I just wanted to take a quick moment and thank everyone who came out to our Customer Appreciation Day on July 27th. We served over 500 people and had the best weather you could ask for! I am so happy to celebrate our customers each and every year. I also wanted to say congrats to Sydney Simonson on winning a pair of Packers tickets in our raffle. We hope you enjoy the game and you help the Pack bring in a win! 🙂
In market news, crude oil prices dropped almost 10% in July and are starting out down in August. We are expecting to see retail prices remain around the same since local cost of fuel increased with the expiration of the August contract on the Chicago Mercantile. I am keeping my eyes on the trade wars, Iran and Russian communications, as well supply point bottlenecks to see where we might go in August. I am still long on crude prices going into the fall and next spring.
Propane prices are holding steady. If you have not ordered a summer fill, please do so. Once summer economics expire in the propane market, I expect to see prices jump 5-10 cents. I also highly recommend contracting your propane for the upcoming heating season. I am very bullish on propane prices for the upcoming season due to low inventories and high export volume.
As always, if you have any questions, comments, or concerns, please feel free to give us a call.
Jon Crawford – Pres.