So, with oil up, prices will be up right?...

Wrong!

The last few days have been interesting ones with oil pricing but, hey, that's my fun game!...

Just a little note here and a little notice to some consumers and users of the "update" and the info I publish on the blog here. Numbers are still showing "down" on heating and stove oils (-5.8/Lt), gasoline (-5.9/Lt), and diesel (-7.0/Lt) with one more days worth of data to come.

The latest round of oil price increases are pure speculation on some traders parts as they play on the fact that there is a "possibility" of some kind of supply disruption resulting from the Gaza violence. Last week showed good inventory builds and that played itself through the later stages of last week as well as dropping demand figures. Traders are playing a dangerous game before the OPEC cuts take their full effect in February month so, I'm thinking that oil will drop later this week as investors go for some profit-taking. See if I'm right on that one later.

In the meantime, if I'm not and oil continues to trade higher on spec, then we may experience some small hiccup in pricing a couple of weeks down the road, unless the numbers warrant interruption by the PUB.

The word then?

After this week's drop in heating and stove oil prices, fill those oil tanks!

More on my final numbers late tomorrow night or early Wednesday morning. You might want to check the blog first before relying on your in-box as the mass mailing sometimes experiences delays of 24 hours or so.

Either way, pricing will be down this week, and all in time for New Years!

Regards,

George

****NOTE: I lost a good cheer-leader due to the acts of a drunken driver on December 26th who took the life of my fourty year old co-hort and friend. I just wish people learn to stop their foolish acts and it is to his memory that this update is dedicated.

Farewell friend, you will be sadly missed!