lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
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
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
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
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Sep 28, 2005 9:19:34 AM
September 26/05 64.30/Litre
September 27/05 67.04?litre
Like i told Rick Howe earlier this week,it was going to have to be either a "steady" in prices or a minimal increase that would work it's way through the pipes.
Looks like a modest one on the way as the damage from Rita becomes realized.
I got it at about three cents...
Regards,
George
|
Bill Poster
Champion Author
Halifax
Posts:5,827
Points:961,105
Joined:Jan 2004
|
Message Posted: Sep 27, 2005 12:17:28 AM
Yea then George Bush opened his mouth and oil is up agian
|
nsbikerider
Champion Author
Halifax
Posts:3,591
Points:640,865
Joined:Sep 2005
|
Message Posted: Sep 26, 2005 1:11:48 PM
Thanks
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Sep 26, 2005 9:46:40 AM
Out of 2200 traders with the NYMEX that are registered to trade in crude oil,the Sunday session saw some 340 of them trade in the special session.
Oil dropped back in electronic trading and is still showing down this morning.
Rita didn't turn out to be the storm it was said to be and it looks like oil infrastructure dodged a big bullet.
While the pressure is still on for heating oil pricing,we're in the non-demand season for gasoline so,it looks like we're not going to be substantially bitten at the pumps and,could,in fact,see further relief coming as a result.
While refineries down Texas way may be shut for a day or two,it's imperative to remember the "pre-storm" facts from Katrina:that there was refined product on the way from the European Union to account for lost production,that OPEC has since lifted it's production quotas and that refineries in the Katrina area weren't down as long as was first thought.
Here's what happened Friday...
September 23/05 62.18/Litre
Regards,
George
|
Brian Smith
Champion Author
Halifax
Posts:12,618
Points:2,385,580
Joined:Jan 2004
|
Message Posted: Sep 25, 2005 7:42:00 AM
That will be hard for them to do, Bill. We're still using ADT at the moment <vbg>.
Brian
|
Bill Poster
Champion Author
Halifax
Posts:5,827
Points:961,105
Joined:Jan 2004
|
Message Posted: Sep 25, 2005 12:34:27 AM
The New york commodities markets is suppost to open at 11am AST on Sunday Sept.25 Check the following links for any suprises NYMEX
Bloomberg
ESSO RACK PRICE
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Sep 22, 2005 2:41:55 PM
The latest spots don't support the rumour of $2.00 gas...What it does substantiate is that there a lot of plugs who need an education!
Here's what I got-you be the judge...
All in cents per litre...
September 19/05 61.93/litre
September 20/05 59.64
September 21/05 62.26
As I told Rick Howe today,they're rumours and nothing more.I do have aslight upwards movement but the markets are looking like they're in limbo and waiting for Monday's news on the damage.
regards,
George
|
Big Dog 73
Champion Author
Halifax
Posts:1,119
Points:607,650
Joined:May 2004
|
Message Posted: Sep 21, 2005 10:27:55 AM
thanks
|
nsbikerider
Champion Author
Halifax
Posts:3,591
Points:640,865
Joined:Sep 2005
|
Message Posted: Sep 21, 2005 7:16:14 AM
Thanks George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Sep 20, 2005 10:31:27 AM
Latest spots from yours truly...
Since the drop back to fridays close,here's what I have...All in cents per litre.
September 16/05 56.88/litre
September 19/05 61.93/Litre
The 61.93 is from the markets yesterday where,the imminent arrival of another hurricane entering the Gulf played into the markets.Looks like,according to it's track,that it's headed for another area with major refining centered-the Houston,TX area.Let's hope it dies out before it palys into the markets for the rest of the week.
That's a 5.8 cent a litre difference taxes in,that could be passed on at the pump level.
Regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Sep 16, 2005 3:06:41 PM
Nichols...
Most companies use "Platt's Oilgram" which historically I'm told,is inherantly slow.
Dunno why,but the last thing I would be going by is "the industry standard".
Latest spots I have,all in cents per litre..
September 13/05 61.01/Litre
September 14/05 62.61
September 15/05 61.20
George
|
nichols
Champion Author
Halifax
Posts:5,810
Points:1,384,995
Joined:Aug 2003
|
Message Posted: Sep 14, 2005 8:55:21 AM
slower to decline at retail than to increase as usual
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Sep 14, 2005 8:35:04 AM
I've got 36 cents down on the MYMEX...
George
|
Bill Poster
Champion Author
Halifax
Posts:5,827
Points:961,105
Joined:Jan 2004
|
Message Posted: Sep 14, 2005 1:26:10 AM
George do you look at the rack prices in the last week ? The rack price went dowm at least 30 cents .
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Sep 13, 2005 8:33:06 AM
Latest spot prices as I have them..All in cents per litre and all trending downwards.
September 07/05 69.02/Litre
September 08/05 67.49
September 09/05 63.68
September 12/05 62.12
Regards,
George
|
jimaras
Champion Author
Halifax
Posts:10,619
Points:2,021,695
Joined:Aug 2004
|
Message Posted: Sep 9, 2005 12:52:03 AM
In theory, prices at the pump should come down to either 113.9 or 123.9 if it's down 25 cents from the height. At 129.9, we've got at least 6 cents to go. Of course, the face of GREED may dictate we don't see that anytime soon!
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Sep 8, 2005 5:12:05 AM
Latest spots as I have them.All prices in cents per litre compliments of the MYMEX.
September 05/05 Holiday
September 06/05 72.75/Litre
Regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Sep 3, 2005 8:18:44 AM
Read carefully...
Good news here that should translate into a drop at the pumps...
The news of the 'early" recovery of refinery op's in the US as well as supply coming from outside sources played heavily in the markets and I'm rccomending a 'hold on buying' until the decrease comes to the pumps.
September 02/05 78.75/Litre
Regards,
George
|
weirdgoalie
Rookie Author
Halifax
Posts:40
Points:15,750
Joined:Aug 2005
|
Message Posted: Sep 3, 2005 12:19:13 AM
142.9
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Sep 2, 2005 6:50:11 AM
No punch line for this one as this one is no joke either...
I'll try to post these on a daily basis as it's kind of contentious the way things are going.
here'a another 'all-time" record spot for you.
September 01/05 98.11/Litre
That is 98.11 and not an error.
Here we go again...
regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Sep 1, 2005 4:28:16 AM
This one is no joke either!
August 31/05 88.09/Litre
Don't have to tell you what this means do I?....regards,
george
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Aug 31, 2005 5:35:44 AM
This posting is no joke...Numbers in American convert to $2.59.20/gallon US...Absolutely unbelievable!
August 30/05 81.65/Litre
Fill up quick!
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Aug 30, 2005 9:40:24 AM
Latest spot pricing as I have them.
Note the last day posted is as a direct result of Hurricane Katrina.Looks like a substantial increase is in the works as Katrina shut down the oil business in the Gulf.
If oil drops today and the spot along with it,we jusy might not see what I think is going to happen but,for now,looks like a major hike.
All in cents per litre...
August 22/05 57.13/Litre
August 23/05 57.83
August 24/05 58.11
August 25/05 60.13
August 26/05 58.58
August 29/05 65.13/Litre
Regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Aug 20, 2005 4:00:54 AM
Latest spots as I have them...
Cents per litre of course...lol
August 15/05 61.10/Litre
August 16/05 61.96* All time record.
August 17/05 58.91
August 18/05 58.79
August 19/05 57.13
Now we might see a little relief?
Regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Aug 15, 2005 1:33:02 AM
forget the records..It's up again...
August 12/05 61.74/Litre
regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Aug 12, 2005 5:10:33 AM
Correction on that "Highest recorded" comment...Today was...
August 11/05 60.64/Litre
Here we go again?...
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Aug 11, 2005 4:07:39 AM
Better be warned!..All in cents per litre here...
August 08/05 57.33/Litre
August 09/05 56.27
August 10/05 59.15/Litre*Highest recorded!
Regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Aug 8, 2005 1:20:11 PM
Here's the latest...
All prices in cents per litre.
Don't know if these numbers are going to be the bearers of bad news or not but...
August 01/05 53.78/Litre
August 02/05 54.31
August 03/05 54.10
August 04/05 55.27
August 05/05 56.66/Litre
The death of King Faud of Saudi Arabia last week played into the markets as his 80 year old sucessor might not be in place for very long and we simply don't know who is coming up the ranks behind him.
The once cozy relationship with Uncle Sam may prove to be more "businesslike" in the future and,with all the moneys being paid to support so many of Fauds family in the past,the past price of crude may not be enough to support all his 30,000 to 60,000 family that have been living off the "royalties" from the sale of crude.
Current prices for crude may be necessarily being supported by the family just to keep everyone happy-believe that?
Other than that,heavy draws on gasoline inventory and refinery problems weighed heavily in the markets late in the week and bring the promise of NO RELIEF to the consumer at the pumps in spite of the lateness of the summer driving season.
Think that gasoline might be the problem?...
Start thinking about what prices fr heating oil will be this winter as the August 05/05 spot was 54.50/Litre against last years 40.98/Litre.
I don't think that gasoline is a worry so much as keeping our "poor" warm this winter.
Regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Jul 30, 2005 7:39:05 AM
Latest spots as I have them...All in cents per litre.
July 15/05 49.17/Litre
July 18/05 48.13/Lt
July 19/05 49.42
July 20/05 50.19
July 21/05 50.82
July 22/05 51.90
July 25/05 50.73
July 26/05 50.39
July 27/05 51.75
July 28/05 51.94
July 29/05 53.47
Don't know if you know what the last three days are indicative of but my translation?
Prices up by Monday......
Regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Jul 15, 2005 5:35:12 AM
K...
Here goes..
Latest spots since I last posted.
Word here is "DON'T BUY!"....
Harass the media...i don't care what you do but,make a noise!....
July 07/05 55.08/Litre
July 08/05 52.76/Litre
July 11/05 51.03/Lt
July 12/05 52.15/Lt
July 13/05 50.80/Lt
July 14/05 48.95/Lt
Here's what's on the go...
take the 48.95 from 55.08 and we have 6.13/Litre plus applicable provincial and federal taxes,or..somewhere around 7 cents a litre less that gas SHOULD BE going for.
regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Jul 8, 2005 5:11:41 AM
I think everyone got taken this week...Go figure!...
Here's the latest spots I have-considering that prices SHOULD HAVE come down this week BEFORE they went up again,I'm thinking that someone from Big Oil needs to "clarify" things a little...
Note here on my last posting that spots dropped back to a 47.70 cent level from a 51.55 level the previous week.Today's increase should be based on an increase from 51.55 to July 6th spot of 55.07/Litre which would be right but how come it never dropped back on the interim?
All in cents per litre...
July 01/05 50.72/Litre
July 04/05 US Independance Day Holiday-No trading
July 05/05 52.08/lt
July 06/05 55.07/Lt
Prices might be justifiable now but not the other day!
Regards,
George
|
nichols
Champion Author
Halifax
Posts:5,810
Points:1,384,995
Joined:Aug 2003
|
Message Posted: Jul 2, 2005 12:27:14 PM
Hope you are right about Monday
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Jul 1, 2005 2:22:00 PM
Latest spots as I have them...
Please note the drop in prices that should hit by Monday morning...
June 24/05 51.45/Litre
June 27/05 51.55/Litre* Record high
June 28/05 49.64
June 29/05 48.47
June 30/05 47.70
Look for someone to "lead" downwards as early as Monday morning according to the drop.
Regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Jun 24, 2005 4:56:54 AM
Latest spots as I have them...
All in cents per litre...
June 20/05 51.36/litre
June 21/05 50.72/lt
June 22/05 50.23
June 23/05 51.36
Yes,the 20th and 23rd were the same...
As I chatted about on Rick Howe's talk show this week,it appears that there is a lot of consternation in the markets when it comes to $60.00 a barrel oil.
All the markets were down on profit taking (oil included) and profit warnings as oil hit that "barrier".
An upcoming problem to look out for now that we all might hear about shortly...
Look for the oil companies or the EIA to comment on distillate pricing as the reason why a lot of refiners haven't been producing gasoline to meet overall inventory requirements as the distillate group of fuels like diesel,heating/stove,and jet are getting the higher price now rather than gasoline.
Evidence of the price difference?...The heating spot for June 23rd I have recorded as 54.13/Litre.
Just some thoughts for ya!
Regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Jun 19, 2005 11:30:16 PM
Spot pricing for the last week as I have them,all in cents per litre...
June 13/05 49.53/Litre
June 14/05 48.70
June 15/05 48.94
June 16/05 50.00
June 17/05 51.31
From the looks of what's been going on I would expect an increase in pricing of somewhere around 2 cents plus taxes.
Dunno for sure but that COULD come as early as Monday...again.
Regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Jun 13, 2005 10:12:33 AM
Here are the spots for the last week...
All prices in cents per litre as usual...
June 06/05 48.20/Litre
June 07/05 47.60
June 08/05 47.53
June 09/05 49.87
June 10/05 48.79/Litre
Kind of steady,but it looks a little "unsteady" if you ask me,with the numbers all over the place.
OPEC meets this week but the more important question should be not weather to increase output but how do we REFINE IT in the face of increased demand on the consumers part?
More importantly,what are we doing to CONSERVE and have the big impact on demand?
Don't look for OPEC to really increase it's production-look for them to increase their production quota to match the actual they are doing now.
Heating oil users get ready for the shock this winter as I have spots here NOW almost 16 cents a litre over and above the same time last year.
Regards,
George Murphy
Group researcher/Member
Consumer Group for Fair Gas Prices
gasprices@hotmail.com
|
Brian Smith
Champion Author
Halifax
Posts:12,618
Points:2,385,580
Joined:Jan 2004
|
Message Posted: Jun 12, 2005 7:46:14 AM
The only people that can do anything about it, are the ones that set the price.
Brian
|
Bill Poster
Champion Author
Halifax
Posts:5,827
Points:961,105
Joined:Jan 2004
|
Message Posted: Jun 11, 2005 2:25:32 PM
Nothing the government can do to stop it
|
nichols
Champion Author
Halifax
Posts:5,810
Points:1,384,995
Joined:Aug 2003
|
Message Posted: Jun 11, 2005 1:11:59 PM
Does not look good for driving this summer at these prices. amazing how we get used to them though.
|
jimaras
Champion Author
Halifax
Posts:10,619
Points:2,021,695
Joined:Aug 2004
|
Message Posted: Jun 10, 2005 11:54:43 PM
Spot is 20% higher from this time last year
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Jun 6, 2005 8:46:18 PM
Latest as I have them...Cents per litre as usual.
June 02/05 47.85/Litre
June 03/05 49.19/Litre
I don't know if they've already adjusted prices to account for a 49 cent spot but be warned,it's not likely to drop back overnight either...
Note the difference between this year and last year this time?
George
|
nichols
Champion Author
Halifax
Posts:5,810
Points:1,384,995
Joined:Aug 2003
|
Message Posted: Jun 3, 2005 11:57:11 AM
I got caught on this hike, should have gased up yesterday
|
Bill Poster
Champion Author
Halifax
Posts:5,827
Points:961,105
Joined:Jan 2004
|
Message Posted: Jun 3, 2005 1:20:53 AM
Up to 96.9 now
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: Jun 2, 2005 10:30:40 AM
After yesterday's spike in oil,I figured I'd better post the resulting spot...Not good news.
Better take a look as to what's been happenning-I think the warning is there...
May 27/05 46.76/Litre
May 30 US Memorial Day Holiday
May 31/05 46.58/litre
June 01/05 48.94/Litre
Quite a jump!
Regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: May 29, 2005 4:05:30 AM
Thought I'd better post these latest as it looks like the honeymoon might be over for a bit.
Talks about Venezuela looking for a production cut and King Faud of Saudi Arabia being hospitalized played into the markets this week and the simple fact of the Gomery Inquiry causing instability in the Canadian governing scene (Canadian dollar lower against the US greenback) have all played their roles...
Spots are up!...
All in cents per litre...
May 25/05 46.10/Litre
May 26/05 46.20/Lt
May 27/05 46.76/lt
Look for around 2 cents a litre extra possibly by Monday,May 30/05...
See what happens...
regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: May 26, 2005 12:13:14 AM
Pretty steady the last week...
Here are the latest spots as I have them...
All prices in cents per litre...
May 17/05 45.47/Lt
May 18/05 44.73/Lt
May 19/05 45.56/lt
May 20/05 44.93/Lt
May 23/05 44.09/Lt
May 24/05 44.87/Lt
Inventpries remain "untested" but the closer we get to the "summer driving season" the less likely we'll see that monstrous peak in prices that's been expected.
A draw on US crude inventories for the week past however,has got to have a few thinking about that probability,as another draw ahead of the demand season may very well "motor" up prices.
Keep your fingers crossed!...
Regards,
George
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: May 17, 2005 11:18:56 PM
As I have them...
May 10/05 46.74/Litre
May 11/05 46.12/Litre
May 12/05 44.47/Litre
May 13/05 44.31/Litre
May 16/05 44.52/Litre
Continued builds in overall gasoline supply have played in to "devalue" oil-especially gasoline itself_that it's looking more likely that price spike predictions will have to be reviewed.
Looks still likely that,while being itself outside the demand season,inventories will be tested but that should be offset by the simple fact of less ol demand.
Continuing hints from the markets of overall "stagnation" in the worlds economies,in spite of the International Energy Agencys projection of increased demand may well mean that prices are to remain volitile,yet in a downwards mode.
While the price has dropped,there is still room for problems of supply as builds in inventories have not been extremely large-just enough to keep ahead of demand and gasoline has yet to "face the test".
Let's hope that the prices continue downwards!
regards,
George Murphy
Consumer Group for Fair Gas Prices
gasprices@hotmail.com
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: May 10, 2005 11:17:01 AM
Latest spots as I have them.
All prices in cents per litre...
May 02/05 46.83/Litre
May 03/05 45.23
May 04/05 45.06
May 05/05 45.28
May 06/05 47.78
May 09/05 45.69/Litre
regards,
George
|
Bill Poster
Champion Author
Halifax
Posts:5,827
Points:961,105
Joined:Jan 2004
|
Message Posted: May 3, 2005 1:53:41 AM
Hope your right
|
lonearranga
All-Star Author
Halifax
Posts:504
Points:16,565
Joined:Dec 2003
|
Message Posted: May 2, 2005 1:52:17 AM
Spots for the last two days...
Note that they're down further on less worry over inventories of crude...
Note of caution here tho as we've got a month ahead of the peak summer driving season and anything could happen with imports of crude in the interim,including OPEC changing their minds on export levels.
Big changes too,in the Canuck Buck against the US dollar where,over the past month,we've lost 1.5 cents against the rival currency and that's cost the consumer almost 8/10ths a litre.
All prices in cents per litre...
April 28/05 47.73/litre
April 29/05 46.15/Litre
Looks like another slight drop in the works here...
Regards,
George
|