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Tuesday, September 11, 2012

Gasoline up on demand

Hi to all,

Short version for tonight, as I have been out of town on business for the past few days.

There's been a slight retreat in distillate prices in spite of an increase in crude oil prices the past week.

That's not he same for gasoline.

Here's what I have for this Thursday's price change, keeping in mind that i have some weaker data for heating and stove oils:

  • Heating and stove oils are down by 1.78/Litre.

  • Diesel is down by 2.1/Litre, and...

  • Gasoline is up by 3.4 cents a litre.

After last week's shutdown of oil production in the Gulf of Mexico last week, there has been a slow return back to production. latest numbers say that we're still looking at a 1.2 million barrel slowdown in production previous to Isaac.

Sorry for the bad news on the gas front. That's it for this week.



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