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Tuesday, August 08, 2017

Price changes for Thursday, August 10, 2017


Hi to all,



Here’s what I have for this week’s price changes:



*Heating/stove oils will increase by 7/10ths of a  cent a litre.

*Diesel fuel shows an increase of 9/10ths of a cent a litre.

*Gasoline shows an increase of 1.2 cents a litre



Continued demand increase adds up to an increase in gasoline prices



If there was any hope for speculators to make a dollar in the gasoline markets, that time is quickly slipping away with the end of summer. This week’s increase in prices may be the last week for that as prices are set to increase to consumers by just over a penny. That’s according to George Murphy, group researcher for the Consumer Group for Fair Gas Prices.



“Last week showed just the second week in a row this summer where demand was shown to be increasing during the summer months. It been remarkable to see demand during the summer as low as what it has been in a year where the US economy has been booming.” Murphy said. ”Speculators are enjoying a ‘last gasp’ as the summer driving season comes to a close”.



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For more information, contact:



George Murphy

Tuesday, August 01, 2017

Price changes for Thursday, August 3rd, 2017


Hi to all,



Here’s what I have for this week’s price changes:



*Heating/stove oils show an increase of 3.1 cents a litre.

*Diesel fuel shows an increase of 3.6 cents a litre, and...

*Gasoline shows an increase of 1.7 cents a litre*.

                                       *Gasoline showed considerable volatility over the weekend and did not appear in the numbers until Monday. I believe gasoline may see a larger increase than what is shown here.



Time to drop the tax on heating again?



“If consumers are starting to feel the pinch of rising prices again, it should be no surprise. Government should bring some relief in taxes collected on heat again”. That’s according to George Murphy, energy watchdog.



“It seems that everyone and everything dealing with energy to consumers are looking for a piece of our pockets again, both on the electricity front and on the petroleum products end of things. While others have applied for electricity price increases, spot prices for distillates like heating and stove oils are starting to rise as speculators try and make a buck off the backs of consumers after a failed season of gasoline profit-taking.



“We’re again facing upwards pricing pressure from all sides,  Murphy said. “And that pressure is being widely felt by everyone as we get closer to fall and winter. Already, I am hearing from those who can’t afford to pay any more in taxes on rising commodity prices and that’s a warning sign to government that we will need further relief for those who can’t afford to keep warm this winter. Consumer’s pockets are simply empty from mounting debt.



“It’s time that the government meet everyone’s needs and drop the tax on necessities like heat, which is an ongoing health concern for most”.



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For more information, contact:



George Murphy

Twitter @GeorgeMurphyOil