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Shock and Awe in Energy Prices…
I am sure the dramatic slide we have witnessed in energy prices caused by demand destruction was a welcome surprise this week. We've decided not to ramble on discussing the market influencing ‘specu-investors,’ the Japanese nuclear problems, MENA region instability, the Chinese monetary tightening and the continuing European debt crisis.
Instead, this report will compare the Canadian cardlock suppliers' pricing over this past winter. Our table summarizes by major cardlock suppliers their average six month (Oct 1/10 to Mar 31/11) diesel cardlock prices in 16 major Canadian cities on a regional and a national basis. We divided the report into eastern and western cities to allow our regional clients to better utilize the information. The lowest cost regional suppliers are listed beside the average daily rack posting in the left column and the highest cost suppliers are shown in the right column.
By: John Voros, Senior Petroleum Analyst
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