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Friday, February 25, 2011

Oil retreats, but for how long?

Why do I ask?

Check out the link, It may be nothing at all, or it could be everything that is to come, and everything the markets fear.

But, for today, just a little relief for what's coming to consumers in Newfoundland and Labrador next week. Today's slight retreat didn't do much to erase the possibility of increases.

Here's the data with two days of activity:
  • Heating and stove oils are up by 4.58 cents per litre.
  • Diesel is showing "up" by 5.1 cents, and...
  • Gasoline is also "up" by 5.1 cents per litre.
I'll be back again with another update sometime late tomorrow night, or early Saturday morning.

Regards,

George

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