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, with prices hovering around $70. Indicators suggest supply growth should outpace demand into 2022. However, uncertainty continues because of speculation on vaccine efficacy against the Covid-19 omicron variant.
For more information on fuel and propane, or to request a quote, please reach out to our team. From all of us at Core Fuels/Red Cap Propane: have a safe and merry Christmas and a happy New Year!