Aided by a drop in demand, propane inventories have recouped throughout the month of April. In turn, the price of propane has dropped marginally and, aside from the carbon tax increase, appears to be about even with the price immediately prior to the invasion of Ukraine. Though the end of the month was chilly, expect […]
Fickle propane prices continue into the spring, as we haven’t experienced any relief – which would be typical for the time of year. Inventory hasn’t quite rebounded and remains at a five-year low. However, It looks like there’s enough propane in the system to get us well into spring. Degree days continued to resurge in […]
Earlier this month, freedom protests disrupted the propane supply-chain in Eastern Canada. Consequently, supply dropped and prices continued to climb. Russia’s invasion of Ukraine further impacted the price of propane, as NATO economic sanctions, including the shutdown of the Nordstream 2 pipeline, have manipulated global markets. February has been mild, overall, causing degree day gains […]
Overall, the price of propane has risen another couple of cents. At this time, North American supply is considerably lower than the five-year average. However, the shortages are predominantly in the Gulf Coast, so we are well-supplied regionally. The omicron variant appears to be shifting towards an endemic stage, hopefully alleviating some burdensome restrictions on […]
Due to unseasonably mild weather, the demand for propane has been reduced. We can expect a decline in prices if this continues into the winter months. Flood recovery in lower-mainland British Columbia is underway to restore the rail lines—meaning the refinery will soon return to full capacity. The crude market has been volatile of late, […]
Worldwide oil and gas fluctuations in production, refineries, and shipment are resulting in the continued uptrend in prices. The energy crisis in China is reducing—or shutting down—oil and gas refineries in Asia, and Russia continues to control the flow of oil and gas to Europe. We are seeing multi-year highs in crude oil prices, which […]
The market outlook for fuel and propane is highly complex with many influencing factors. Distribution chains are global and elaborate. It starts with multiple methods of production, like offshore drilling and oilsands. Moving the crude product with large scale transportation methods involving pipelines, tanker ships, and rail cars to highly advanced and centralized refineries. Distribution […]
Crude Oil prices are beginning to level out and have seen a slight drop in August. Demand for oil and gas continues to rise, but production has increased–resulting in a decrease in price despite reaching a 12-month high in July. 12 months prior, the price of oil sat at nearly half its current value.
North American oil prices are on the rise, mainly due to lower inventory levels and political pressures on the pipeline companies. US crude inventories are expected to drop to their lowest levels since February 2020. Propane prices have hit their highest levels since 2013, due to high demand for exported propane.