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Tuesday, March 20, 2012

Gasoline moves higher

Hi to all,

Short and sweet again this week. There’s just not enough days in the week to get a full synopsis done on oil these days.

Here’s what I have for this week’s price changes:

  • · Heating and stove oils show an added 16/100ths of a cent.
  • Diesel prices show 6/10ths of a cent up, and...
  • Gasoline shows an added 2.2 cents a litre upwards.

Oil prices showed an increase of close on $3 US a barrel this week, before today’s sudden drop back to $105.00US a barrel. While oil prices showed a retreat, the same did not show in my numbers for refined commodities. US spot prices actually climbed from $3.12.20 a US gallon to Tuesday’s $3.20.06 a US gallon, with the average, of course, coming as an increase to both US and Canadian consumers.

That’s it for now,

Regards,

George Murphy

Group researcher

Consumer Group for Fair Gas Prices

Twitter: @GeorgeMurphyNDP

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