One number up, the rest of them down

With one more day of data to attain (13 out of 14 days on hand), we can almost call the final shot on what will happen this week with pricing on petroleum products. These aren't final numbers, but they are close to what the actual may turn out like.

I'll have the final numbers tomorrow night for sure but, needless to say, I'm sure there will be some sort of a media splash to get the word out to everyone!

• Heating and stove oils to drop by 2.76 cents a litre. Remember that the heating number may be off because of the use of jet fuel as an antifreeze agent, a number for which we just can't get a hold of. Either way, down is the word here as there has been a drop in distillates over the last few weeks.
• Diesel fuel to drop by 2.8 cents a litre. With all the economic damage out there, there's a little less tendency to use those tractor trailers to ship goods and demand here has been impacted as a result.
• Gasoline shows an increase of 3.3 cents a litre. More on this one tomorrow night, but it doesn't look good in the face of refineries matching decreasing production with falling demand. I'm thinking that they're trying to strike a balance between the two factors and they're hoping for a drop in inventories as a result of the moves. That's part reason why gasoline is still being 'supported". That may change soon, if the economy has any say in the matter...

I'll be by with my final numbers tomorrow night, sometime after 8:00 P.M!

Regards,

George