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