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Monday, May 16, 2011

"Say it ain't so, Joe!"
Not another price drop!

You saw it here first from my sarcastic self, and yes, you read it right...

It's been a wild roller-coaster ride on the markets for the past two weeks now, and there's no sign of abatement. The blog had over 2300 hits from people who, like yourself, wanted answers concerning high prices.

We're all still looking and we're not expecting Minister Tony Clement to come up with any either...

"Keep it simple, Tony."

We need a national inventory reporting system and an investigation into present trading laws on the markets. It's just getting too easy to spend money that you don't have, to invest in the markets and turn into a profit before the bills are paid.

It's as simple as that...

In the meantime, while numbers in the immediate Toronto area will be dropping again tonight, the numbers in Newfoundland and Labrador will also take a drop back this Thursday morning, all in time for the long weekend.

Still one more day of data to get my hands on, so the numbers will change slightly from what I have here, but I don't think that there's going to be anything critical in the way of further changes.

Here's what I have so far this session;
  • Heating and stove oils show 14/100ths of a cent upwards.
  • Diesel shows an added 3/10ths of a cent upwards, and...
  • Gasoline shows a drop of 2.7 cents a litre.
I'll be back tomorrow night with a final run-down on the numbers for this Thursday.

Regards,

George





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