don brown said "Well, when prices are going up we are told that it’s the result of maybe not a shortage but speculation on the markets, futures markets to be specific.
Let’s just maybe look at that. On April 25th July gasoline futures were at $2.0463, on June 4th the July gasoline futures are at $1.7242, decline of around 32 cents per gallon. Now there will be those who say “ya, but what about the Canadian dollar”, so let’s look at the June Canadian dollar, April 25th April 25th .7424, June 4th .7467, which is a small appreciation in our currency. As for the refinery cash price, on the 25th of April the price would have been priced off the June contract at $2.13 per gallon, on June 4th the refinery cash price was $1.72, a decline of 40 cents American per American gallon.
Now what does all this nonsense mean, lower futures, lower refinery price and a slightly higher dollar, and yet we are paying the higher cost in this area, sort of makes one wonder. "
How are you doing Don?