I wanted to make sure everyone was aware of our Customer Appreciation Day lunch tomorrow at Fort Bp location at 1901 Hwy 33 in Portage, WI. We will be serving a free lunch between 11am-1pm tomorrow, including raffles and specials on items in store. We will also have free koozies for everyone who attends!
WTI oil prices fell below $70/barrel this week as crude supplies in the US experienced a significant build in inventory. In addition, the Delta variant is spooking the markets with fears of economic slowdown and schools not reopening. Also, the private sector jobs report was half of expectations. OPEC+ is worried about continued battles over production quotas as many nations have invested heavily in updated crude production facilities and want to be more in the market. The last squabble in July might be signs of more to come.
In local news, the retail price for gasoline went above $3/gallon briefly in our market. Gasoline and diesel retail prices are holding around $3/gallon and I don’t expect to see many changes in the coming weeks.
Propane prices are continuing to hold firm. Contracts for the upcoming heating season are available. And don’t forget to top off your tank at a slightly lower price this summer.
As always, if you have any questions, comments, or concerns, please feel free to give us a call.