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Distillate pricing has soared throughout the month on the back of a weak Canadian dollar. Refinery and terminal maintenance have contributed to major drawdowns in supply earlier in the month. Whether this impact is further realized is yet to be determined. Demand remains strong as we enter furnace oil season.
Gasoline prices have reflected the price of Crude Oil, which has increased throughout the month amidst continuing developments in Eastern Europe. Inventories are receding consistent with demand.
There’s nothing impactful to report on propane. Prices and supply are stable for now.
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