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Tuesday, September 13, 2011

Markets on hold?

Hi to all…

The numbers are in, but there’s a lot of market volatility in them.

Heating and stove oils show a slight increase of 26/100ths, diesel is up by 1/10th and gasoline shows a downwards move by 2.1 cents for this coming Thursday.

I will caution everyone, however, coming from the last few weeks where market volatility has thrown my numbers off-kilter over the term. My numbers are different from those of the Public Utilities Board are different than mine. They are mandated by the petroleum Pricing Act to use Platt’s as their service.

Their numbers may therefore, be different than my own.

News

  • · The world financial crisis is again entering the picture with financial markets in turmoil as the possibility of a Greek default on its debt is again coming to bear. Also, the country of Italy’s debt is now becoming a factor.
  • · The American Petroleum Institute is finding a build in gasoline inventories this week, as demand concerns have again entered the picture in the US.

That’s it for this week!

Regards,

George Murphy

Group researcher/Member

Consumer Group for Fair Gas Prices

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