Price changes for Saturday, December 28th, 2013

Hi to all,

This is going to be a bit hard to explain, but let me try...

There are going to be price increases across the board this week by all appearances. Here's what I have for the week previous, if I go by price changes that would have come into effect normally for TODAY...

Heating and stove oils are up by 2.68 cents a litre...
Diesel shows an upward movement by 2.2 cents a litre, and...
Gasoline shows an added 4.4 cents a litre, again, if prices were adjusted for today...

However...

The PUB announced last week that, because of the mid-week fall of Christmas holidays, prices would not get adjusted until this Saturday. If that's the case, I use the last market closing day of the 24^th to "fill the gap" of when the markets were closed up to Thursday evening, in other words, the 25^th and 26^th (so far).

If I'm right, then increases will be substantially more for heating and stove oils, as well as gasoline, but down a slight bit from the previous measurement. Here's what I have for data up to the 26th of December...

Now heating and stove oils show an added 2.76 cents a litre up.
Diesel shows upwards by 1.8 cents a litre, and..
Gasoline shows an added 4.7 cents a litre.

I have no idea what dates the PUB will be basing data on at this point. If they use the Friday data, and then publish increases for a Saturday notification, then the latter numbers will change again, probably upwards slightly more.

However, it may also be the case where they all simply took holidays and didn't have proper notification times, hence may be just using data up to the market close on the 24th.

Either way, be warned for increases to all prices this week, in this case, hitting Friday at midnight for Saturday implementation....

This oughtta be as clear as mud for some!

Regards to all,

Hope everyone is having  a great holiday break!

George Murphy

Twitter: @GeorgeMurphyMHA

Break in prices on the way: Thursday, December 19, 2013

Hi to all,

Here’s what I have for this week’s price changes.

Looks like consumers will be catching a break as the Canadian dollar made some gains against the US greenback over the last week’s measurement.

Also, even though there was a substantial draw down in US oil inventories last week, it appears that there was also considerable building of both distillate and gasoline inventories that offset those inventory losses. Oil refineries coming back online after fall maintenance has also led to near record production, adding fuels to the market.

Here’s what I have for this week’s numbers:

·         Heating and stove oils to drop by 2.13 cents a litre.

·         Diesel to drop by 2.3 cents a litre, and…

·         Gasoline to drop by 2.8 cents a litre.

Have a good Christmas!

Regards,

George Murphy

Twitter: @GeorgeMurphyMHA

Price changes for Thursday, December 12, 2013

Hi to all,

Here’s what I have for this week’s price changes:

Heating and stove oils are up slightly by 3/10ths of a cent a litre.

Diesel will increase by 3/10ths of a cent also, and…

Gasoline shows an increase of 9/10ths of a cent on a litre.

Short and sweet this week as it’s been a sleepy week in the markets!

Regards,

George Murphy

Twitter: @GeorgeMurphyMHA