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Tuesday, December 19, 2017

Price changes for Thursday, December 21st, 2017

Hi to all,
Here's what I have for price changes for this Thursday:
*Heating/stove oils show an increase of 2/10ths of a cent a litre.
*Diesel fuel shows down a half cent, and...
*Gasoline shows a drop of 1.7 cents a litre.
Merry Christmas to us, wa?...
Market highlights
Inventories increase again
U.S EIA inventories of gasoline increased again last week as gasoline demand remained a little weak ahead of the Christmas travel season and refiner capacity remained high.
Gasoline inventories showed a gain of 5.7 million barrels against a draw of 5.1 million barrels of crude, but refiner capacity remained high at 93.4 percentage points.
Distillates dropped in 1.4 million barrels as winter demand remains a factor in support of heating and stove oil prices.
Canadian dollar slips
The Canadian dollar slipped against it's chief competitor over the past week as the U.S Greenback showed some strength over the last week and a half, losing close on a penny against the U.S buck.
I'll leave it at that for this week. I'll still be here over Christmas as long as the trading continues. Numbers may be off slightly with the markets closed for so many days, but we'll try to be as accurate as possible for the trip home.
Be safe out there! Enjoy your time with family and leave the keys if you plan on "celebrating" the Epiphany!
Regards,
George and family
Twitter @GeorgeMurphyOil 

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