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Tuesday, December 02, 2014

Thursday, December 4th, 2014 Price changes

Hi to everyone,

Sorry I didn't get these numbers posted sooner, but work has to take precedent. Nevertheless, keep in mind that there's lots of volatility in the markets, so they're going to be off somewhat. And don't forget winter blending on the heating and diesel numbers!

Here's what I have:

Heating and stove oils to drop by 4.23 cents a litre.
Diesel shows a drop of 4.6 cents a litre, and...
Gasoline shows a drop of 4.2 cents a litre.

The Canadian dollar remained relatively steady against the US dollar. In the markets, while China began buying some oil off the markets to help lift oil prices yesterday, they didn't sustain in the eyes of the speculators. With ever-growing US domestic production, OPEC faces the bold new world reality that they're facing something that they've never had to face before, that of competition.

Maybe now some parts of this world might be able to compete and grow their economies with cheaper energy. The fact remains however, that we can't forget high prices as they were. Have we learned the lessons of the folly of remaining oil dependent to supply ourselves with the means to drive our economies or our homes? Will the world turn its backs to retrofitting and other energy alternatives as viable options in a world that is oil-hungry?

Don't let our governments forget the hard lessons that so many had paid for as energy prices come down more.

We can't be held "over a barrel" again!


Twitter @GeorgeMurphyMHA

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