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Tuesday, November 08, 2016

Price changes for Thursday, November 10, 2016

Hi to all,

Here's what I have for this week's price changes, now that all the data is in...

A reminder: My heating, stove oil and Diesel numbers may be off somewhat due to winter blending! Use them as an indicator as to the direction these fuels could go, and not the actual that may occur.


*Heating and stove oils show a drop of 4.3 cents a litre.
*Diesel shows a drop of 4.0 cents a litre, and...
*Gasoline shows a drop of 1.4 cents a litre.


Colonial pipeline back online
Late Sunday saw the return of operation of the Colonial pipeline that resulted in a short-lived spike in gasoline prices on the New York Mercantile Exchange on Tuesday/Wednesday of last week. As soon as word was received that the disruption would not last that long, and that operations of the pipeline would re-start, spots ended up in a headlong retreat after rising close to four cents a litre in trading.
      Spot prices for gasoline have since returned to "pre-disruption" levels.

That's it for this week!


George Murphy
Twitter @GeorgeMurphyOil

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