It’s a guessing game but the market is showing downward pressure on fuel prices.

Dan McTeague, president of Canadians for Affordable Energy, predicts a drop of about 7 cents a litre for gas and 9 cents for diesel.

McTeague doesn’t expect the P.U.B. to switch from winter gas to summer blend gas before April 15 but if they did so tomorrow, it would offset the reductions as summer blend is more expensive.

He doesn’t think the P.U.B. will do that switch and instead will pass on the reductions as the rest of the unregulated markets in the country have seen.

On the flip side, the analyst sees a big increase coming in jet fuel, a component of which is furnace oil. In short supply, jet fuel has gone from about $3.50 a gallon over the past while to $7.50 a gallon.

The inventory for heating fuel is probably at an all-time low, meaning the price of energy to heat our buildings will likely go up substantially tomorrow.

US President Joe Biden, meanwhile, wants to import more oil from Canada.