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Tuesday, August 19, 2014

Price changes for Thursday, August 21, 2014

Greetings from St. George's-Stephenville East where I'm out here working!

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

Heating and stove oils show down by 1.38 cents a litre....
Diesel is also forecast to drop by 1.5 cents a litre, and...
Gasoline is forecast to drop by 1.4 cents a litre.

Oil started to take another tumble with the news that the Kurds have again taken the Mosul Dam area off the ISIS forces in the area, lessening the threat to some more of Iraq's oilfields. That sent Brent and WTI prices lower, but kept the Canadian dollar down along with it against the US greenback...

Sure would love to see a build in inventories again tomorrow. It will help to keep the downwards pressure on oil if it were to show consumers were still not driving demand of gasoline or heating fuels!

That's it from this side!


George Murphy
Twitter @GeorgeMurphyMHA

1 comment:

Angela Killpack said...

Seems that fuels never shift dramatically in price. Are these three the top three fuels that are used regularly? What influences their price?