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Tuesday, July 22, 2014

Price changes for Thursday, July 24, 2014



Hi to all,

All numbers are in, and, as I said earlier, don't expect much in the way of price changes.
Here's what I have for this Thursday:

Heating and stove oils to increase by just 4/100ths of a cent.
Diesel to increase by 3/100ths of a cent, and...
Gasoline to drop a half penny.

My margin for error is 3/10ths, so take it from there. No panic this week!

At least we won't see a wild increase. Fourth week in a row to see a drop in gasoline prices, as little as it might be.

Highlights
The Canadian dollar remained relatively steady against its US counterpart with the Canuck Buck averaging $1.074 against the US currency.

The price of oil gained an average of $3 US on the markets as continuing violence in the Middle East as well as the diplomatic tension created with the crash of Malaysia 17 in the Ukraine. Some fears in the markets are mostly centered around Brent prices as Europe is heavily dependent upon Russian exports of oil as well as natural gas through the Ukraine region. As you can tell by the numbers in the price changes, there was little effect on spot prices, which remained relatively steady on the refined spot markets.

That’s it for this week!

Regards,

George Murphy
Twitter: @GeorgeMurphyMHA

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