Final update (#3)

Oil markets still in drive mode
All fuels show increases on the way

Media release

Conception Bay South, NL, June 16, 2009- Oil prices are rising and so are the costs to the consumer with all fuel prices set to increase later this week, at least that’s according to George Murphy’s data.

Final numbers in
“Stronger numbers are in today that show all fuel users in Newfoundland and Labrador will experience increases in consumer prices this coming Thursday morning. With all data now in, consumers will see an added 2.01 cents per litre on heating and stove oil pricing, an added 2.8 cents a litre on diesel prices and a huge 6.6 cent a litre hike in gasoline pricing,” said Murphy

“In spite of inflation fears, investors are still betting on increased demand of fuel products. That, and a failing US dollar have also helped in supporting pricing to consumers that will be very noticeable later this Thursday morning with anticipated increases on the way.

Watch out for the gas and go
“With the increase in pump prices about to hit, consumers should be aware of the person next to them fueling up who may attempt the “gas and go”, a common type of theft whenever there is a run-up in pricing. As in other years, consumers have to be aware of the fact that this is a type of theft that gets passed down to the consumer in added costs to service stations. We can help avoid this problem by being aware of who you are filling up next to and making note of who the person is and what kind of car they are driving, getting the necessary data for . The last thing we need to see as consumers is the cost of theft being passed down to the consumer.”

-30-

For more information, contact;

George Murphy
Consumer Group for Fair Gas Prices