Update #1

Just wait for later this week!

If you think we just might get the rout at the pumps later on this week when the PUB sets prices again, you'd be right.

With oil prices increasing and with no signs of abatement, it's looking more positive that we're going to take quite the jolt when they are set Thursday morning. To put it mildly, when we skipped out on interruption to pricing, we just missed getting a four cent a litre hit at the pumps.

Since then, oil and all it's related refined commodities, have also increased in value.

Here's what I have for this coming Thursday, keeping in mind that I have to get two more business days of data before I call the final shot on Thursday;

• Heating and stove oil prices to increase by 1.85 cents per litre.
• Diesel prices increase by 2.6 cents a litre, and...
• Gasoline to increase by 6.1 cents a litre, so far.

Yup...

Hurts...

Talk about hijacking economic recovery...

Regards,

George