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Year USGC WTI BRENT Heating Oil Spot Price $

Jan-07 1.759 1.385 1.34571429


Feb-07 1.853 1.470952 1.41404762 1.781
Mar-07 2.017 1.57 1.6302381 1.871
Apr-07 2.049 1.56619 1.60071429 1.897
May-07 2.044 1.524286 1.62333333 1.892
Jun-07 2.09 1.677857 1.71952381 2.023
Jul-07 2.198 1.861905 1.83357143 2.095
Aug-07 2.135 1.761429 1.72119048 2.037
Sep-07 2.288 1.94381 1.92785714 2.199
Oct-07 2.592 2.241905 2.1397619 2.506
Nov-07 2.568 2.109524 2.11214286 2.499 STDV
Dec-07 2.673 2.284524 2.23047619 2.648 STDV
Jan-08 2.572 2.182619 2.18047619 2.523 SQRT
Feb-08 2.915 2.423333 2.40238095 2.806
Mar-08 3.061 2.417619 2.43642857 3.078
Apr-08 3.329 2.707143 2.64571429 3.195
May-08 3.736 3.032143 3.04404762 3.647
Jun-08 4.02 3.332381 3.2952381 3.89
Jul-08 3.554 2.956429 2.9547619 3.435
Aug-08 3.296 2.75119 2.70214286 3.15
Sep-08 3.022 2.397619 2.22666667 2.851
Oct-08 2.094 1.621429 1.42857143 2.085
Nov-08 1.76 1.314524 1.13619048 1.696
Dec-08 1.32 1.061905 0.85285714 1.314
Jan-09 1.416 0.993571 1.05166667 1.437
Feb-09 1.265 1.05119 1.05738095 1.271
Mar-09 1.341 1.181905 1.09833333 1.336
Apr-09 1.294 1.19881 1.19761905 1.299
May-09 1.672 1.57881 1.54714286 1.636
Jun-09 1.788 1.662381 1.62166667 1.715
Jul-09 1.831 1.649048 1.66857143 1.793
Aug-09 1.781 1.665952 1.64333333 1.773
Sep-09 1.831 1.677619 1.56714286 1.805
Oct-09 1.781 1.834286 1.78357143 1.965
Nov-09 1.794 1.837857 1.85166667 1.984
Dec-09 1.976 1.890238 1.855 2.109
Jan-10 2.004 1.734524 1.6952381 1.894
Feb-10 2.088 1.898095 1.81809524 2.02
Mar-10 1.91 1.986905 1.91357143 2.162
Apr-10 2.055 2.049286 2.05214286 2.265
May-10 2.188 1.761905 1.73809524 2.006
Jun-10 2.324 1.799762 1.78428571 1.975
Jul-10 2.039 1.877381 1.8452381 2.038
Aug-10 1.993 1.712619 1.79785714 1.966
Sep-10 2.093 1.903571 1.92309524 2.239
Oct-10 2.01 1.939286 1.96357143 2.211
Nov-10 2.239 2.002857 2.04809524 2.288
Dec-10 2.253 2.175714 2.2197619 2.546
Jan-11 2.291 2.166429 2.35642857 2.723
Feb-11 2.528 2.311905 2.67309524 2.928
Mar-11 2.742 2.528333 2.78428571 3.098
Apr-11 2.998 2.699762 3.01404762 3.263
May-11 3.161 2.445238 2.79 3.049
Jun-11 3.368 2.269048 2.6597619 2.936
Jul-11 3.134 2.278095 2.7602381 3.086
Aug-11 2.996 2.114524 2.77333333 3.068
Sep-11 3.161 1.879286 2.51 2.781
Oct-11 3.113 2.21881 2.58166667 3.04
Nov-11 2.844 2.389524 2.64809524 3.012
Dec-11 2.917 2.353095 2.57357143 2.917
FUELS CORRELATION
WTI and BRENT 0.9506555653 0.062059 0.050778
WTI and HEATING OIL 0.9568711958 0.067336 0.152888
BRENT AND HEATING OIL 0.9777101609 -0.00243 -0.01811
USGC AND WTI 0.9171787347 -0.02676 0.014131
USGC AND BRENT 0.9340707823 0.10075 0.059255
USGC AND HEATING OIL 0.9646587585 0.109692 0.066325
-0.05396 -0.06129
0.103541 0.120072
0.153356 0.109917
-0.05905 -0.01291
0.4912466285 0.5697097171 0.082957 0.056025
0.1038142176 0.1072388654 -0.04461 -0.02242
0.2321356476 0.3714863268 0.110287 0.101769
-0.00236 0.014172
0.119756 0.085899
USGC 0.120053 0.150558
4.5 0.099018 0.082519
-0.11282 -0.10332
4
-0.06942 -0.0855
3.5
-0.12852 -0.17596
3 -0.32373 -0.35843
2.5 -0.18928 -0.20467
-0.19218 -0.24937
2
-0.06435 0.23311
1.5 0.057992 0.005434
1 0.124349 0.03873
0.5
0.014303 0.090397
0.316981 0.291849
0
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 0.052933 0.048169
-0.00802 0.028924
0.010251 -0.01513
0.007003 -0.04636
0.093386 0.138104
0.001947 0.038179
0.028501 0.0018
-0.08238 -0.08613
0.094303 0.072472
0.046789 0.052514
0.031396 0.072415
-0.14023 -0.15303
0.021486 0.026575
0.043127 0.034161
-0.08776 -0.02568
0.111497 0.06966
0.018762 0.021047
0.032781 0.043046
0.086305 0.083818
-0.00427 0.061568
0.06715 0.134384
0.093615 0.041596
0.067803 0.082521
-0.09428 -0.07433
-0.07205 -0.04668
0.003987 0.037776
-0.0718 0.004744
-0.11125 -0.09495
0.180666 0.028552
0.07694 0.025731
-0.01525 -0.02814
WTI BRENT
58.17 56.52
61.78 59.39
65.94 68.47
65.78 67.23
64.02 68.18
70.47 72.22
78.2 77.01
73.98 72.29
81.64 80.97
94.16 89.87
88.6 88.71
95.95 93.68
91.67 91.58
101.78 100.9
101.54 102.33
113.7 111.12
127.35 127.85
139.96 138.4
124.17 124.1
115.55 113.49
100.7 93.52
68.1 60
55.21 47.72
44.6 35.82
41.73 44.17
44.15 44.41
49.64 46.13
50.35 50.3
66.31 64.98
69.82 68.11
69.26 70.08
69.97 69.02
70.46 65.82
77.04 74.91
77.19 77.77
79.39 77.91
72.85 71.2
79.72 76.36
83.45 80.37
86.07 86.19
74 73
75.59 74.94
78.85 77.5
71.93 75.51
79.95 80.77
81.45 82.47
84.12 86.02
91.38 93.23
90.99 98.97
97.1 112.27
106.19 116.94
113.39 126.59
102.7 117.18
95.3 111.71
95.68 115.93
88.81 116.48
78.93 105.42
93.19 108.43
100.36 111.22
98.83 108.09
Year USGC cost/gallon 1) without hedge
Jan-07 1.759 35.18
Feb-07 1.853 37.06
Mar-07 2.017 40.34
Apr-07 2.049 40.98
May-07 2.044 40.88
Jun-07 2.09 41.8
Jul-07 2.198 43.96
Aug-07 2.135 42.7
Sep-07 2.288 45.76
Oct-07 2.592 51.84
Nov-07 2.568 51.36
Dec-07 2.673 53.46
Jan-08 2.572 51.44
Feb-08 2.915 58.3
Mar-08 3.061 61.22
Apr-08 3.329 66.58
May-08 3.736 74.72
Jun-08 4.02 80.4
Jul-08 3.554 71.08
Aug-08 3.296 65.92
Sep-08 3.022 60.44
Oct-08 2.094 41.88
Nov-08 1.76 35.2
Dec-08 1.32 26.4
Jan-09 1.416 28.32
Feb-09 1.265 25.3
Mar-09 1.341 26.82
Apr-09 1.294 25.88
May-09 1.672 33.44
Jun-09 1.788 35.76
Jul-09 1.831 36.62
Aug-09 1.781 35.62
Sep-09 1.831 36.62
Oct-09 1.781 35.62
Nov-09 1.794 35.88
Dec-09 1.976 39.52
Jan-10 2.004 40.08
Feb-10 2.088 41.76
Mar-10 1.91 38.2
Apr-10 2.055 41.1
May-10 2.188 43.76
Jun-10 2.324 46.48
Jul-10 2.039 40.78
Aug-10 1.993 39.86
Sep-10 2.093 41.86
Oct-10 2.01 40.2
Nov-10 2.239 44.78
Dec-10 2.253 45.06
Jan-11 2.291 45.82
Feb-11 2.528 50.56
Mar-11 2.742 54.84
Apr-11 2.998 59.96
May-11 3.161 63.22
Jun-11 3.368 67.36
Jul-11 3.134 62.68
Aug-11 2.996 59.92
Sep-11 3.161 63.22
Oct-11 3.113 62.26
Nov-11 2.844 56.88
Dec-11 2.917 58.34