I've been a little busy with newbies in my family this last week so, it's been a case of putting some importance into other things that matter. Normally, I would have posted late last night or earlier this morning but, everything is being backed up here.

Anyways, before I get too far off the topic...

Numbers are showing an "allowable" increase in gasoline based simply on what numbers I have but not enough for interruption to pricing. That little tidbit is based on five of seven days needed to allow the interrupt formula to kick in. We may not get an increase now, but that doesn't mean we won't get it next week. At the same time, there's always some time for spot pricing to back off over the next week too.

In the meantime, heating and stove oils are showing a "down" scenario again. So far, the numbers are pointing down by a mere 1.1 cents a litre, albeit down none-the-less.

One thing I am noticing out of all this "oil dropping" scenario is this: The more we lose on a barrel of oil, the more we lose in value the Canadian dollar against the US greenback. That point so far, means that we can have a better chance of elevated heating and stove oil pricing this coming winter if the trend keeps up. The value of the Canadian dollar is a paramount factor in figuring out how much pricing will be on a day to day basis.

Watch it.

If the US dollar starts to gain value as it has in a couple of days trading last week, then the Canuck Buck will start to lose and consumers won't see the concerted drop in pricing that we've been waiting for.

The perverbial barrel has dropped from a record $147 US to today's $120 US. With that, we've lost a couple more hundredths of a cent because of an oil-based economy.

Regards,

George