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.
· 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,