Prices are up as oil is over $52/barrel. But what is happening in the future? BP predicts the future of demand – a future that indicates demand is, at best, flat. What this means to me is that the price will really depend on the willingness of countries to hold back supply.
But, for diesel, unless there is a viable alternative, the price will be up no matter which curve is chosen as it will represent a greater proportion of total volume in the distillation process.
Truckers are buying Class 8 trucks again…..Net orders of 126,000 units in the fourth quarter are double the number of orders in the fourth quarter of 2019.
Watch this space for details of a Jan 20 (1 PM ET) webinar featuring P&G retiree Jake Barr and yours truly.