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Tuesday, May 28, 2013

Price changes for Thursday, May 30, 2013



Hi to all,

Here’s what I have for price changes for this week:
·         Heating and stove oils are predicted to drop by 68/100ths of a cent per litre.
·         Diesel should drop by one cent a litre.
·         Regular gasoline shows a drop of 1.3 cents  a litre, and…
·         Reformulated blends show a drop of just one cent a litre.

Market highlights

·         OPEC meeting in Vienna, Austria this week to discuss a possible production cut to try and stabilize prices. Allegedly, Saudi Arabia are asking about the possibility, but why even bother? Try cutting back on production happening now, over and above your self-imposed quota. Eyes are on the meeting going ahead at the end of this week.
·         Oil prices lose a dollar against last week’s climb in the markets and the Canadian dollar takes another kicking against the US greenback as a result. Canadian dollar loses another penny against the US buck this past week. $1 US now equals $1.0371 Canadian.
·         Farmers in Alberta are now looking for a ban on fracking? Yes, Alberta. The National Farmers Union is calling for a moratorium on fracking. According to this story anyway.
·         Meanwhile, also from Alberta, the government there is considering expanding mandatory water testing within 250 meters of any fracked well. The story from April says that the Canadian Association of Petroleum Producers (CAPP) does not make the program mandatory for fracked wells and that the only requirement that needs to be met is in the case of methane coalbed extraction. Surprised to hear they don’t test at all for fracked wells now!

That’s it for this week!

Regards,

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

Tuesday, May 21, 2013

Price changes for Thursday, May 23, 2013

Hi to all...

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

  • Heating and stove oils are both up by 1.28 cents a litre.
  • Diesel shows an added 1.7 cents a litre.
  • Regular gasoline as well as reformulated blends are showing an added 2.2 cents a litre.
Highlights

  • Canadian dollar loses close on two cents against the US greenback.
  • Oil prices (WTI) climb two dollars a US barrel on the week.
 Short and sweet this week again!

Regards for now!

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

Tuesday, May 14, 2013

Numbers for Thursday, May 16, 2013



Hi to all,

Here’s what I have in the way of price changes for this Thursday:

·         Heating and stove oils show an added 1.07 cents a litre.
·         Diesel shows an added 9/10ths of a cent a litre.
·         Regular gasoline shows an added 1.6 cents  alitre, and…
·         Reformulated gasoline shows an added 1.5 cents a litre.

Market highlights

·         The European Union is investigating a possible attempt to manipulate global oil prices. The story running on CNN says that anti-trust staff for the European Union have visited several major oil companies looking for evidence to support the claims of possible price fixing. Some of the companies named include Shell, British Petroleum and Norway’s Statoil. The officials are looking for evidence pointing to several oil products including “a number of oil and biofuel products”.

·         In for a supply shock? Markets for oil are set to show a retreat according to this story on US domestic production from the International Energy Agency. I’ve seen other stories on this before, but the fact is, is that fracking might take a bigger bite out of oil prices than first thought!

That’s it for this week!

Regards,

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