Season’s greetings and all the best for the New Year!
Keeping this one short and sweet at this time. Back on track again for next week!
Oil rises slightly as a potential deal over the US fiscal cliff plays in the markets over the past couple of days. Oil has increased a rough $3 US on fiscal cliff talks. The hope that some sort of deal can be reached before the New Year settles came through last night with both parties to vote on the arrangement in the US Senate possibly later today. The deal would mitigate taxes placed on the middle class, renewing the hope that the US economy would not suffer the effects of slipping back into recession.
Caution here, as markets were closed a few days over the holiday season, and some days published showed no data. My numbers also do not account for kerosene used in winter blending for heating oils and diesel fuel.
Here’s what I have for this week’s changes:
· Heating and stove oils show an added 77/100ths of a cent.
· Diesel fuel shows no change.
· Regular gasoline shows an added 1.9 cents a litre, and…
· Reformulated gasoline shows an added 2.0 cents a litre.
That’s it for this week!
Regards for now!
Consumer Group for Fair Gas Prices