lonearranga
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Message Posted: Jan 18, 2006 8:58:46 AM
January 12/06 52.88/Litre
January 13/06 52.08
January 16/06 Markets Closed
January 17/06 55.20/Litre
With the Iranian oil minister asking OPEC for that 1 Miliionbarrel production cut the week before and now warnings from the same country to European Union and the United Nations to stay out of it's nuclear energy research,Iran is again promising to use oil as a weapon in the face of possible sanctions.
That possibility has the world wondering about Iran's 4 million barrels per day leaving the markets.
What would that do to prices?...
Hold your breath because I think that oil prices could reach $85.00 US a barrel depending on how long Iranian production would be off the markets-if it were to happen.
Regards,
George
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lonearranga
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Message Posted: Jan 12, 2006 5:10:07 AM
January 09/06 54.87/Litre
January 10/06 53.63
January 11/06 52.68/Litre
A drop in inventories of crude but good builds in distillate and gasoline for the last week might be the forebearer of things to come this week.
Telling on all this was the fact that crude oil went up while the value of the commodities went DOWN.
It was odd to see but we'll take it!
Regards,
George
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lonearranga
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Message Posted: Jan 7, 2006 7:23:18 AM
Latest spots as I have them...
Note that the spots since the increase of Tuesday have still been rising and I don't see any sign of dropping.fridays market close of oil at $64.22 got me wondering what it's going to take to stop it's climb as we're being witness to low refinery capacity that is being utilized.
Like I told Rick Howe on Friday,if Canada had to play at 90% against the Russians on Thursday night does anyone think they would have won gold?...
The oil companies shouldn't get gold for a 90% production rate but they are!...
January 02/06 Market Holiday
January 03/06 54.44/Litre
January 04/06 54.90
January 05/06 55.46
January 06/06 56.29/Litre
That last number got me wondering about another possible increase coming...
Regards,
George
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lonearranga
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Message Posted: Jan 2, 2006 1:47:22 AM
December 30/05 54.52/Litre
Hate to say it but I'm thinking a hit at the pumps as of Monday morning...
Regards,
George
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Bill Poster
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Message Posted: Dec 30, 2005 11:43:35 AM
Rack price up 2.9 cents
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lonearranga
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Message Posted: Dec 30, 2005 7:32:10 AM
Uh oh!
Check it out!
Yesterday's movements on the markets don't bode well!
December 29/05 52.42/Litre
Better get to the pumps!
George
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lonearranga
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Message Posted: Dec 29, 2005 4:17:30 PM
Latest spot prices as I have them for the past little while...
A sharp drop in gasoline inventory,modest in distillates and a low increase in crude inventories,has moved oil up to over $60.00/barrel in todays trading session...
I'm thinking that the markets are turning their eyes towards the SUMMER as demand has not dropped off on gasoline and we're some 9 million below the same levels from last year.The drop in gasoline inventories may have been attributable to the fact of Holiday travellers-that remains to be seen in the next couple of weeks...
Could be trouble ahead!
December 19/05 47.62/Litre
December 20/05 47.47
December 21/05 48.32
December 22/05 48.38/Litre
December 23/05 48.60
December 26/05 Market Holiday
December 27/05 46.86
December 28/05 49.58/Litre
Regards,
George
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lonearranga
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Message Posted: Dec 18, 2005 9:44:20 AM
We Might be getting back on track with the look at the latest spot prices...
While starting to drop back,I don't expect them to fall back rapidly.
Hold off buying until Monday and let's see what they do at the pumps in a day or two as I think they'll knock prices back a little...
December 13/05 50.36/Litre
December 14/05 50.36
December 15/05 50.25
December 16/05 48.81
Regards,
George
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lonearranga
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Message Posted: Dec 13, 2005 10:46:08 PM
Latest spots as I have them for the past couple of days,all in cents per litre...
December 08/05 48.66/Litre
December 09/05 48.41
December 12/05 50.06
Keep an eye out for the next day or so,but I'm thinking that the last spot is indicative of what to expect.
Nothing definite here as this last day may be a "blip" on the pricing radar but if tomorrow is the same we might see something at the pumps.
George
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nichols
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Message Posted: Dec 8, 2005 11:12:10 AM
sorry George
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lonearranga
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Message Posted: Dec 8, 2005 5:30:47 AM
Just to let you all know where the spots have been going since prices spiked at 99.9/litre Monday.
All in cents per litre...
December 05/05 48.20/Litre
December 06/05 47.68
December 07/05 46.78
And so,the precipitous slide begins...
I see nothing supporting oil prices for the rest of the week.Demand is down for jet fuels,heating and gasoline as well as crude showed the same,identical numbers in positive territory...A 2.7 million barrel gain for each fuel type.
Regards,
George
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lonearranga
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Message Posted: Dec 3, 2005 4:28:12 PM
DON'T POST HERE!!!
You're all screwing up the spot price postings!
If I keep seeing comments here,I'm gonna have to stop posting spots...
Latest I have...
November 30/05 45.21/litre
December 01/05 47.70
December 02/05 49.26
Thanks for not posting
George
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Brian Smith
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Message Posted: Dec 1, 2005 5:53:02 AM
Well, I have always said that you can not compare what goes on in your house (area) with what other people do in their houses (areas). Everyone scenario is different. We're wasting valuable breath specualtin and discussing the whys and hows of the oil business. Even if one of us were on the inside and privy to the goings on, we wouldn't be able to say out loud here what those are or why they happen.
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Bill Poster
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Message Posted: Dec 1, 2005 12:37:16 AM
Kevin, They just adjusted the prices in Pei now they range from 92.9 cents per litre to 94.5 cents per litre for self serve is this any cheaper than in Halifax?
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nichols
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Message Posted: Nov 30, 2005 4:58:46 PM
there are probably lots of things whose wholesale price is the same for different retailers but their selling price reflects their ability to sell and their cost of delivery. When one oil company changes their price and the rest move to match it exactly we do not have competition. In the US they have different prices for a gallon which is almost 4 times larger than a litre. The gas companies than say they cannot even charge a slightly different price per litre, .1 cent difference per litre is about .4 cents a gallon which is still not much competition. The US often has 3-8 cents per gallon between stations
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lonearranga
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Message Posted: Nov 30, 2005 9:25:05 AM
I'll try this again...
Try not to post here as it screws up the spots and people have to "go looking" waaay back the stream.
Latest I have all in cents per litre...
November 23/05 45.20/Litre
November 24/05 US Thanksgiving holiday
November 25/05 US Thanksgiving holiday
November 28/05 43.95
November 29/05 43.54
Regards,
George
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Brian Smith
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Message Posted: Nov 28, 2005 5:10:52 AM
That I would agree with except for the fact that with only one refinery, they and we are only buying an Esso product no matter where we stop for our fuel purchase. Therefore it only makes sense that the price is the same across the board.
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nichols
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Message Posted: Nov 27, 2005 8:56:35 AM
true competition is the answer,they should not be allowed to charge exactly the same price down to the same tenth of a cent
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Brian Smith
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Message Posted: Nov 26, 2005 5:17:28 AM
Kevin, I feel that government has no right to tell any business what to charge for a product. Taking away tax breaks, incentives or kick backs (whatever a person wants to call them this week) from the oil companies, might have a positive effect on the pricing of their products. Then again we are only a very small market and they COULD just put the price up here and suffer a small loss to their operations, while making a point to our government. Given the scope of their operations world wide, it would be the same as an itch in between a person's shoulder blades to them a smll irritation but nothing they can't live with <g>.
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Bill Poster
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Message Posted: Nov 26, 2005 12:14:30 AM
kevin_c5
Prices are determined in New York by traders not Halifax by politics
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kevin_c5
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Message Posted: Nov 25, 2005 8:27:15 PM
I hear you Brian. Something has to be done to bring these increases and very slow to happen decreases in line with reality. It is just WRONG when the prices of the crude is going down and the end product is going up. Gouging is gouging. I do not think requlation is the answer, I do think Government at the Federal level can exert pressure on the companies or take the tax incentives away from the refineries and companies when we the consumer are being blatently gouged. I am a proud Canadian. It saddens me when we as a country are so complacent to let these big american companies steal directly from our pockets...and Government is happy to let it happen.
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Brian Smith
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Message Posted: Nov 25, 2005 6:18:49 AM
Kevin, The way I read your post it sounded as if you were eluding to regulation as being a way to control the oil companies. I'm sorry if I misunderstood you.
As for our prices going up when the price of oil is going down, I certainly agree that there is something wrong. BUT, there is no way to control the greed quotient that is the driving force sitting at the oil companies board room tables.
It's a product that we need in our daily lives and we will pay whatever the oil companies decide to charge, whether we like it or not. Those of us that have the ability to charge our customers more for our products can and will do so to cover our operating expenses. Those that can't do that will just cut financial obligations in other parts of our lives to cover the expense of fuel.
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Bill Poster
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Message Posted: Nov 25, 2005 12:48:40 AM
Gasoline is a separate commodity from crude oil the markets react to to to inventories of both Heating oil / diesel and gasoline .Even if Crude oil goes up if there is glut of gasoline that may go down
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kevin_c5
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Message Posted: Nov 24, 2005 9:22:17 PM
Brian, I never used the word Regulation. I agree that Regulation may not be perfect, but if the Oil companies wanted to raise the price / litre by .10 or .50 on a whim or speculation is that not wrong? It is in my mind when the price / barrel is still going DOWN. Honestly not trying to be sarcastic, but when prices in Ontario are in the 77.9 range, EARTH to Brian...HELLO, there is something WRONG!
Ontariogasprices.com
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BigDaddyHFX
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Message Posted: Nov 24, 2005 12:15:02 PM
Here's a theory: Today is the US Thanksgiving Day. Its the busyist travel day of the year. Gas is a North American commodity so when demand goes up in the USA it effects our price here. We're paying for a fat cat in the US to enjoy turkey and stuffing.
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dodgeram99
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Message Posted: Nov 24, 2005 11:45:23 AM
Right on Kevin
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Brian Smith
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Message Posted: Nov 24, 2005 7:07:08 AM
Do you want higher prices no matter what is going on in the world? If so, regulation will give you that, Kevin.
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lonearranga
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Message Posted: Nov 23, 2005 5:55:37 PM
Figured I'd better post the last couple of days worth of spots so you could see what myself and Rick were talking about.
All,again,in cents per liter...
November 17/05 44.57/Litre
November 18/05 45.18
November 21/05 45.01
November 22/05 46.10
Futures prices bargained lower today as gasoline,crude and distillate fuels all experienced inventory gains...
Something I'm noticing lately tho,and I don't know if you've een noticing it as well?....Is it just me or is there always an increase in crude pricing on Tuesdays' ahead of the Wednesday release of inventory data out of the US?
Regards,
George
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kevin_c5
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Message Posted: Nov 23, 2005 5:04:52 PM
Then we are at the mercy of whatever the oil companies wish to charge us. Prices were driven up over SPECULATION of a winter storm in the North East US. Is that OK with you?
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Brian Smith
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Message Posted: Nov 23, 2005 7:01:32 AM
Government has no right to become involved in telling businesses what price they can set for their products. Regulation would cripple the consumer here.
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kevin_c5
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Message Posted: Nov 22, 2005 2:42:34 PM
EXACTLY! As long as the Provincial Government gets the windfall tax grab, WE THE CONSUMER get screwed and have no protection from price gouging. The price of a barrel is STILL going down, gas prices were falling but now spike for no reason. Diesel, which is produced in the stages prior to refining to gasoline remains higher then petrol. SIMPLY PUT...THEFT where WE have NO recourse OR protection.
I for one feel this should be an election issue, however the NDP were in a position to bring the Government down...It did NOTHING! Shame on Darrel Dexter. I will waste my vote before I will support the NDP ever again. Fact of he matter is that the Oil Companies run this country and pour elected officials are utterly SPINLESS to do anything for us, and most of the people in this country are happy with status quo and will not stand up to be counted over this issue.
[Edited by: kevin_c5 at 11/22/2005 1:48:12 PM EST]
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Bill Poster
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Message Posted: Nov 22, 2005 11:49:31 AM
kevin_c5
The government told the retailer association they are not going to regulate
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nsbikerider
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Message Posted: Nov 22, 2005 7:22:07 AM
Can you say GREED
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kevin_c5
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Message Posted: Nov 22, 2005 5:55:07 AM
Again I will say, WE the consumer have ZERO protection by the Government from gouging. Utter THEFT!
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Bill Poster
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Message Posted: Nov 22, 2005 12:24:15 AM
The rack did not go up 6 cents only the retail price
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FamVan
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Message Posted: Nov 21, 2005 6:10:12 PM
Several places in Bedford and Sackville shot up to 93.9 early this afternoon. A few stations are still selling at 87.9, sometimes across the street from the same stations who've just jacked up their prices...
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kevin_c5
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Message Posted: Nov 21, 2005 4:56:17 PM
GONE UP on Main St. today. 93.9
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nichols
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Message Posted: Nov 20, 2005 9:23:08 AM
Bit slow in Tantallon area to drop to 87.9 cents
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lonearranga
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Message Posted: Nov 20, 2005 9:06:42 AM
"Steady as she goes"...
Seems like the markets stalled out a little in the last week but not the price at the pumps.
I got here on Tuesday at 96.9 and now I'm looking at 87.9 as of Saturday.
I'm thinking that some stations are trying to "kiss and make up" after the Katrina and Rita play that worked through,maybe an "act of contrition?"...lol
Hopefully,spots will continue to drop next week as I really don't see what's there to support high crude-let alone high values on gasoline.
Let's hope the same can be said for heating oil!
November 14/05 45.93/Litre
November 15/05 44.60
November 16/05 45.35
November 17/05 44.57
November 18/05 45.18
Regards,
George
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jimaras
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Message Posted: Nov 16, 2005 3:18:32 AM
89.9
Hopefully it will stay in the 80 cent range (and go into the 70s) before making the inevitable march upward...
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nichols
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Message Posted: Nov 15, 2005 12:51:07 PM
Good to see prices down to 92.9,hopefully it will go further
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jimaras
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Message Posted: Nov 15, 2005 12:55:15 AM
George, I bet traders in NY pressed a few extra buy orders...
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lonearranga
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Message Posted: Nov 14, 2005 7:27:19 PM
Note here that for three sources I use,the November 7th sources showed a disparity where two of them showedan increase over the 4th by what I thought ,was an abhorant amount.
Turns out that the day in question,along with the elevated number,was indeed,right...
I was in shock...lol
Still am!...
Prices in cents per litre...
November 04/05 48.19/Litre
November 07/05 56.28
November 08/05 47.45
November 09/05 47.24
November 10/05 44.62
November 11/05 45.34
I still have no idea why gasoline traded THAt high on the day inquestion but I've got emails of inquiry gone out and no answer on it yet.
I never saw it passed on at the pump level so,I guess it really doesn't matter now.
Regards,
George
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lonearranga
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Message Posted: Nov 7, 2005 3:21:57 AM
Latest spots as I have them from Hallowe'en until November 04/05,all in cents per litre...
November 01/05 47.38/Litre
November 02/05 46.63
November 03/05 48.53
November 04/05 48.19
Things are going to get a little erratic on the markets as oil will be motivated by the demands put on it by fuels in the 'distilate group",namely heating,diesel,jet fuels and stove oils.
Demand is still up for some of these fuels but the real driving force will be heating oils for obvious reasons...
It's winter...
Gasoline prices MAY be somewhat effected by any rise in oil prices but not as much as heating oils will be.The real "driving force" behind any future pricing of gasoline will still be "demand" and prices may not come down much further-if at all-unless we practise further conservation methods.
Regards to everyone,
George
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lonearranga
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Message Posted: Nov 1, 2005 5:31:42 AM
Latest spots I have indicate a coming drop in pricing at the pumps.
All in cents per litre...
October 27/05 47.22/Litre
October 28/05 48.56
October 31/05 45.04
because gas is in the non-demand season and the US northeast is experiencing some warmer than usual fall weather,futures prices for heating oils and crudes dropped over the past couple of days and that forced down gasoline pricing along with it.
OPEC also responded yesterday re-assuring the "west" that OPEC has an extra 2 million barrel per day capacity that can meet any added winter demand that may arise.
Overall,a good oilnews day yesterday.
Regards,
George
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lonearranga
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Message Posted: Oct 27, 2005 7:43:09 AM
From the looks of things,the markets shrugged off the latest report from the EIA and looks,indeed,like the markets are turning their focus towards heating oils.That's what drove up oil day before yesterday.
The really nice crude build has me thinking -GLUT- again and I cann see some drop in crude in the future if stocks of it keep building too...
Here's hoping that all this kiks back on the OPEC'ers and "Big Oil"...
October 26/05 47.61/Litre
Could it be another slight dip at the pumps on the way?...
Hold back until later today.
George
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lonearranga
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Message Posted: Oct 26, 2005 8:57:51 AM
Here's what I have since the last time I posted in this section.Take a note of the spots,how they've dropped in party with the "actual" at the pumps.
All in cents per litre...
October 14/05 53.61/Litre
October 17/05 54.95
October 18/05 52.43
October 19/05 50.29
October 20/05 48.17
October 21/05 49.05
October 24/05 49.23
October 25/05 49.49/Litre
Watch oil in the coming week as inventory figures deal with any shortfall or lack of build in distillate inventory.Any rise in oil will raise the cost of gasoline as witnessed in the last couple of days up to now-not a lot but enough to make it noticeable.
Regards,
George
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lonearranga
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Message Posted: Oct 14, 2005 12:20:22 PM
Still ranging downwards...
Looks like this one may have already hit at the pumps but prices are still headed down towards the $1.00/Litre mark-a long ways to go.
In cents per litre of course...
October 13/05 53.64/Litre
Regards,
George
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lonearranga
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Message Posted: Oct 13, 2005 8:04:57 AM
Latest spots as I have them...
All in cents per litre...
Even though oil moved up over the past couple of days,there is a sign that gas prices are no longer the focus of the markets.It is,after all,the non-demand season for gasoline...
Prices steady for now...
October 10/05 55.12/Litre
October 11/05 55.69
October 12/05 55.36
Regards,
George
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lonearranga
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Halifax
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Message Posted: Oct 8, 2005 7:43:17 AM
Because the drops are significant,here's the latest I got for the last couple of days...
In cents per litre of course...
October 06/05 57.33/Litre
October 07/05 56.46/Litre
Might want to hold again until prices hit below $1.10 a litre.
George
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lonearranga
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Halifax
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Message Posted: Oct 6, 2005 11:23:57 AM
Latest spots as I have them.
All in cents per litre.
Hello?...Big Oil?....Feel free to drop prices when you get a minute!!
September 27/05 67.04/Litre
September 28/05 72.76/Litre
September 29/05 69.28
September 30/05 65.12
October 03/05 64.83
October 04/05 63.58
October 05/05 60.38/Litre
Starve them if you got to people....I would be staying away from the pumps until something "concrete" happens.
Remember..Gas stations for gas only.
Regards,
George
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lonearranga
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Message Posted: Sep 29, 2005 12:36:40 PM
Wondering how come such a large smack?...
Would have been 3 cents up to yetserday when the spot hit 72.76/Litre...
September 27th that is...
Regards,
George
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