MARKET ANALYSIS
AS PREPARED BY COMMISSION STAFF
May 14, 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.

 

Crude Track:
  Recent WTI Crude (US$/bbl)
 

May 1

$91.03
 

May 2

$93.99
 

May 3

$95.61
 

May 6

$96.16
 

May 7

$95.62
 

May 8

$96.62
 

May 9

$96.39
 

May 10

$96.04
 

May 13

$95.17
 Average Brent Crude for May: $103.60.
 
  Average Average Average
  2013 2012 2011
January  $ 94.70  $100.51  $89.44
February  $ 95.50  $102.26  $88.83
March  $ 92.73  $106.36  $102.74
April  $ 89.59  $103.18  $109.67
May  $ 95.18  $ 95.47  $101.29
June    $ 82.28  $96.40
July    $ 87.93  $97.43
August    $ 94.05  $86.23
September    $ 94.74  $86.13
October    $ 89.72 $86.10
November    $ 85.87 $96.86
December    $ 88.06 $98.51
         
  US $
Per Barrel		 CDN  Cents
Per Litre		 CDN Cents
Per Litre		 CDN Cents
Per Litre
  CRUDE RUL F/O DIESEL
May 10/13 $ 96.04 126.4 98.8 133.8
May 10/12 $ 97.08 123.4 100.8 125.9
YOY Diff. -1.04 +3.0 -2.0 +7.9
% Change -1.1% +2.4% -2% +6.3%

Commentary:

WTI pricing has increased by $5.01 or 5.5% while Brent crude has risen $3.96 or 4% over the past two weeks.  Despite same, refined product wholesale pricing has remained relatively stable with either increased or at least stable inventories, and stagnant demand has kept a lid on both wholesale and retail pricing.

Note:

Legend:
DOE Department of Energy
RUL Regular Unleaded Gasoline
F/O Furnace Oil
WTI West Texas Intermediate