Happy Canada Day everyone!
Here's what I have for this Thursday's price changes.
Heating and stove oils show a drop of 2.52 cents a litre.
Diesel shows a drop of 3.1 cents a litre on the way, and...
Gasoline also shows a drop of 2.4 cents a litre.
Numbers were a little off last week, so, either way, they will still be
down. I missed some market volatility at the tail end of last week's
session.
In spite of ongoing violence in Iraq, markets showed a
modest "retreat" because of bad economic data, showing that the US
economy still has some improvement to do before things are straight. The
biggest news showed gasoline demand had dropped close on four
percentage points as compared to the same time-frame last year. That
speaks volumes about what consumers are still thinking about prices at
the pumps.
If there's any bad news in the numbers, it's still the
fact that there has been only about a four cent drop in heating and
stove oil prices since January's numbers. That doesn't say a lot about
heating and stove oil prices getting any cheaper before winter. Still a
ways to go yet before I can call the shot on what to expect for the
winter, but it doesn't look any better than last year right now.
Feel free to share this message!
That's it for this week!
Regards to all,
George Murphy
Twitter @GeorgeMurphyMHA
P.S There's a new law coming into effect having to do with "spamming" that I'll have to look into. Apparently, one has to be asked to subscribe all over again in order to "get permission" to send this to everyone. I'll have to check into the effects on an auto-send feature such as this blog has, so, if you don't want to get this blog-post via your email again, please feel free to use the "unsubscribe" feature on the email you receive!...
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