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Tuesday, July 29, 2014

Price changes for Thursday, July 31, 2014

Hi to all,

Been really busy, so, excuse the lateness of this...

Public Accounts Committee work and constituency matters have to come first, after all...lol

Here's what I have for this Thursday's price changes. Keep in mind that my margin for error is 3/10ths of a cent +/-

Heating and stove oils show an added 1.58 cents a litre on the way.
Diesel shows an added 1.9 cents a litre, and...
Gasoline shows just 2/10ths of a cent increase at the pumps.

The increase in Middle east violence deserves some watching, but still hasn't affected oil prices to the point of increasing them. Refined commodities are up slightly on investors looking forward to the winter heating season. That's why you see Diesel up as well, being part of that same distillate group of fuels.
Gasoline mostly steady as a result of continued bullish increases in inventory. I believe that consumers are still upset with the high prices we have been seeing still, and they should be!

The Canadian dollar has also lost some ground against the US dollar over the last week. Worrisome maybe, but for every penny we lose against the US greenback, we lose a penny at the pumps. We lost a clear penny since last Tuesday's measure.

I'll keep it at that this week, but if you have any questions, feel free to drop me a note!

Regards to all,

George Murphy
Twitter @GeorgeMurphyMHA 

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