By Gary Brandt, Vice President of Energy
Have you ever noticed that after Labor Day and before Valentine’s Day, gasoline and diesel seem to go down in price?
Until just recently, the petroleum market had been out of the news for a while. The slow, creeping price increase of oil and fuels during 2018 was very gradual, and gradual changes usually don’t get much notice. Beginning in October, the prices of oil and fuel have decreased more rapidly and attracted our attention, so noticing the annual fall drop in prices is no surprise. Throughout the last thirty years when you graph out the average price of diesel fuel, the low points are in mid-December and mid-January. If you do the same averaging for the last fifteen years, the low points are still mid- December and mid-January. While past performance is not a guarantee of future actions, I believe it is a safe bet to purchase diesel fuel for the next growing season during the preceding holiday season.
To help facilitate those purchases, CPI is having fuel and oil contracting meetings around our trade territory during December. Come and visit with your fuel driver, salesmen, and their support staff to discover current pricing options and lubricants promotions. We already provide you with the best products available for your fuel tanks and oil sumps; now let us help you decide when to get the best deals on those products.