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Tuesday, January 21, 2014

Numbers for Thursday, January 23, 2014

Hi to all,

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

Heating and stove oils to increase by 3.14 cents a litre.
Diesel adds 4.4 cents a litre, and…
Gasoline shows a modest drop of just 2/10ths of a cent a litre.

Market highlights
·         A draw-down on US distillate inventories last week, combined with colder weather in the US drove distillate prices up an average of 6 cents a US gallon for heating and stove oils, but also ran up diesel prices an average of 12 cents at the latter end of the pricing session.
·         Another drop in the Canadian dollar over the last week as measured, this time cost the currency another penny against the US greenback.
·         Gasoline inventories showed a more definitive increase of over six million barrels for the week amid tepid demand.

That’s it for this week!

Regards for now,

George Murphy
Twitter: @GeorgeMurphyMHA

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