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