Price changes for Thursday, April 19, 2018

Hi to all,

Here's what I have for this week's price changes:

*Heating and stove oil shows an increase of 2.7 cents a litre.
*Diesel fuel shows an added 3.1 cents a litre, and...
*Gasoline shows an increase of three cents a litre.

Market highlights

All Syria, all the time...
Donald Trump put out the warnings and the markets responded last week as Middle East violence erupted into a response to Syria's gas attack on the people of Douma.
Trump formed an alliance with Britain and France and an attack on Syrian facilities was launched late of Friday night in response to the Assad led gas attack.

     The fact that there would be a response led to wild speculation on the markets that could possibly lead to a disruption in Middle East supplies of crude oil. Spot prices for refined product also increased over the past couple of weeks with the resulting increase to consumers that we're seeing this week.

     For how long will these numbers be up no one truly knows at this point, but there has been some retreat in the numbers late in yesterday and today's session, so we'll just have to keep the fingers crossed. Most likely, we'll see that relief to heating and stove oil prices the most next week.

That's it for this week!

Don't forget to share this!

Regards,

George Murphy

Twitter @GeorgeMurphyOil