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