Our thoughts and prayers are with everyone affected by Harvey and the upcoming Irma. The hurricanes have caused massive outages and production delays. Prices spikes over 30 cents on gas and diesel. Prices are starting to calm down and hopefully we have peaked at retail. The North Korea and other geo-political events seem to be not affecting the oil markets at this time. The national inventory reports are mostly skewed due to the hurricanes and post holiday weekend. I expect the inventories and markets to be back to normal operations by the end of September. I will give more detailed analysis of the refined markets once these hurricanes have past.
In the meantime, if you have not contracted propane, I would highly recommend doing so. Please call the office for current prices.
As always, if you have any questions, comments, or concerns, please feel free to give us a call.
Jon Crawford – Pres.
Crawford Oil and Propane