Happy First Day of Spring: Seasonal Adjustments & Global Tensions
Ahh, the first day of Spring, flowers poking through, grass greening up, Daughters 21st Birthday (ugh!). Perfect time to inspect tanks and access ways for any damage the winter brought along with a fresh coat of paint on fills. (see your Rep for any required decals) Future pricing may have seen the pre summer bottom late last week as ULSD has jumped $.10 since then. While on one front Russia and Ukraine look to be headed towards a quasi-cease fire, Israel has resumed ground offenses in Gaza as Hamas has failed to release all of the hostages. In terms of market reaction, an Israeli war may Trump a Russia ceasefire. As the FED held interest rates yesterday, they are like many of us the last few months “ waiting until we are in a greater position of clarity” to make any changes. The on again off again tariff plan will weigh heavily on their direction which always has an effect on Oil markets. My sense is that the markets will stay in this $.10 range for a few weeks as demand will be a key factor in pricing. Currently, demand figures are starting to show increases on a seasonally adjusted basis. However my senses may be compromised by the agonizing start of my seasonal allergies.
