in your City
With fuel prices going up up,should Ottawa drop the GST on the rising price of heating fuels like oil, natural gas and propane ?
YOUR FIRST AND ONLY CREDIBLE SOURCE FOR GAS PRICE PREDICTIONS IN CANADA
Gas prices to RISE overnight for Thursday April 24.
The 16 cent a litre rise on average across Canada from this time last year can be traced to 3 factors
1) Money managers, hedge funds (ie- financial speculators) are ignoring supply and demand fundamentals over crude inventories which now stand at 83 year highs (May 1931) and focusing only on the recent draw of inventories at Cushing, Oklahoma’s, WTI’s price hub. This draw – the result of the completion of the southern tier of the Keystone project, now sends crude to the refineries on the US Gulf Coast, where, at the end of the pipe from Cushing, a record inventory (the highest since 1990) now exists. This ignorance and massive erroneous speculative betting is causing refiners to rethink buying hyper inflated priced crude
New US Study on Ethanol casts more light on its dubious benefits (apart from driving up food and fuel prices)
ALL NEW TGPT IPHONE APP …
Our *NEW* iPhone app has just been released. Android and Blackberry apps to follow over the next few weeks … We think you’ll like it! Check the App Store on your iPhone or iPad to get it for free or access app Updates in the app store if you downloaded the previous version. Or see more info here.
NEW – FUEL WATCH
With so much going on in our lives, trying to figure out how to budget isn’t helped by the erratic peaks and valleys of gas prices. So we thought we’d give you, the factors that contribute to triggering price changes a few day before they happen. Feel free to use our forum page to add your own thoughts on what affects the cost of energy, which now takes up about 25% of your disposable income.
FOR THE WEEK OF April 14 – April 17 THE FOLLOWING WILL DETERMINE GAS PRICES LATER IN THE WEEK:
1 – Major Brand oil co’s increase retail margins to 8 cents/litre in Toronto (6.5 cpl 10 months ago)
2 – US Weekly Petroleum Inventory Report – This Wednesday 10:30 am
3 – Strength or weakness of Canada’s Loonie vs. the US Greenback
4 – Energy speculators turning bullish on gasoline as refiners throttle back on production
5 – Tensions over Russians agitators in East Ukraine put risk back on the table
6 – Ethanol shortage caused by winter rail congestion puts the blend at highest price since 2005
7- Chinese market data Wednesday April 16
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