From iPhones to Inflation: Volatility Continues

 After 25 years, it finally happened. I made the switch to an iPhone. So I apologize if I hung up on you, called you randomly, or sent an uncomprehensible text. I think ULSD futures have a better chance of dropping $2 in the next week than me figuring this thing out. Likewise, Gas and Diesel are fumbling along the last few weeks, hanging on to every tweet for a glimpse of when normalcy returns. Unfortunately, we are presently on the high side of the curve and the ripple effects of that pricing are making its way into the broader economy. April inflation hit a three year high at 3.8%, with core (no food or fuel) at 2.8%. As we are somewhat removed from tariff effects, these numbers are cause for concern and don’t expect any rate cuts in the foreseeable future. Demand continues to take hits with distillates down 9% to last year and gasoline off by just under 1%. As mentioned when this all started, we are now seeing massive exports of crude and finished products overseas versus US ports that are keeping spot pricing elevated. Still we find ways to operate our businesses effectively and we can always assist. Our free fuel tank monitoring can lighten your load or do you need a fuel tank rental for a short term job? We can help.