Hi to all,
Final numbers for this week's price changes are in,
but I also have projected increases for next week that I'm watching.
What I have done here is give you this week's increase, but on the same
line, give you what I think will happen with prices for next week as
well. You'll find that number at the tail end of each fuel price change I
give you and in (parentheses).
Here's what I have:
Heating and stove oils show an increase of 2.45 cents a litre. (4.46c/Lt for next week projection)
Diesel shows an added 3.3 cents a litre. (5.1 cents next week)
Gasoline shows an increase of 4.5 cents a litre. (4.6 cents for next week)
These numbers I have projected for next week's price changes are based
simply on the difference I have between my spot average for this week,
and the spot price at market close for today. If nothing changes in the
markets with refined prices from today, then these numbers should run
close to what will actually happen next week.
Again, feel free
to pass this around to everyone on your friends lists. Keep in mind the
winter blending of diesel and heating oils. Those numbers may be off
somewhat.
A strike by some US refinery workers has taken some 10
percent of refining capacity offline. That may be part reason why
refined commodity prices have experienced the run-up that they have. Add
to that, the effect of a lower Canadian dollar against it's US cousin,
and we have the recipe for a rapid increase to Canadian consumer prices.
Both Brent crude and West Texas Intermediate crude have increased roughly $9 US a barrel over the last regulation period of seven days.
See you at the pumps!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Tuesday, February 03, 2015
Tuesday, January 27, 2015
Price changes for Thursday, January 29, 2015
Hi to all,
It's been a rough couple of weeks, but I hope it's coming back to some form of normalcy now! It’s true what they say here in the province about coming in three’s too.
Here's what I have for price changes this week, all compliments of the Bank of Canada with its surprise change of rates that kicked the crap out of the Canadian dollar this past week:
Heating and stove oils show an increase of 1.22 cents a litre.
Diesel shows an added 1.7 cents a litre to come, and...
Gasoline shows an added 1.5 cents a litre at the pumps.
Keep in mind the winter blending of heating and diesel fuels that may throw off those numbers a little!
With the Bank of Canada's drop of interest rates last week, the Canadian dollar lost a full four cents against the US greenback. That cost Canadian consumers a rough 1.5 cents a litre at the pumps for all fuels I measure. The fact that this was a surprise move by the bank did not go by un-noticed, and the markets soon reacted. While it may make some of our exports a little cheaper, especially for raw resources, it also makes anything from outside the country, or based on outside pricing, susceptible to a change in prices. In this case, with fuels and oil being priced in the US, it's going to cost you a little more to buy them.
Hence, price increases to commodities like gas and heating oils.
By the way, did you happen to notice?...
While Costco still sold gasoline at a rough 87 cents a litre this past week, others like Irving and Ultramar in the St. John's northeast area only dropped prices in the area by the slimmest of margins. All retailers of fuel products in the province by the way, were recipients of a new allowable margin as set by the Public Utilities Board last week. New margins now sit at an "allowable" of close to 18.5 cents on any litre of fuel, rather than the previous 14.8 cents.
I'll be looking at that "allowable" process in the coming weeks to see if we can combat that, or at least have a fair shot at any hearing process that allowed this to happen!
That's it for this week!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Tuesday, January 06, 2015
Price changes for Thursday, January 8, 2015
Hi to all,
Sorry these numbers are coming so late, but it has been a necessarily busy day to say the least!
Here's what I have for this Thursday's price changes:
Heating and stove oils to drop by 2.55 cents a litre.
Diesel to drop by 4.3 cents a litre, and...
Gasoline to drop another 3.4 cents a litre.
Jet fuel continues to lose altitude, but still no word from the airlines about a break to airfares and surcharges. Jet fuel has dropped again from a June high of 86 cents to today's 52.4 cents.
I'm going to keep it short and sweet this time around as it has been a very long day, but feel free to pass this note around!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Tuesday, December 30, 2014
Numbers for Thursday, January 1, 2015. Numbers in Effect Midnight tonight!
Well, a Happy New Year to everyone in advance!
Looks like the PUB has allowed all petroleum suppliers to put price adjustments in place again as a result of the New Years holidays. Prices will be adjusted at midnight tonight as a result.
Here's what I have anyway, keeping in mind market volatility as well as winter blending that may affect diesel as well as heating oil pricing:
Heating and stove oils to drop by 1.2 cents a litre.
Diesel to drop by two cents even, and...
Gasoline to drop by 1.1 cents a litre from the regulated maximum.
#6 oil for electrical generation is now selling for $44.75 US a barrel, down from $97US in June.
Jet fuel now selling at 56.7 cents a litre, down from 86 cents a litre in June.
Brent crude continues to get pounded out there on the markets in the face of growing supplies. Last week saw US crude inventories increase by over seven million barrels and both gasoline and distillate inventories also up right along with it. The more supply, the less refined products are going to sell for. Here's hoping that the Canadian dollar rises just a little to give some of these prices a deeper swipe!
That's it for now!
Feel free to pass this around in spite of the short notice.
Regards and Happy New Year!
George
Twitter @GeorgeMurphyMHA
Looks like the PUB has allowed all petroleum suppliers to put price adjustments in place again as a result of the New Years holidays. Prices will be adjusted at midnight tonight as a result.
Here's what I have anyway, keeping in mind market volatility as well as winter blending that may affect diesel as well as heating oil pricing:
Heating and stove oils to drop by 1.2 cents a litre.
Diesel to drop by two cents even, and...
Gasoline to drop by 1.1 cents a litre from the regulated maximum.
#6 oil for electrical generation is now selling for $44.75 US a barrel, down from $97US in June.
Jet fuel now selling at 56.7 cents a litre, down from 86 cents a litre in June.
Brent crude continues to get pounded out there on the markets in the face of growing supplies. Last week saw US crude inventories increase by over seven million barrels and both gasoline and distillate inventories also up right along with it. The more supply, the less refined products are going to sell for. Here's hoping that the Canadian dollar rises just a little to give some of these prices a deeper swipe!
That's it for now!
Feel free to pass this around in spite of the short notice.
Regards and Happy New Year!
George
Twitter @GeorgeMurphyMHA
Tuesday, December 23, 2014
Numbers for Thursday, December 25, 2014
Happy Tibb's Eve!...
I used to name it after the old oil delivery company that used to be up off Wishingwell Road! Go figure, coming from me!
Here's what I have for this week's price changes. All numbers in:
Heating and stove oils show a drop of 1.45 cents a litre.
Diesel shows down by an even two cents a litre, and..
Gasoline shows just a modest 6/10ths of a cent a litre drop.
Still some volatility in the numbers as the markets try to settle things out with oil prices. Don't forget the winter blending in heating and diesel numbers that may throw them off some!
Things appear at first glance to have bottomed out in the markets for now. All will now depend on consumption and the next inventory reports out of the US. With an improving economic situation stateside, look for a slight increase in oil prices, but not enough right away to bring prices in the immediate St. John's northeast area over that magical "buck a litre" scenario we've been looking at. At least, not right away!
Also, I'm not sure when they will bring in this next round of price changes. Holidays are falling in with Christmas Day and New Year's next week, so, I'm not sure when they will allow pricing changes this next two weeks.
Merry Christmas everyone!..and the "warmest" of holiday wishes!
Regards,
George
Twitter @GeorgeMurphyMHA
I used to name it after the old oil delivery company that used to be up off Wishingwell Road! Go figure, coming from me!
Here's what I have for this week's price changes. All numbers in:
Heating and stove oils show a drop of 1.45 cents a litre.
Diesel shows down by an even two cents a litre, and..
Gasoline shows just a modest 6/10ths of a cent a litre drop.
Still some volatility in the numbers as the markets try to settle things out with oil prices. Don't forget the winter blending in heating and diesel numbers that may throw them off some!
Things appear at first glance to have bottomed out in the markets for now. All will now depend on consumption and the next inventory reports out of the US. With an improving economic situation stateside, look for a slight increase in oil prices, but not enough right away to bring prices in the immediate St. John's northeast area over that magical "buck a litre" scenario we've been looking at. At least, not right away!
Also, I'm not sure when they will bring in this next round of price changes. Holidays are falling in with Christmas Day and New Year's next week, so, I'm not sure when they will allow pricing changes this next two weeks.
Merry Christmas everyone!..and the "warmest" of holiday wishes!
Regards,
George
Twitter @GeorgeMurphyMHA
Tuesday, December 16, 2014
Numbers for Thursday, December 18, 2014
Well, the numbers are in for Thursday.
Here's what I have, along with a few more to note. Don't forget winter blending that may throw off diesel and heating oil numbers, and don't forget HUGE volatility may be in the numbers from heavy market activity!:
Heating and stove oils are showing a drop of 1.75 cents a litre
Diesel shows a drop of 1.2 cents a litre.
Gasoline shows a drop of six cents a litre.
This time next week should see a gas price in the high eighties in the St. John's northeast region. Enjoy!...But conserve!
Jet fuel now shows an even sixty cents a litre. On June 27th that number was 86 cents a litre. To all of you, it is really time to get upset over the fact that the airlines are still maxing out on air fuel surcharges to airline customers. It's really time they give back!
#6 fuel oil for electrical generation is also down to $47.75 a US barrel. It was pricing in at $96 US in June. That means that the rate adjustment formula should bring some drop to electricity prices here in Newfoundland and Labrador. If you don't live here, you should also see some sort of break, if you use that type of generation in the grid!
The Saudi's are having a little more competition from a fellow OPEC member, Iran. With concerns over the loss of market share, the Iranians are competing for Asian customers as they try to retain their own markets. If that keep up, look for other oil-producing nations to "join in" and drop prices to their customers.
Finally, the Canadian dollar continues to take a beating at the loss of the price of oil. We've lost almost a cent and a half against the US greenback over the last week!
That's it for now!
Regards,
George
Twitter @GeorgeMurphyMHA
Here's what I have, along with a few more to note. Don't forget winter blending that may throw off diesel and heating oil numbers, and don't forget HUGE volatility may be in the numbers from heavy market activity!:
Heating and stove oils are showing a drop of 1.75 cents a litre
Diesel shows a drop of 1.2 cents a litre.
Gasoline shows a drop of six cents a litre.
This time next week should see a gas price in the high eighties in the St. John's northeast region. Enjoy!...But conserve!
Jet fuel now shows an even sixty cents a litre. On June 27th that number was 86 cents a litre. To all of you, it is really time to get upset over the fact that the airlines are still maxing out on air fuel surcharges to airline customers. It's really time they give back!
#6 fuel oil for electrical generation is also down to $47.75 a US barrel. It was pricing in at $96 US in June. That means that the rate adjustment formula should bring some drop to electricity prices here in Newfoundland and Labrador. If you don't live here, you should also see some sort of break, if you use that type of generation in the grid!
The Saudi's are having a little more competition from a fellow OPEC member, Iran. With concerns over the loss of market share, the Iranians are competing for Asian customers as they try to retain their own markets. If that keep up, look for other oil-producing nations to "join in" and drop prices to their customers.
Finally, the Canadian dollar continues to take a beating at the loss of the price of oil. We've lost almost a cent and a half against the US greenback over the last week!
That's it for now!
Regards,
George
Twitter @GeorgeMurphyMHA
Tuesday, December 09, 2014
Price changes for Thursday, December 11, 2014
Hi to all,
Here's what I have for this Thursday's price changes:
Heating and stove oils show a drop of 3 cents a litre.
Diesel shows a drop of 4.1 cents a litre, and...
Gasoline shows a drop of 5.6 cents a litre.
Keep in mind that these numbers are off the regulated maximum. St. John's East could be looking at under a buck a litre by Monday/Tuesday of this drop comes into effect.
I was off last week on the gas numbers, the most in months, however, I believe I wasn't really that far off as Halifax prices dropped steeply last week by better than six cents a litre. They're measured just a day apart from us here. I think the gasoline number should be a little closer this time around, but don't forget that there's still a very volatile market out there, and of course, we're still dealing with the winter heating and Diesel blends!
Oil starting to flatten?
The Asian countries are the beneficiaries of some pretty good deals on oil as Saudi Arabia is still competing with US producers. Seems as though the challenge is on and we're starting to see some US companies starting to park their plans to frack for more oil in 2015. We may be witnessing a flattening of oil output from the US, and hence, a slowdown in drops to prices, and perhaps some stability to oil and refined product.
We'll see what happens in the markets, but the last measure I had of oil producing rigs and drilling projects still didn't make it apparent that drilling was stopping. Question is, are the Saudi's ready to keep prices steady?
I'll keep an eye out.
Airline fuel surcharges should come down
In the meantime, airline customers should be asking their respective carriers why they haven't returned some savings back to customers. Jet fuel prices have also retreated sharply, with jet fuel at 86 cents a litre Canadian in June to today's 64 cents a litre. It would be a nice travel season discount to regular flyers who have been paying a fortune in airline fuel surcharges as of late. That's close to 25 percent less than what it was in June month.
That's it for now!
Regards and safe travels!
George
Twitter @GeorgeMurphyMHA
Here's what I have for this Thursday's price changes:
Heating and stove oils show a drop of 3 cents a litre.
Diesel shows a drop of 4.1 cents a litre, and...
Gasoline shows a drop of 5.6 cents a litre.
Keep in mind that these numbers are off the regulated maximum. St. John's East could be looking at under a buck a litre by Monday/Tuesday of this drop comes into effect.
I was off last week on the gas numbers, the most in months, however, I believe I wasn't really that far off as Halifax prices dropped steeply last week by better than six cents a litre. They're measured just a day apart from us here. I think the gasoline number should be a little closer this time around, but don't forget that there's still a very volatile market out there, and of course, we're still dealing with the winter heating and Diesel blends!
Oil starting to flatten?
The Asian countries are the beneficiaries of some pretty good deals on oil as Saudi Arabia is still competing with US producers. Seems as though the challenge is on and we're starting to see some US companies starting to park their plans to frack for more oil in 2015. We may be witnessing a flattening of oil output from the US, and hence, a slowdown in drops to prices, and perhaps some stability to oil and refined product.
We'll see what happens in the markets, but the last measure I had of oil producing rigs and drilling projects still didn't make it apparent that drilling was stopping. Question is, are the Saudi's ready to keep prices steady?
I'll keep an eye out.
Airline fuel surcharges should come down
In the meantime, airline customers should be asking their respective carriers why they haven't returned some savings back to customers. Jet fuel prices have also retreated sharply, with jet fuel at 86 cents a litre Canadian in June to today's 64 cents a litre. It would be a nice travel season discount to regular flyers who have been paying a fortune in airline fuel surcharges as of late. That's close to 25 percent less than what it was in June month.
That's it for now!
Regards and safe travels!
George
Twitter @GeorgeMurphyMHA
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!
Regards,
George
Twitter @GeorgeMurphyMHA
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!
Regards,
George
Twitter @GeorgeMurphyMHA
Tuesday, November 25, 2014
Numbers for Thursday, November 27, 2014
Here's what I have for this Thursday's price changes:
Heating and stove oils show a drop of 1.27 cents a litre.
Diesel shows down by 1.5 cents, and...
Gasoline shows a drop of just 6/10ths of a cent a litre.
Keep in mind that there's a lot of volatility out there and that the winter blend is in for heating and Diesel numbers. They may be off somewhat.
The Canadian dollar actually gained about a half penny against the US dollar the last week. And with spot prices for all fuels measured showing hardly any change, that was the difference.
However, today, while the dollar gained slightly, we also saw the start of another move downwards for oil. It could be the start of what some are predicting as a move down to $60 US a barrel for West Texas Intermediate.
In the meantime, OPEC meets on Thursday. My feeling is that they have no choice but to put a symbolic cut to production in place. If they drop production, they risk losing important customers for their oil amid growing American US domestic production now pegged at 9.1 million barrels a day.
Watch the business news on Thursday for what OPEC does. I'm still sticking to a cut of 500,000 barrels a day by OPEC.
That's it for this week!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Heating and stove oils show a drop of 1.27 cents a litre.
Diesel shows down by 1.5 cents, and...
Gasoline shows a drop of just 6/10ths of a cent a litre.
Keep in mind that there's a lot of volatility out there and that the winter blend is in for heating and Diesel numbers. They may be off somewhat.
The Canadian dollar actually gained about a half penny against the US dollar the last week. And with spot prices for all fuels measured showing hardly any change, that was the difference.
However, today, while the dollar gained slightly, we also saw the start of another move downwards for oil. It could be the start of what some are predicting as a move down to $60 US a barrel for West Texas Intermediate.
In the meantime, OPEC meets on Thursday. My feeling is that they have no choice but to put a symbolic cut to production in place. If they drop production, they risk losing important customers for their oil amid growing American US domestic production now pegged at 9.1 million barrels a day.
Watch the business news on Thursday for what OPEC does. I'm still sticking to a cut of 500,000 barrels a day by OPEC.
That's it for this week!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Tuesday, November 18, 2014
Numbers for Thursday, November 20, 2014
Hi to all,
Here's what I have for this Thursday's price changes:
Heating and stove oils projected to drop by 2.96 cents a litre.
Diesel shows a drop of 1.9 cents a litre on the way, and...
Gasoline shows a drop of 2.4 cents a litre.
For the previous two weeks, I have been out a little, especially last week with my numbers down while an increase came into effect. I'll blame it on volatility out there. While it was down two weeks ago, it was down much further than expected, and I'm thinking the difference added up to an increase for last week instead
.
But it looks like things will be back on track for this week again.
US domestic production of crude oil continues to set records, with the numbers amounting to nearly 9.1 million barrels a day being pumped out of the ground in the US. That's offsetting any possible cut that OPEC may be thinking. We'll find out later on the 27th if OPEC will institute any cuts, but with US domestic rising, it's not likely they will at the risk of losing market share.
At least that's the talk out of the Middle East.
I'm thinking that OPEC will make a move, but not a substantial one. I think right now they'd all be happy just to stop the fall of oil and offset any US domestic production that may come on line to add to the world glut.
George is guessing OPEC will cut by 500,000 barrels a day to try to stop the slide.
Any takers?...
We'll see what happens!
That's it for this week!
Regards,
George
Twitter @GeorgeMurphyMHA
Here's what I have for this Thursday's price changes:
Heating and stove oils projected to drop by 2.96 cents a litre.
Diesel shows a drop of 1.9 cents a litre on the way, and...
Gasoline shows a drop of 2.4 cents a litre.
For the previous two weeks, I have been out a little, especially last week with my numbers down while an increase came into effect. I'll blame it on volatility out there. While it was down two weeks ago, it was down much further than expected, and I'm thinking the difference added up to an increase for last week instead
.
But it looks like things will be back on track for this week again.
US domestic production of crude oil continues to set records, with the numbers amounting to nearly 9.1 million barrels a day being pumped out of the ground in the US. That's offsetting any possible cut that OPEC may be thinking. We'll find out later on the 27th if OPEC will institute any cuts, but with US domestic rising, it's not likely they will at the risk of losing market share.
At least that's the talk out of the Middle East.
I'm thinking that OPEC will make a move, but not a substantial one. I think right now they'd all be happy just to stop the fall of oil and offset any US domestic production that may come on line to add to the world glut.
George is guessing OPEC will cut by 500,000 barrels a day to try to stop the slide.
Any takers?...
We'll see what happens!
That's it for this week!
Regards,
George
Twitter @GeorgeMurphyMHA
Tuesday, November 11, 2014
Numbers for Thursday, November 13, 2014
Hi to all,
Hope everyone had a great Remembrance Day and that you all got out to our respective communities to help remember the sacrifice others made for us...
Here's what I have for this Thursday's price changes:
Heating and stove oils to drop by just 1/10th of a cent.
Diesel prices to increase by 4/10ths of a cent a litre, and...
Gasoline to drop by 7/10ths of a cent a litre.
Keep in mind that my heating and Diesel numbers may be off somewhat as a result of winter fuel blending!
OPEC meets November 27th in Vienna
Surely we'd all like to be a bug on the wall at the next meeting of OPEC on November 27th when they discuss the possibilities of making production cuts to try and support the price of oil.
I know I would!
OPEC members Saudi Arabia and Iraq aren't all that fussy about making production cuts it seems, and it's doubtful if OPEC as a group would institute such a measure that would bring trouble for some of the member nations. Just think about Venezuela having to take a share of the cut with that country already facing a heavy debt and running close to a 60% inflation rate! With US domestic producers pounding out product and looking to export, it may be a new reality for OPEC that they'd be looking at market competition. According to what I'm hearing, they may take the new price of oil as the new normal for the oil markets as a result. Funny as it seems, but OPEC might not be able to compete for a long time to come.
Lower oil good for North Atlantic Refining
Here? It has to be good for our local refiner North Atlantic! One of the largest problems they had to deal with was the rising price of crude. Now that oil is a little cheaper for them, it helps the survivability of the refinery. Gas is cheaper than what it was a short time ago and crude acquisition costs are down as well.
That means jobs on an improved bottom line.
By the way. Brent closed at $80.35 US today.
That's it for now!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Tuesday, November 04, 2014
Price changes for Thursday, November 6th, 2014
Hi to everyone,
Here's what I have for price changes this week. Keep in mind that my heating oil and Diesel numbers may be off somewhat as a result of winter blending!
In the meantime, not too much in changes this week, namely be cause of the poor performance of the Canadian dollar against the US greenback. Our "beloved" loonie lost a good 2.6 cents against the US buck in the last six days and that's accounting for a lot.
Heating and stove oils show an increase of 55/100ths of a cent a litre.
Diesel shows an added 1.3 cents a litre, and...
Gasoline shows a drop of just 9/10ths of a cent a litre.
An important note here with the numbers.
While there's not much of a drop to be shown with distillate prices, it's important to remember that we are in the winter demand season. In spite of lower oil, there has been limited impacts on both heating oil and diesel prices. Draws on US inventory aren't helping the matter.
Gasoline a little different as demand remains flat, even with lower prices. refiner capacity is a full seven percent below the normal due to refiners switching from gasoline refinement to distillates. When production resumes, this should add to inventories and bring prices down further.
In the meantime, I'm looking with interest at tomorrow's inventory report from the EIA, sometime around noon release on that.
Lastly, on gasoline.
Spot prices reflect the start of what may come next week. While they averaged about 67 cents this last session, today ended off about 65 cents. If that keeps going like it is, look for about another two cents "guess-timate" for next week to come.
I think the Saudi's are beginning to go for broke with the discounts on oil they're offering their US customers. The advent of huge growth in US domestic production is finally putting the pressure on OPEC pricing and the Saudi's are forced to discount to maintain their market share. Mind you, we're seeing the benefits of that and also witnessing some dissent amongst other OPEC producers who think that Saudi Arabia alone should be forced to take the majority of any production cut, should OPEC implement a cut on November 27th.
I won't overload you all with what I'm thinking is going to happen over the next few weeks. If you have any questions, drop me a note.
That's it for this week!
George
Twitter @GeorgeMurphyMHA
Here's what I have for price changes this week. Keep in mind that my heating oil and Diesel numbers may be off somewhat as a result of winter blending!
In the meantime, not too much in changes this week, namely be cause of the poor performance of the Canadian dollar against the US greenback. Our "beloved" loonie lost a good 2.6 cents against the US buck in the last six days and that's accounting for a lot.
Heating and stove oils show an increase of 55/100ths of a cent a litre.
Diesel shows an added 1.3 cents a litre, and...
Gasoline shows a drop of just 9/10ths of a cent a litre.
An important note here with the numbers.
While there's not much of a drop to be shown with distillate prices, it's important to remember that we are in the winter demand season. In spite of lower oil, there has been limited impacts on both heating oil and diesel prices. Draws on US inventory aren't helping the matter.
Gasoline a little different as demand remains flat, even with lower prices. refiner capacity is a full seven percent below the normal due to refiners switching from gasoline refinement to distillates. When production resumes, this should add to inventories and bring prices down further.
In the meantime, I'm looking with interest at tomorrow's inventory report from the EIA, sometime around noon release on that.
Lastly, on gasoline.
Spot prices reflect the start of what may come next week. While they averaged about 67 cents this last session, today ended off about 65 cents. If that keeps going like it is, look for about another two cents "guess-timate" for next week to come.
I think the Saudi's are beginning to go for broke with the discounts on oil they're offering their US customers. The advent of huge growth in US domestic production is finally putting the pressure on OPEC pricing and the Saudi's are forced to discount to maintain their market share. Mind you, we're seeing the benefits of that and also witnessing some dissent amongst other OPEC producers who think that Saudi Arabia alone should be forced to take the majority of any production cut, should OPEC implement a cut on November 27th.
I won't overload you all with what I'm thinking is going to happen over the next few weeks. If you have any questions, drop me a note.
That's it for this week!
George
Twitter @GeorgeMurphyMHA
Tuesday, October 28, 2014
Price changes for Thursday, October 30, 2014
Hi to all,
Here's what I have for this week's price changes:
Heating/stove oils show a drop of 1.7 cents a litre.
Diesel shows down by a penny, and...
Gasoline shows a drop of 2.1 cents a litre.
The trading in oil has been a little "slick" if I can say that. I'm noting a pattern where the numbers seem to go against the real news that's out there. It's almost like a few people out there are putting in huge bids for oil just to try and support the price, hoping for the bad news to hit so they don't have to put more in.
Last week's increase in inventory should have sent oil prices well down, but they didn't. After bouncing down a few pennies, they more or less have stabilized around $81 and change US for West Texas Intermediate. You would have expected lower, considering the huge build the week previous to that. While there's a chronic sign of huge supplies out there, prices haven't fallen to match.
It's worth keeping an eye on the numbers to see how the markets react tomorrow.
Either way, consumers should expect another five cents off gasoline prices the next couple of weeks as spot prices remain about 16 cents a US gallon above what the "futures" numbers are saying, provided the markets remain steady. We'll keep an eye to that one too and see if it transpires.
That's it for this week...
Regards,
George
Twitter @GeorgeMurphyMHA
Here's what I have for this week's price changes:
Heating/stove oils show a drop of 1.7 cents a litre.
Diesel shows down by a penny, and...
Gasoline shows a drop of 2.1 cents a litre.
The trading in oil has been a little "slick" if I can say that. I'm noting a pattern where the numbers seem to go against the real news that's out there. It's almost like a few people out there are putting in huge bids for oil just to try and support the price, hoping for the bad news to hit so they don't have to put more in.
Last week's increase in inventory should have sent oil prices well down, but they didn't. After bouncing down a few pennies, they more or less have stabilized around $81 and change US for West Texas Intermediate. You would have expected lower, considering the huge build the week previous to that. While there's a chronic sign of huge supplies out there, prices haven't fallen to match.
It's worth keeping an eye on the numbers to see how the markets react tomorrow.
Either way, consumers should expect another five cents off gasoline prices the next couple of weeks as spot prices remain about 16 cents a US gallon above what the "futures" numbers are saying, provided the markets remain steady. We'll keep an eye to that one too and see if it transpires.
That's it for this week...
Regards,
George
Twitter @GeorgeMurphyMHA
Tuesday, October 21, 2014
Numbers for Thursday, October 23, 2014
Hi everyone,
Here's what I have for this week's price changes.
Not too much to report here, but refined commodities prices still remain low on the MYMEX for the week, albeit not as low as what one would have expected, considering the slight rebound in overall crude oil prices. Futures prices remain a rough 12 cents a US gallon lower than spot pricing that I track, so there's still an "unknown" amount coming down the pipes somewhere yet to come.
Heating and stove oils show a drop of 1.53 cents a litre on the way.
Diesel shows down by a penny, and..
Gasoline is down just 8/10ths of a cent on a litre.
It's still up in the air on exactly how much oil will still drop, or if it is going to drop further. Some improvement over China manufacturing numbers helped to support oil prices the last two days, but the economic situation in the European Union still remains at question. Add to this the latest EIA inventory report tomorrow. If there's a draw of oil against US inventory, look for West Texas prices to increase. The same would go for refined commodity prices. My "fear" is that consumers saw cheaper prices overall at the pumps the last week or so, and probably consumed enough to cause a kick-back in inventories this week.
We'll see what happens around 12 noon Wednesday, see if this string of price drops continues!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Here's what I have for this week's price changes.
Not too much to report here, but refined commodities prices still remain low on the MYMEX for the week, albeit not as low as what one would have expected, considering the slight rebound in overall crude oil prices. Futures prices remain a rough 12 cents a US gallon lower than spot pricing that I track, so there's still an "unknown" amount coming down the pipes somewhere yet to come.
Heating and stove oils show a drop of 1.53 cents a litre on the way.
Diesel shows down by a penny, and..
Gasoline is down just 8/10ths of a cent on a litre.
It's still up in the air on exactly how much oil will still drop, or if it is going to drop further. Some improvement over China manufacturing numbers helped to support oil prices the last two days, but the economic situation in the European Union still remains at question. Add to this the latest EIA inventory report tomorrow. If there's a draw of oil against US inventory, look for West Texas prices to increase. The same would go for refined commodity prices. My "fear" is that consumers saw cheaper prices overall at the pumps the last week or so, and probably consumed enough to cause a kick-back in inventories this week.
We'll see what happens around 12 noon Wednesday, see if this string of price drops continues!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Tuesday, October 14, 2014
Numbers for Thursday, October 16, 2014
As promised, the final numbers for Thursday's price changes:
Again, keep in mind that heating and diesel numbers may be off because of the winter blending of fuels!
Heating and stove oils to drop by 2.56 cents a litre.
Diesel to drop by 2.7 cents a litre, and...
Gasoline to drop by 6.8 cents a litre.
These numbers are very volatile, but downwards!
OPEC may not cut, but will probably end up competing against each other for market share. That may cause them to split. Venezuela is wanting a meeting to institute cuts to help support its own treasury, but others such as Algeria are not agreeable to those cuts and would rather ride out the storm. It's interesting to watch!
In the meantime, US domestic production is again playing a huge role with the EIA again measuring production reaching 8.83 million barrels a day. I saw figures last week measuring output at 9.01 million barrels. The truth probably lies in the middle somewhere.
While all that goes on, expect prices to continue to decline to the consumer over the next week at least! I'll keep you up to date!
Pass the word everyone! Prices are going down!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Again, keep in mind that heating and diesel numbers may be off because of the winter blending of fuels!
Heating and stove oils to drop by 2.56 cents a litre.
Diesel to drop by 2.7 cents a litre, and...
Gasoline to drop by 6.8 cents a litre.
These numbers are very volatile, but downwards!
OPEC may not cut, but will probably end up competing against each other for market share. That may cause them to split. Venezuela is wanting a meeting to institute cuts to help support its own treasury, but others such as Algeria are not agreeable to those cuts and would rather ride out the storm. It's interesting to watch!
In the meantime, US domestic production is again playing a huge role with the EIA again measuring production reaching 8.83 million barrels a day. I saw figures last week measuring output at 9.01 million barrels. The truth probably lies in the middle somewhere.
While all that goes on, expect prices to continue to decline to the consumer over the next week at least! I'll keep you up to date!
Pass the word everyone! Prices are going down!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Timing is everything...
Whenever I get the chance to speak in the House of Assembly, I do. I do it with gusto, passion and my constituents in mind.
Such was the case when I rose in the House to speak to the budget in 2012. The occasion was to debate government's notion to budget oil at $112 US a barrel.
I remember it well, although in the debate, it was only afterwards you realize that sometimes timing is everything, and that even my own timelines can be set off somewhat. I worried that day over the huge expanse of US domestic production and what it could mean for the province if it kept on the path of budgeting based on future oil output and pricing projections.
It would potentially cost us dearly...
Now, mind you, any government can budget around those numbers and the expectations of the oil markets, but to maintain spending at those levels may be foolhardy. Services like healthcare are still in growing need, schools still need to be replaced and roads built. Expectations are still there...
I argued that day what was starting to happen: that US domestic production of oil was fast increasing to the point that OPEC influence on price would be affected and that we may not see the trend until it hit us where it hurts. My "game day" scenario saw us not budgeting on anything over $100 US a barrel.
In the Muskrat Falls debate later that year in December also saw me using the same points, that we would be better off realizing that the slow climb to Nalcor's $145 US a barrel would be a pipe dream. I argued the case for natural gas onshore for electrical generation, taking stranded gas offshore, and using that also as a source of revenue. Others were shipping and exporting LNG, so why not us, and generate needed electricity as well at the same time?
Again in 2013 budget debate, I argued that Brent should be priced between $95 and $100 US for the fiscal year ending in March. Not a cent above, because of the same US domestic production figures that would affect the markets. US domestic would affect the markets so much, and so much oil would be available, that the price of Brent would be dragged to a lower selling point...
Now it has come to fruition, and there's not a darn thing even OPEC can do about it. If they cut output, they deprive their citizens of revenue and work. They run the risk of further Middle East instability with OPEC stability itself at question.
Countries worldwide have their own domestic supplies spelled out for them in deep underground shale reserves, and the final arbiter to future prices may be about to speak in the form of China and India. For recently, I think it was back in March of 2012, China entered into an exploration and development agreement with Royal Dutch Shell to develop it's own shale reserves. If you consider that the present US shale explosion only started in 2005, there may be very little time to keep China as a customer for oil and to keep it as an important measure in determining what's left of theories expounding world oil prices. For if China does develop both oil and gas reserves, it would also have broken part of its own dependency on Russia and others from OPEC countries for its important energy needs, and that important factor in "supporting" oil prices removes itself from the markets. And at development costs that range $19US per well, how can they say no?
I'll give China five years to come on-stream.
The same can be said for India, who sit on massive natural shale gas reserves in their northeast region...
Nothing like "self-sufficiency" and a chance at breaking OPEC dependency!...
Are witnessing the death of high oil prices? Other factors have yet to play in the face of the present glut of product. Things like shutting down exploration and development of present finds, changing geo-political situations or economic slowdowns that have yet to play through.
What you're witnessing, as far as I'm concerned, is Big Oil getting a dose of reality; that others outside can now call the shot and determine what prices are good for economic development and consumers alike. It's something that's been missing from the markets since OPEC formed all those years ago, and a lesson that OPEC won't soon forget! Competition...
Nor should we forget.
Just don't lose sight that we're still going to need to develop alternate sources of energy that can completely remove us from fossil fuels. Just because we don't have to pay higher price for oil for a time to come doesn't mean we should lose sight of that. We need alternatives more than ever...
I'll be back later tonight with a post with this Thursday's price changes. Look for all numbers to be down!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Such was the case when I rose in the House to speak to the budget in 2012. The occasion was to debate government's notion to budget oil at $112 US a barrel.
I remember it well, although in the debate, it was only afterwards you realize that sometimes timing is everything, and that even my own timelines can be set off somewhat. I worried that day over the huge expanse of US domestic production and what it could mean for the province if it kept on the path of budgeting based on future oil output and pricing projections.
It would potentially cost us dearly...
Now, mind you, any government can budget around those numbers and the expectations of the oil markets, but to maintain spending at those levels may be foolhardy. Services like healthcare are still in growing need, schools still need to be replaced and roads built. Expectations are still there...
I argued that day what was starting to happen: that US domestic production of oil was fast increasing to the point that OPEC influence on price would be affected and that we may not see the trend until it hit us where it hurts. My "game day" scenario saw us not budgeting on anything over $100 US a barrel.
In the Muskrat Falls debate later that year in December also saw me using the same points, that we would be better off realizing that the slow climb to Nalcor's $145 US a barrel would be a pipe dream. I argued the case for natural gas onshore for electrical generation, taking stranded gas offshore, and using that also as a source of revenue. Others were shipping and exporting LNG, so why not us, and generate needed electricity as well at the same time?
Again in 2013 budget debate, I argued that Brent should be priced between $95 and $100 US for the fiscal year ending in March. Not a cent above, because of the same US domestic production figures that would affect the markets. US domestic would affect the markets so much, and so much oil would be available, that the price of Brent would be dragged to a lower selling point...
Now it has come to fruition, and there's not a darn thing even OPEC can do about it. If they cut output, they deprive their citizens of revenue and work. They run the risk of further Middle East instability with OPEC stability itself at question.
Countries worldwide have their own domestic supplies spelled out for them in deep underground shale reserves, and the final arbiter to future prices may be about to speak in the form of China and India. For recently, I think it was back in March of 2012, China entered into an exploration and development agreement with Royal Dutch Shell to develop it's own shale reserves. If you consider that the present US shale explosion only started in 2005, there may be very little time to keep China as a customer for oil and to keep it as an important measure in determining what's left of theories expounding world oil prices. For if China does develop both oil and gas reserves, it would also have broken part of its own dependency on Russia and others from OPEC countries for its important energy needs, and that important factor in "supporting" oil prices removes itself from the markets. And at development costs that range $19US per well, how can they say no?
I'll give China five years to come on-stream.
The same can be said for India, who sit on massive natural shale gas reserves in their northeast region...
Nothing like "self-sufficiency" and a chance at breaking OPEC dependency!...
Are witnessing the death of high oil prices? Other factors have yet to play in the face of the present glut of product. Things like shutting down exploration and development of present finds, changing geo-political situations or economic slowdowns that have yet to play through.
What you're witnessing, as far as I'm concerned, is Big Oil getting a dose of reality; that others outside can now call the shot and determine what prices are good for economic development and consumers alike. It's something that's been missing from the markets since OPEC formed all those years ago, and a lesson that OPEC won't soon forget! Competition...
Nor should we forget.
Just don't lose sight that we're still going to need to develop alternate sources of energy that can completely remove us from fossil fuels. Just because we don't have to pay higher price for oil for a time to come doesn't mean we should lose sight of that. We need alternatives more than ever...
I'll be back later tonight with a post with this Thursday's price changes. Look for all numbers to be down!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Tuesday, October 07, 2014
Hold off! Numbers for Thursday, October 9, 2014
Here they are, the numbers for Thursday with all the data in...
Again, just a reminder that the heating oil and Diesel numbers may be off somewhat because of winter blending that I can't track, so use those numbers as a rough indicator only!
Heating and stove oils show a drop of 1.3 cents a litre.
Diesel shows a drop of 1.8 cents a litre, and...
Gasoline shows a drop of 5.2 cents a litre.
Futures numbers are based on delivery of refined goods 45 days from now. If I go by those, there's still considerable downwards pressure in the next couple of weeks for fuels, but particularly gasoline prices. Futures numbers there traded today around $2.36 a US gallon. If I convert that to Canadian values, it could mean another 5.6 cents a litre yet to come to your pockets...IF all goes accordingly...
Keep conserving everywhere, and we can all make a bigger impact here!
Brent crude closed today at $91.73 US a barrel.
I'm keeping an eye out for anything else that might transpire in the coming days, but that drop in gasoline looks pretty good, especially with more on the way if all holds true...
Feel free to pass this one along to everyone!...Everywhere!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Again, just a reminder that the heating oil and Diesel numbers may be off somewhat because of winter blending that I can't track, so use those numbers as a rough indicator only!
Heating and stove oils show a drop of 1.3 cents a litre.
Diesel shows a drop of 1.8 cents a litre, and...
Gasoline shows a drop of 5.2 cents a litre.
Futures numbers are based on delivery of refined goods 45 days from now. If I go by those, there's still considerable downwards pressure in the next couple of weeks for fuels, but particularly gasoline prices. Futures numbers there traded today around $2.36 a US gallon. If I convert that to Canadian values, it could mean another 5.6 cents a litre yet to come to your pockets...IF all goes accordingly...
Keep conserving everywhere, and we can all make a bigger impact here!
Brent crude closed today at $91.73 US a barrel.
I'm keeping an eye out for anything else that might transpire in the coming days, but that drop in gasoline looks pretty good, especially with more on the way if all holds true...
Feel free to pass this one along to everyone!...Everywhere!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Tuesday, September 30, 2014
Numbers for Thursday price changes
Hello to everyone,
Here's what I have for this Thursday's price changes:
Heating and stove oils expected to rise by 1.25 cents a litre.
Diesel expected to rise by 9/10ths of a cent, and...
Gasoline shows an added 3.4 cents a litre.
*Note that I believe it is this Thursday where the winter blend for heating and Diesel fuels comes into effect, so the numbers for those fuels may be slightly off as a result of the new blend. Use those numbers as a rough indicator only.
The markets were a little choppy this last period with everything from sell-offs of oil interests to refinery shut-downs in the US northeast and eastern Canada. That's why we're looking at a sharp jump in gasoline prices this week, along with some of the distillate fuels. That, and the other downside factor of the strength in the US dollar. Because there's such insecurity over world markets still, and slow worldwide economic recovery (if any) outside the US, their dollar has been gaining an awful lot of strength against the Canuck Buck. We've lost 1.2 cents against the US dollar just this last week!
On the positive end, I don't expect those prices to stick for next week. Already, the markets are starting to take notice of an impending glut in the worldwide markets and that has sent all crude oil prices to the downside that consumers should start to notice shortly.
The sharp increase to Libyan production this last week, all in spite of some unrest there has sent Brent prices down. Speculators, especially those selling hedge funds into those markets, have been pulling out from their long positions now that the writing is on the wall as regards to an abundance of crude out there. US domestic production has hit another record with the EIA estimating overall US numbers hitting close on 8.9 million barrels a day.
I'll leave it at that, but right now, speculators are now betting on lower oil!
Feel free to share this!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Here's what I have for this Thursday's price changes:
Heating and stove oils expected to rise by 1.25 cents a litre.
Diesel expected to rise by 9/10ths of a cent, and...
Gasoline shows an added 3.4 cents a litre.
*Note that I believe it is this Thursday where the winter blend for heating and Diesel fuels comes into effect, so the numbers for those fuels may be slightly off as a result of the new blend. Use those numbers as a rough indicator only.
The markets were a little choppy this last period with everything from sell-offs of oil interests to refinery shut-downs in the US northeast and eastern Canada. That's why we're looking at a sharp jump in gasoline prices this week, along with some of the distillate fuels. That, and the other downside factor of the strength in the US dollar. Because there's such insecurity over world markets still, and slow worldwide economic recovery (if any) outside the US, their dollar has been gaining an awful lot of strength against the Canuck Buck. We've lost 1.2 cents against the US dollar just this last week!
On the positive end, I don't expect those prices to stick for next week. Already, the markets are starting to take notice of an impending glut in the worldwide markets and that has sent all crude oil prices to the downside that consumers should start to notice shortly.
The sharp increase to Libyan production this last week, all in spite of some unrest there has sent Brent prices down. Speculators, especially those selling hedge funds into those markets, have been pulling out from their long positions now that the writing is on the wall as regards to an abundance of crude out there. US domestic production has hit another record with the EIA estimating overall US numbers hitting close on 8.9 million barrels a day.
I'll leave it at that, but right now, speculators are now betting on lower oil!
Feel free to share this!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Tuesday, September 23, 2014
Price changes for Thursday, September 25, 2014
Hello everyone,
Here's what I have for this Thursday's price changes:
Heating and stove oils show a drop of 1.18 cents a litre.
Diesel fuel is expected to drop by 1.6 cents a litre,and...
Gasoline showing a small increase of 8/10ths of a cent a litre.
The amazing strength of the US dollar has probably come about as the result of the weakness of the overall world economy. With consumer demand remaining "lackluster", it would be good reason for investors to start placing their faith in the strongest of currencies.
Until such a time as any signs of world economic activity picking up, expect commodities like oil and gold to continue to show weakness.
How long can that be expected remains a question in itself though, and perhaps a topic I'll pick up on another time!
That's it for this week!
Regards,
George
Twitter @GeorgeMurphyMHA
Here's what I have for this Thursday's price changes:
Heating and stove oils show a drop of 1.18 cents a litre.
Diesel fuel is expected to drop by 1.6 cents a litre,and...
Gasoline showing a small increase of 8/10ths of a cent a litre.
The amazing strength of the US dollar has probably come about as the result of the weakness of the overall world economy. With consumer demand remaining "lackluster", it would be good reason for investors to start placing their faith in the strongest of currencies.
Until such a time as any signs of world economic activity picking up, expect commodities like oil and gold to continue to show weakness.
How long can that be expected remains a question in itself though, and perhaps a topic I'll pick up on another time!
That's it for this week!
Regards,
George
Twitter @GeorgeMurphyMHA
Tuesday, September 16, 2014
Price changes for Thursday, September 18, 2014
Hello everyone;
Here's what I have for this Thursday's price changes:
Heating and stove oils expected to drop by 1.48 cents a litre.
Diesel to drop by 1.5 cents a litre, and...
Gasoline to drop by 2.2 cents a litre.
Crude oil rose for the first time in two weeks as OPEC's secretary Abdulla El-Badri speculated that producers within the organization may institute production cuts at its next meeting in Vienna in November. The Saudi Arabian oil minister, Ali Al-Naimi however said just last week that there was no need for any production cut as he expects oil demand to pick up later this fall as demand for heating oil picks up to meet expected colder weather.
Other than that this week, a cut to world oil demand was expected in the next year by the International Energy Agency. No doubt, consumers are still upset with elevated prices and demand for fuels such as gasoline and distillates remains flat. Huge numbers in increases in US domestic production will continue to influence oil prices ahead of what OPEC may do. In spite of OPEC's talk about a possible production cut, I don't expect to see an increase anytime soon to all fuels as a result of the availability of oil product.
That's it for this week! Feel free to pass this note around!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
Here's what I have for this Thursday's price changes:
Heating and stove oils expected to drop by 1.48 cents a litre.
Diesel to drop by 1.5 cents a litre, and...
Gasoline to drop by 2.2 cents a litre.
Crude oil rose for the first time in two weeks as OPEC's secretary Abdulla El-Badri speculated that producers within the organization may institute production cuts at its next meeting in Vienna in November. The Saudi Arabian oil minister, Ali Al-Naimi however said just last week that there was no need for any production cut as he expects oil demand to pick up later this fall as demand for heating oil picks up to meet expected colder weather.
Other than that this week, a cut to world oil demand was expected in the next year by the International Energy Agency. No doubt, consumers are still upset with elevated prices and demand for fuels such as gasoline and distillates remains flat. Huge numbers in increases in US domestic production will continue to influence oil prices ahead of what OPEC may do. In spite of OPEC's talk about a possible production cut, I don't expect to see an increase anytime soon to all fuels as a result of the availability of oil product.
That's it for this week! Feel free to pass this note around!
Regards,
George Murphy
Twitter @GeorgeMurphyMHA
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