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Tuesday, October 30, 2012

Thanks to Sandy, no big changes



Hi to all,

                Not much change in the numbers this week, thanks to Hurricane Sandy.

                Numbers initially showed that there would be another round of decreases, that is, until Sandy was starting to track into the US northeast, where there is a strong center for oil refining and gasoline production. Sandy was successful in causing a slight run-up in gasoline numbers that negated any decrease that was forthcoming.

                Either way, here’s what I have for this week’s changes:

·         Heating and stove oils show downwards by 4/10ths of a cent a litre.
·         Diesel is also showing down by 1/10th of a cent.
·         Regular gasoline shows down by 6/10ths of a cent, and…
·         Reformulated blends show upwards by 8/10ths of a cent.

Keep in mind that the numbers for heating, stove oils and diesel are all subject to the use of the winter blend of fuels, so that number may be off somewhat from the actual that may occur.

                That’s it for this week!

                Regards,

George Murphy
Group researcher/Member
Consumer Group for Fair Gas Prices
Twitter: @GeorgeMurphyMHA

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