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Gas and Oil

Gas and Oil

Posted: 10 Jan 2010 02:34 PM PST

Numbers still up after weekend trading

No relief this week, I'm afraid!

Here's what I have after the weekend sessions and twelve days out of a possible fourteen days for this pricing session. Numbers are still showing increases on the way for Thursday.

  • Heating and stove oils show an increase of 3.79 cents a litre.
  • Diesel now shows an added 4.4 cents a litre, and...
  • Gasoline shows an increase of 4.3 cents a litre.

The economic news continues to show improvement and the US dollar isn't showing any sustained improvement. That, in itself is telling investors that commodities are worthy of investment rather than any form of currency.

The plus in this round of increases?

The Canadian dollar continues to gain against the US greenback and the result is a less of an impact on any increases we could have been seeing this time around. If this had been two weeks ago, most fuel prices would be showing close on five cents a litre, if not more, for consumers.

I wouldn't call it lucky, but hey. Anything to cut the increases right?

I'll be back again Monday night. Remember that there's only a week left in the voting for the bloggers awards. Get out there and click on BOTW 18!

Regards,

George

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