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Thursday, May 23, 2024

Fuel costs – winners and losers

October 17, 2022 9:53 am • Last Updated: October 17, 2022 9:53 am

Gasoline prices nationwide are up 20%, diesel prices nationwide are up 39%, and Connecticut home heating oil prices are up 43% in the past year. Interestingly though, the stocks of the big oil companies are also up: Chevron up 36.4%, ConocoPhillips up 64.2%, Exxon Mobil up 65.1%, and Occidental Petroleum up 140.8%. It is not tough to figure out who are the winners and who are the losers when it comes to fuel costs.

Ken Levy

Mystic

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