The interest rate raise by the Federal Reserve Bank in the US was finally, after much punditry, raised rates a paltry, insignificant 0.25%. But the fact of the matter is that this raise signifies the first increase in almost 9 years, and the first increase since the end of the Great Recession of 2008.(remember 2008?) Nobody else does either.
Janet Yellen, head of Fed Res Bank, says that this will work. The bank chief has been explaining the move for months and it has finally happened without making many waves. The markets responded with a move up by a few hundred points. This comes amidst a continued slump in the price of oil around the world. Gasoline prices at the pump are sliding,too, averaging about $2.00/gal in US($3.00/gal. in China-government decree). natural gas prices are also sliding as unseasonal warm temperatures roll across New England and the upper Mid West. Forecasters call for 65 F degrees in NYC on Christmas. Propane prices are also lower than other times. Buy signals are in!
Buy Propane
Today's market retail price: $0.36/gal. delivered. So, if your tank is empty or less than 25%, buy today, suppliers are facing dramatic amounts of product they can't move; and they already have committed to futures they have under contract and can't store anywhere. Buy now.
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