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Tuesday, April 08, 2014

Price changes for Thursday, April 10, 2014

Hi to all,

Here's what I have for this Thursday's price changes.
Keep in mind that the winter blending of heating and diesel fuels is now over and that my numbers, while maybe off this week, should be accurate for next week.

Here's what I have:

Heating and stove oils to drop by 1.77 cents a litre.
Diesel to drop by 2.2 cents a litre, and...
Gasoline to increase this week by 1.8 cents a litre.

Markets are anticipating another drop in gasoline inventories as recorded by the US Energy Information Administration. That inventory report will be released Wednesday, around 1:30PM Newfoundland time. We'll see what the report says.

The Canadian dollar showed an increase against the US greenback at the end of this pricing session with the increase in crude oil prices, that averaged a rough $2 US a barrel. Further disruptions in crude oil to the markets is cited for that increase.

That's it for this week! Feel free to share it around.


Twitter @GeorgeMurphyMHA

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