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Tuesday, December 23, 2014

Numbers for Thursday, December 25, 2014

Happy Tibb's Eve!...

I used to name it after the old oil delivery company that used to be up off Wishingwell Road! Go figure, coming from me!

Here's what I have for this week's price changes. All numbers in:

Heating and stove oils show a drop of 1.45 cents a litre.
Diesel shows down by an even two cents a litre, and..
Gasoline shows just a modest 6/10ths of a cent a litre drop.

Still some volatility in the numbers as the markets try to settle things out with oil prices. Don't forget the winter blending in heating and diesel numbers that may throw them off some!

Things appear at first glance to have bottomed out in the markets for now. All will now depend on consumption and the next inventory reports out of the US. With an improving economic situation stateside, look for a slight increase in oil prices, but not enough right away to bring prices in the immediate St. John's northeast area over that magical "buck a litre" scenario we've been looking at. At least, not right away!

Also, I'm not sure when they will bring in this next round of price changes. Holidays are falling in with Christmas Day and New Year's next week, so, I'm not sure when they will allow pricing changes this next two weeks.

Merry Christmas everyone!..and the "warmest" of holiday wishes!

Regards,

George
Twitter @GeorgeMurphyMHA 

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