It’s turned into a sit and wait game for much of the fuel markets the last week. Waiting for direct negotiations between the US and Iran on a formal peace deal. The US wants complete destruction of all enriched uranium in Iran, Iran wants to set up toll plazas along the Strait of Hormuz. Both sticking points will have to bend if a deal is to made and subsequently send pricing lower. As we said, the next few weeks will be a much less drastic retreat. While ship traffic is about 50% of pre war times, there is one little tidbit to note… reports surfaced that Iran “can not say with certainty” where their mines are placed in the strait. We will likely see additional Nations join in the sweeping effort. At home, the traditional summer bump in driving and demand is not what it once was. Gasoline demand is average at best, while diesel usage is off about 2%. Meaning we could see some sentiment shifting even without a deal. It is still a busy time for most of us ahead of the holiday weekend. No need to consult with VAR on this one, DKB is staffed and supplied to service you when you need it most. Have a safe, and happy 4th.