6/4/23: Is History Telling Us Something?

The price of propane has been dropping steadily for the past 14 months…can we glean some direction by looking back through history? We take a crack at that in today’s Propane Buzz

Propane Buzz for March 3rd, 2022

3/3/2022: WTI crude oil closed at $110.60/bbl yesterday, its highest daily close since May of 2011. The May contract settled at $107.06. The front month contract traded over $116 around 2:30AM eastern time this morning, but is back below $110 as of this writing.