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Tuesday, October 07, 2014

Hold off! Numbers for Thursday, October 9, 2014

Here they are, the numbers for Thursday with all the data in...

Again, just a reminder that the heating oil and Diesel numbers may be off somewhat because of winter blending that I can't track, so use those numbers as a rough indicator only!

Heating and stove oils show a drop of 1.3 cents a litre.
Diesel shows a drop of 1.8 cents a litre, and...
Gasoline shows a drop of 5.2 cents a litre.

Futures numbers are based on delivery of refined goods 45 days from now. If I go by those, there's still considerable downwards pressure in the next couple of weeks for fuels, but particularly gasoline prices. Futures numbers there traded today around $2.36 a US gallon. If I convert that to Canadian values, it could mean another 5.6 cents a litre yet to come to your pockets...IF all goes accordingly...

Keep conserving everywhere, and we can all make a bigger impact here!

Brent crude closed today at $91.73 US a barrel.

I'm keeping an eye out for anything else that might transpire in the coming days, but that drop in gasoline looks pretty good, especially with more on the way if all holds true...

Feel free to pass this one along to everyone!...Everywhere!


George Murphy
Twitter @GeorgeMurphyMHA

1 comment:

Jennifer Davies said...

Thanks for the breakdown! I love having a source to track the prices without going to the stations. The steady downtrend is nice. This is a good time to stock up on oil.

Jenn |