Good morning!
I just wanted to take a moment and wish everyone a happy 4th of July weekend! Regardless of all the chaos going on in our country, when looking at the big picture of the world, we have so much to be grateful for. I hope everyone is able to have some fun and enjoy time with friends/family.
Just a quick update before the holiday weekend. 🙂 Prices eased a bit this week with recession fears driving the market. But this could be the “calm before the storm.” OPEC continues to strong-arm with no increased production on the horizon. We just don’t have enough natural gas and diesel to get through winter around the globe without Russia. The next two months will be interesting. The framework for a deal with Russia was on the table back in March and I hope the world starts to look at diplomacy or this winter could be scary for Europe which would send shockwaves through the world. Gas and diesel prices have come down a bit with the slight drop in crude prices. But a whipsaw back higher could happen at any moment. Propane prices are skipping along the bottom and next season’s heating contracts will be released on Tuesday next week. Current customers can look for letters to hit mailboxes starting next week or feel free to give us a call for more info.
I will update further next week after the holiday weekend. As always, if you have any questions, comments, or concerns, please feel free to reach out.
Best regards,
Jon Crawford