Gas price Analyst anticipates high cost of diesel and home heating oil throughout the winter.
The high oil costs have been proven to be a windfall for the provincial Government, but it is going to be a rough winter for those who use oil.
Furnace oil actually went down 5 cents a litre yesterday, but industry watcher Dan McTeague said that we’re in short supply of that family of distillates which includes diesel, furnace and stove oil and jet fuel.
McTeague said inventories of those are low. It is a 60% below the 5 year average which is dangerous territory, he sees a $3 for a litre of diesel come January to February.