Because the market will not be trading on Christmas Day the price posted this Thursday for the 25th will remain in effect until the 29th of December.  Prices will change at midnight on the 28th.

Also, there will be no trading on New Year’s Day, which means the price posted on the 1st, will remain in effect until the 5th of January.

I’d like to wish everyone a safe, prosperous, happy new years and a Merry Christmas!

Major refiner/marketers in Toronto, the GTA, London, Guelph, and Cambridge are now charging a large 5.0 cent/litre surcharge above the NYMEX/RBOB benchmark. To put things in perspective, crude – on a per litre basis – amounts to 49.1 cpl at NYMEX. Refined is additional 9.8 cpl however Canadian refiners will be tacking on an additional 5 cpl premium on the price of gas tomorrow.

TGPT Team

Oil Slides With Ample Supplies in Storage for Winter Demand

By Grant Smith and Reg Curren

Nov. 26 (Bloomberg) –

“On the fundamental side, it’s not justified for oil prices to go higher,” said Gerrit Zambo, a trader with Bayerische Landesbank in Munich. “Even with a cold winter there wouldn’t be any problem with supply as storage is so full and demand isn’t as high as two years ago.”

The full article can be found here.