Update #1

Price increases coming

I'll be posting more on this tomorrow night when all the data is in, but for now, it ooks like price increases are coming.

Here's what I have so far, thirteen days out of fourteen available days data:

• Heating/stove oils up by 1.48 a litre.
• Diesel up by 1.6 a litre, and...
• Gasoline shows up by close on a penny.

A few notes for this period:

• Canadian dollar has gained by six cents against its US counterpart.
• Refiner capacity has increased to 85 per cent from last week's 83.7 per cent.
• Consumer demand for distillates measured down by 9 per cent from last year.
• Jet fuel demand down by slightly better than nine also.
• Demand for gasoline is 4/10ths of a per cent below last years levels.
• Crude stocks are almost 50 millionbarrels more than last year for the same timeframe.

More tomorrow like I say...

Regards,

George