We focus on all distillates rather than heating oil because heating oil is less than 10 percent of the total.Ĭhart 2: Cost Management Solutions Click to expand. Its low level is why some are predicting we will “run out” before the end of the year. ![]() So, there are good reasons we are all concerned and asking questions.Ĭhart 2 looks at total distillates inventory for the U.S. Even though we may not be a heating oil retailer or a refined fuels distributor, we know the high cost of distillates is hurting our economy, a major contributor to inflation, and stands in the way of more economically secure times. When we see the price of a commodity that out of whack with the comparable energy sources, we know something is up. It has been as high as the equivalent of $3.39 per gallon of propane this year. That is the equivalent of $2.53 per gallon propane, which is trading at 88.5 cents as we write. And, of course, we all see the high price of distillates and know something is up.Ĭurrently, the price of heating oil/distillates is $3.83 per gallon. will be out of distillates by the end of the year. ![]() Everyone is hearing the claims that the U.S. But there have been plenty of inquiries from propane dealers as well. Some of our readers market heating oil, and others are refined fuels distributors. ![]() Recently we have had inquiries about the state of diesel, heating oil and distillates in general. Chart 1: Cost Management Solutions Click to expand.
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