Good morning!
I just wanted to take a moment and wish everyone safe travels and a Happy Thanksgiving! Going into the holiday weekend, prices have dropped dramatically. OPEC is looking to pump more product to offset Russian product bans in Europe. China is continuing to struggle with economic slowdown. The US is also reporting continued economic challenges. And harvest is close to complete in the US. The combination of all events caused WTI crude price to drop below $80/barrel. In addition, spot market prices on gasoline and diesel collapsed. Propane continues to hold strong at high value price in relationship to crude prices.
Once again, if you have any questions, comments, or concerns, please feel free to give us a call.
Best regards,
Jon Crawford