The fuel industry is in constant flux, and we always keep an eye on any developments that can benefit our clients. Here, we’ll share findings, some research, and our opinions on a wide range of topics related to our industry.

The Core Fuels Market Outlook For December, 2021

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!

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