Monday, January 05, 2009

Update #2
Interruption to pricing possible

Six days out of seven needed for interruption to pricing to occur now show an allowable 5.4 cent a litre increase to heating and stove oils on the way for Thursday morning.

Gasoline shows 6.5 cents and diesel shows an added 7.5 a litre at the pumps for Thursday as well.

All this is coming fast on market traders making bets that OPEC cuts will be adhered to by the 12 member nations in the group. Indonesia was a recent drop-out from the group.

More on how these numbres will look again late tomorrow night but, the writing is on the wall so, fill the oil tanks!

Regards,

George

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