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Tuesday, November 02, 2010

Not much change in the numbers

Hi to all...

Not much activity in the markets this week and that means not much change in the prices of fuel products for this regulation period.

Here's what I have with all seven days data at hand:



  • Heating and stove oils show a drop of 12/100ths of a cent.

  • Diesel shows a drop of 3/10ths of a cent, and...

  • Gasoline shows an added 3/10ths of a cent.

Two things here:

First off, my margin for error is 3/10ths of a cent on a litre, so there may not be any change to prices this week, the numbers are that close.

Secondly...


We are entering the winter heating season where the heating oil number can only be used as an indicator as to what direction heating oil will go. The reason for that is that heating oil (#2 fuel oil) for winter heating purposes is composed of 25% of 32 fuel oil and 75% jet fuel (kerosene). I can't find a free source out of the many out there.

The number should still be solid for stove oil figures.

That's it for this week!

Regards,

George Murphy
Group researcher/Member
Consumer Group for Fair Gas Prices
gasprices@hotmail.com



P.S: In spite of a possible by-election run, I will still be doing as I always have with the update. It'll be just like nothing changed.

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