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Saturday, June 14, 2014

Iraq violence continues: Update on the markets

A fuel price update....

Watching the markets closely with all the violence in Iraq (what else is new?) and, while the numbers are up, they're not up as much as what everyone was expecting at this point.

Here's what I have so far with five days data heading into next week's price changes:

Heating and stove oils add 2.2 cents a litre.
Diesel adds 2.5 cents a litre, and...
Gasoline adds 2.1 cents a litre.

The markets look like they're more concerned about consumer demand moreso than any possible supply disruption.

I'll update again Monday!

Regards,

George Murphy, MHA, St. John's East
Twitter @GeorgeMurphyMHA

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