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Tuesday, July 15, 2014

Price changes for Thursday, July 17th, 2014

Hi to everyone,

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

Heating and stove oils to drop by just 81/100ths of a cent a litre.
Diesel to drop by 1.1 cents a litre, and...
Gasoline to drop by 1.6 cents a litre.

The Canadian dollar dropped a penny on average against the US greenback over this pricing session. That, in essence, cost consumers a rough penny in the numbers. While they're all down, the numbers give you a sense of how the Canadian dollar is so tied to raw export of resources. Not only do we ship out jobs, but it cost us to do it. In this case, while the price of oil has slipped some this past week, the support for the dollar has weakened as a result.

So endeth the economic lesson for today!

We can enjoy the lower price anyway, but at a cost...


George Murphy
Twitter: @GeorgeMurphyMHA 

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