Buying propane for winter 2021-22 might be a good value
February 9, 2021 By Mark Rachal
If we can pluck good news from propane prices, it would be that next winter’s prices are much lower than the current prices.
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If we can pluck good news from propane prices, it would be that next winter’s prices are much lower than the current prices.
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Days of supply measures available inventory to demand. As long as days of supply are trending lower, prices are certainly going to feel upward pressure.
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Since last week’s Trader’s Corner, there was a dramatic change in U.S. propane prices. The change began after the Martin Luther King Jr. Day holiday.
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The quick gains in propane prices like those experienced this past week can have an immediate impact on a retail company’s bottom line.
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As long as export demand remains strong, there is likely to be continued pressure on inventory and thus support for propane prices.
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The retail propane community was once a prominent component of the overall domestic demand picture, but the shale boom created other demand options.
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Hear from Mark Rachal, director of research and publications at Cost Management Solutions, about his expectations for the winter heating season and his advice for retailers.
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Mark Rachal of Cost Management Solutions takes a close look at propane inventory trends ahead of peak demand season.
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Normally, there is a fairly close correlation between the price direction of propane and crude, but sometimes they…
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President-elect Joe Biden’s outlook on energy is considerably different than outgoing President Donald Trump’s. Mark Rachal explains how.
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