Hi to all,
Here's what I have for this Thursday's price changes:
Heating and stove oils show a drop of 3 cents a litre.
Diesel shows a drop of 4.1 cents a litre, and...
Gasoline shows a drop of 5.6 cents a litre.
Keep in mind that these numbers are off the regulated maximum. St.
John's East could be looking at under a buck a litre by Monday/Tuesday
of this drop comes into effect.
I was off last week on the gas
numbers, the most in months, however, I believe I wasn't really that far
off as Halifax prices dropped steeply last week by better than six
cents a litre. They're measured just a day apart from us here. I think
the gasoline number should be a little closer this time around, but
don't forget that there's still a very volatile market out there, and of
course, we're still dealing with the winter heating and Diesel blends!
Oil starting to flatten?
The Asian countries are the beneficiaries of some pretty good deals on
oil as Saudi Arabia is still competing with US producers. Seems as
though the challenge is on and we're starting to see some US companies
starting to park their plans to frack for more oil in 2015. We may be
witnessing a flattening of oil output from the US, and hence, a slowdown
in drops to prices, and perhaps some stability to oil and refined
We'll see what happens in the markets, but the last
measure I had of oil producing rigs and drilling projects still didn't
make it apparent that drilling was stopping. Question is, are the Saudi's ready to keep prices steady?
I'll keep an eye out.
Airline fuel surcharges should come down
In the meantime, airline customers should be asking their respective carriers why they haven't returned some savings back to customers. Jet fuel prices have also retreated sharply, with jet fuel at 86 cents a litre Canadian in June to today's 64 cents a litre. It would be a nice travel season discount to regular flyers who have been paying a fortune in airline fuel surcharges as of late. That's close to 25 percent less than what it was in June month.
That's it for now!
Regards and safe travels!