Price changes for Thursday, April 17th, 2014

Here's what I have for Thursday's price changes.

Not good.

Heating and stove oils show an added 63/100ths of a cent.
Diesel fuel shows an added 1.1 cents a litre, and...
Gasoline shows an added 5 cents a litre at the pumps.

A draw on gasoline inventories may have been a huge factor in this week's increase, all in spite of a good build of inventory of crude oil.

I guess with snow on the melt, the gulls in the markets are taking advantage of warming weather ahead of the summer driving season. We'll keep an eye for anything happening in the markets that may drive prices up again and give everyone a better heads-up for next week.

The Canadian dollar remained about equal to its US counterpart in spite of the $3 US increase in crude prices.

That's it this week!

Regards,

George Murphy, MHA
St. John’s East
Twitter @GeorgeMurphyMHA