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MARKET
ANALYSIS
AS PREPARED BY COMMISSION STAFF
January 31, 2013
The following analysis has been used by the
Commission as part of its price adjustment methodology and is
provided here to assist the public in understanding some of the
background factors influencing current market prices.
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Recent WTI Crude (US$/bbl) |
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Jan 17 |
$95.49 |
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Jan 18 |
$95.56 |
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Jan 22 |
$96.24 |
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Jan 23 |
$95.23 |
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Jan 24 |
$95.95 |
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Jan 25 |
$95.88 |
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Jan 28 |
$96.44 |
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Jan 29 |
$97.57 |
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Jan 30 |
$97.94 |
Average
Brent Crude for January:
$112.19 |
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Average |
Average |
Average |
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2013 |
2012 |
2011 |
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January |
$ 94.70 |
$100.51 |
$89.44 |
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February |
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$102.26 |
$88.83 |
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March |
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$106.36 |
$102.74 |
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April |
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$103.18 |
$109.67 |
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May |
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$
95.47 |
$101.29 |
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June |
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$
82.28 |
$96.40 |
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July |
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$
87.93 |
$97.43 |
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August |
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$
94.05 |
$86.23 |
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September |
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$
94.74 |
$86.13 |
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October |
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$
89.72 |
$86.10 |
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November |
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$
85.87 |
$96.86 |
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December |
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$
88.06 |
$98.51 |
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US $
Per Barrel |
CDN
Cents
Per Litre |
CDN Cents
Per Litre |
CDN Cents
Per Litre |
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CRUDE |
RUL |
F/O |
DIESEL |
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Jan 30/13 |
$ 97.94 |
119.9 |
106.3 |
131.7 |
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Jan 30/12 |
$ 98.78 |
120.1 |
106.3 |
132.7 |
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YOY Diff. |
- 0.84 |
-0.2 |
- |
-1.0 |
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% Change |
-0.8% |
-0.2% |
0% |
-0.8% |
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Commentary: |
1. Platts Inventory Update: |
The U.S. Energy
Department ("DOE") petroleum inventory assessment,
issued Jan 31, 2013 reported an increase in U.S. crude
stocks of 5.947 million barrels, primarily the result of
increased imports. U.S. gasoline and distillate stocks
declined marginally.
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Weekly
(bbl) |
Year over Year
% Change |
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Crude |
+5,947,000 |
+8.9% |
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Gasoline |
-956,000 |
+0.09% |
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Distillates |
-2,315,000 |
-10.2% |
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U.S. refinery utilization increased by 1.4% to 85%. |
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Source: DOE January 31, 2013 |
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2. Items of Interest:
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-
MasterCard states
gasoline demand increased by 2.7 percent last week over
the previous week.
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NYMEX crude and
gasoline futures have seen rising prices recently, as
continued optimism on global economic growth, including
the United States, and concerns over the protests and
terror attacks in North Africa, Syrian unrest and Iran
tensions have influenced NYMEX market commodity trading.
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Legend: |
| DOE |
Department of Energy |
| RUL |
Regular Unleaded Gasoline |
| F/O |
Furnace Oil |
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WTI |
West Texas Intermediate |
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