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Thursday, December 26, 2013

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 24th to "fill the gap" of when the markets were closed up to Thursday evening, in other words, the 25th and 26th (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

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