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Wednesday, May 07, 2014

Price changes for Thursday, May 8th, 2014



Hi to all,

Sorry this is late. We had a late sitting of the House tonight.

Final numbers for Thursday, May 8th price changes.

All the data in now. Here's what I have. All for the better from today's earlier tweet!

Heating and stove oils to drop by 2.46 cents a litre.
Diesel down by 2.6 cents a litre, and...
Gasoline to drop now by 4.1 cents a litre.

The Canadian dollar has gained slightly against its US counterpart, finishing today at $1.089 against the Greenback.

Prices are probably down in the markets as a result of consumer sentiments about high prices. No doubt, as we're all a little peeved about rising prices. Speculators have heard the arguments and seem to be pulling back somewhat until stronger demand signals kick in.

The markets are "touchy". Even with high sentiments about prices, oil prices didn't gain on the surprising jobless numbers out of the US, possibly reflective of the improving US economy. Speculators took consumer sentiment over the positive economic figures in the US this time around it seems.

Add to that, the fact that there's still not so good news out of China. Remains a factor to play out here, as any good news from there may be enough to turn oil prices up.

Keep conserving and "expressing" dis-satisfaction with prices, and we'll all impact inventory! That's key right now!

All the best!

George Murphy
Twitter @GeorgeMurphyMHA

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