..and here's the final numbers for Thursday's price changes:
Heating and stove oils show a drop of 4.65 cents a litre.
Diesel shows down by 5.6 cents a litre, and...
Gasoline shows a drop of 3 cents even.
Just a quick note here on winter pricing that throws the Heating and
Diesel numbers out of kilter sometimes. I usually tell everyone that
these numbers can be used as just a "guide" on which direction prices
will be going due to the use of "anti-freeze" agents such as kerosene
and jet fuels in the various blends. That usually carries until the end
of April month.
In other news, the US may be running out of
storage room. They're actually pumping that much, they expect to see the
coffers filled by June month if production keeps growing from domestic
sources. That could sell trouble for oil prices. No sense producing if
you can't store the stuff, let alone sell it.
I'll leave it at
that for now. I'm going to be watching the US inventory data tomorrow
when it is released. It should be an interesting play tomorrow as we get
to see if stocks will still show an increase to crude oil reserves that
will probably keep those oil prices low.
Feel free to pass this note on!