@ekc8946@spmackin The EUB uses an avg of market prices over the course of 5 days (usually). If market prices drop near the end of the period, which is 1 day of the 5, the change can look suppressed compared to markets like ON, where the market is responding to price changes daily.
@AndreDeveaux3@spmackin So basically take each day’s RBOB value for Thursday to Wednesday, convert to Canadian using each day’s Bank of Canada exchange rate, and divide by Gallon-litre conversion of 3.785. Then average those values (5-day avg).
@AndreDeveaux3@spmackin The Thurs to Wed avg is for their Friday change. Seems like if the daily change to market prices is large enough (around +/- 5 to 6 cents per litre) they make mid-week changes. Probably because supplier sell prices to wholesalers are not regulated and change with the markets.
@AndreDeveaux3@spmackin I’ve found the NYH ULSD and RBOB future month prices on https://t.co/gA0ZjO7W38 track close to the Argus numbers used by EUB (at least on a cpl change basis). They are in USD/Gallon and become the cash settlement at the end of the market day. EUB seems to use AVG - Thurs to Wed.
@AndreDeveaux3@spmackin (1) Change is tied to refined market prices for CBOB/ethanol, not crude, which can behave differently.
(2) more important, there is a 2 day lag between market close and the price change by the EUB. Markets close, EUB gets prices next morning, then sets prices for the next day.
@J4M13M@spmackin Governments and the EUB don’t control global market prices. Approximately $1.50 of the price is market-driven ($1.30 + HST impact). Blame the oil companies and Donald Trump.
@geneellsworth Not sure where you’re getting information, but crude oil has been gradually increasing since April 20. For price changes in the Atlantic provinces, the daily RBOB (gasoline) and ULSD (diesel) NYMEX prices for the future month are usually better indicators. Barchart posts these.
@buggahman1977@NjTank99 He was always below average defensively and had a down year in 2024 offensively, too. He’s had calf, leg and knee issues every year for the last few years also. Injury prone.
@percPick@spmackin It’ll depend on whether CBOB increases enough by end of business day Monday to trigger EUB’s interrupter. Pre-market RBOB figures suggest some increase, but it will be clearer by end of day tomorrow. Will have to see what happens when markets open tomorrow and thru the day.
@spmackin@GoalieGuy1965 The full 11.5 cpl drop is because of the removal of Federal Excise Tax. The additional 1.5 cpl is the HST impact on top of FET.