Energy Prospectus

https://x.com/HFI_Research/status/1922679229205877031/photo/2

This charts show gasoline demand rising but other products -- Distillates and Propane -- falling.

What should we make of this Dan?

Thanks!

Carey

Mild weather is why propane demand is down. Propane inventories are 9% below normal for this time of year due to much colder than normal winter weather in Q1. Remember that refilling propane inventories before winter starts is a big part of demand.

Distillates are primarily diesel and home heating oil. Home heating demand also down due to mild weather. Diesel demand might be down due to less big truck traffic.