Possible interruption to heating,diesel and stove oil pricing

From the look of things and the markets this last week or so, it looks like Newfoundland and Labrador consumers will probably be looking at possible interruptions to all distillate-type fuels.

As of the last six business days since the last adjustment, I have numbers that show that stove oils will take a 4.32 cent per litre hike. Like I said, that's over six days.

The Public Utilities Board needs a seven day fix to determine pricing adjustments.

As of today, we'd still have to see a substantial drop in distillate trading on the markets. Breaking news from the Middle East shows that Britain is looking at getting a negotiated settlement with Iran and that's starting to show on the distillate markets. Question here is: Is the trading day drop going to be enough to thwart any need for upwards adjustment?

In order for a "no adjustment scenario" on stove oils, we'd have to see the price come down by something in the order of 1.4 cents on a litre. As of 2:45pm Newfoundland time, that number was 1.2 cents a litre-perilously close to my margin for error!

Diesel, heating oils and stove oils are all part of the distillate group of fuels so, just because I only have the numbers for stove oils, it doesn't mean that we won't see adjustments to the other fuels like diesel and heating oils.

I'd be more inclined to fill the tank rather than let this one slide. Numbers are up enough that, if we don't see them increase tonight, they will possibly go up next Thursday anyways.

Regards!