Gas and oil issues as they pertain to the Newfoundland & Labrador,and Canadian consumer.
Follow by Email
Tuesday, October 23, 2012
Final numbers for Thursday
numbers for Thursdays' price change.
keep in mind that heating, stove
oils and diesel all have kerosene in their winter blends now, so those
numbers can only be used as a rough guide on which way those prices will
Heating and stove oils show down by 1.67 cents a litre, while Diesel is down by 2.2 cents a litre.
Now the kicker!
Gasoline numbers are down considerably on strong
indications of a slow economic recovery and good inventory builds last
week: Regular gasoline shows a drop of 7.3 cents a litre on the way,
while the reformulated gasoline number shows down by 8.3 cents a litre.
I have no doubt on volatility in the downwards direction! But a good
indicator of where gasoline is going comes out of Nova Scotia this
evening. They have invoked the use of their interrupter formula. Theirs
works when prices show a drop anywhere between 6 and 8 cents a litre, a
good indication of where our prices will be going Thursday morning!
You should notice a far cry in the St. John's area from the current maximum allowable of $1.36.7 a litre!