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Thursday, January 02, 2014

Price changes for Friday, January 3, 2014

Hi to all,

On the off-chance that I would end up with a late publishing of numbers from my source, I didn’t send out a release late last night for the Friday price change. I did subsequently get that last day of data this morning, so, here’s what I have for tomorrow’s price changes:

Keep in mind that my numbers here don’t include the allowances for the winter heating blend. They should be on track for that blending next week I hope.

·         Heating and stove oils add 1.22 cents a litre.
·         Diesel also adds an even 1.2 cents a litre, and…
·         Gasoline adds 1.6 cents a litre.

What a way to start off the New Year…

Demand for these fuels remains up with colder weather and Christmas travel. While we can’t expect anything downwards in the heating front over the next while, there may be some slight relief for gasoline as futures markets show gasoline trading somewhat lower. That, of course, is still sometime out as futures markets normally show activity a rough thrity days out.

As well a cautionary note here for heating oil consumers…

Be careful around your oil tanks and lines and make sure you keep them clear from the weight of snow! While I haven’t heard of any spill incidents this year so far, there have been in the past! It’s best that you keep your oil tanks free of any snow and ice that may snap lines and cause major damage to your property, as well as to others! Watch for any falling ice as well from the eaves of buildings and houses that can drop and cause major damage!

That’s it for this week!

Happy New Year to everyone!

George Murphy
Twitter: @GeorgeMurphyMHA

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