Update! All seven days of data are in!


Interruption not likely to gasoline, stove oils
Heating oil and diesel numbers remain questionable

Media release

Conception Bay South, NL, April 1, 2009- It’s not likely that consumers will see any changes to some fuel prices this coming Thursday but, heating oil prices are still at risk of price interruption as an important component of the fuel remains a pricing mystery.

“While all numbers are showing up, all fuels with the exception of heating oils will not likely see increases to pricing this week. For interruption to pricing to occur, we have to see an average four cent a litre movement, up or down, from the previous price setting. Numbers were showing that pricing was elevated during the end of last week but backed down over the last three business days. We may have dodged a pricing bullet this week but could still see increases on all levels for next week instead,” said George Murphy, group researcher for the Consumer Group for Fair Gas Prices.

“Heating oil is a combination of jet fuel and #2 type heating oils and it’s the jet fuel component that we have no price for. While the #2 number shows an increase of 3.3 cents a litre, it’s a mystery what will make up the rest of the price for the fuel. If you need heating oils, I would recommend a ‘buy” option in case the jet fuel number was up this past week as a precautionary measure.

“Gasoline shows up by 2.2 cents a litre, diesel up by 3.6 cents and stove oils (#2) up by 3.3 cents a litre. I’m a little concerned with the diesel number as well as it is close to the average four cent a litre requirement for interrupt to occur. I’m putting a “buy” recommend option on that too; in case there is data that the P.P.O has showing interruption is warranted.”

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For more information, contact;

George Murphy
Group researcher/Member My blog: www.gasandoil.blogspot.com
Consumer Group for Fair Gas Prices
gasprices@hotmail.com