Fuel Oil News January 2019 | Page 8

Prices & Margins 2018 Average kero margins 2018 10.00 9.00 8.00 The source of the graphs on this page is the Price Totem data published each month in Fuel Oil News. Figures for the Republic of Ireland are adjusted by the exchange rate to be comparable to pence per litre. The standout feature of 2018 is that margins have improved for both kero and gas oil. For kero the average margins everywhere were in excess of 5p per litre. Margins for ULSD remain between 2p and 4p per litre. Regional margins 7.00 6.00 5.00 4.00 Margins in the South East continued to outstrip those available anywhere else in the country, averaging over 9 pence per litre for kero and 5 pence per litre for gas oil. The North East and South West enjoyed better than average margins for kero and, as in 2017, Northern Ireland enjoyed the next best margins for gas oil after the South East. 3.00 2.00 Prices fluctuate Prices continued to recover during 2018, peaking in October. By the end of 2018 kero had risen 17.4% from the ten year low point at the beginning of 2016; gas oil and ULSD had added 12.2% and 6.3% respectively. Prices remain lower than the three year period 2011-2014. Dec 2018 Inc/Dec Kero 35.45 37.18 +4.9 Gasoil 45.18 47.43 +5.0 Derv 92.96 95.00 +2.2 6.00 5.00 Dec 2017 Average gas oil margins 2018 4.00 3.00 2.00 Platts buying prices 1.00 The Fuel Oil News Price Totem has been produced every month for over 30 years. Average buying prices 2018 – kero and gas oil 65.00 60.00 55.00 50.00 Average ULSD margins 2018 45.00 6.00 40.00 35.00 5.00 Average buying prices 2018 – ULSD 110.00 100.00 30.00 4.00 3.00 2.00 90.00 1.00 80.00 70.00 8 Fuel Oil News | January 2019 60.00