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Monday, February 27, 2012

Numbers are up
Consumers will take a hit this Thursday


It's not going to be easy paying close on a $1.40 a litre here. Things are tight as they are. heating, stove oils and diesel are all showing up this week as oil continues to climb in spite of the realities of the markets.

Demand has faltered...

Total product supplied has dropped right along with it, and Big Oil has put the brakes on added production because they see something coming, and it's not nice.

An economic slowdown in the works maybe?...

regardless, the numbers are up and the speculator out there is going to make us all pay the piper. Here's what I have so far this week, with one more day to go:
  • Heating and stove oils are up again by 2.36 cents a litre.
  • Diesel is up by 3.0 cents a litre, and...
  • Gasoline is up by 3.5 cents a litre.

I'll be back again with the bad news on the final numbers tomorrow night.


Regards,


George

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