Printer Friendly Version|
DAILY ENERGY COMMENTS
August 23, 2016
Crude was lower overnight due to profit taking and is turning neutral to bearish hinting a short term top may be in or near. Fuel was lower overnight due to profit taking and is turning neutral to bearish signaling a short term top may be in or near. Gasoline was lower overnight due to profit taking and is turning neutral to bearish hinting a short term top may be in or near. The Dollar was lower overnight and remains neutral to bearish signaling lower price are possible in the near term. Propane is lower this morning as it is being infulenced by the market moves in crude and is neutral to bullish signaling sideways to higher prices are possible in the near term.
With the relatively lower price of propane expexted to continue into next year here is a formula to consider if replacing your residential water heater.
It takes 27 kWh of usable electricity to equal 1 Gallon of propane. If your rate for electricity is $.1273 per kWh (which is the national average) X 27 kWh = $3.43 per gallon.
The National average for residential Propane is $2.01. This means that propane is a better value versus electrcity.
Some Information concerning SPCC. If your Aggregate Oil and Fuel is greater than 2500 gallons and not more than 6,000 gallons, with no reportable discharge history, you do not need an SPCC farm plan or secondary comtainment by EPA rules. State or local regulations may supersede the Federal EPA so you will need to check out those regulations. For between 6,001 and 20,000 gallons and no tank larger than 10,000 gallons you can self certify with a form that is avalable on the EPA web site (www.epa.gov.) If you have a 20,000 gallons or more total storage or a 10,000 gallon tank or larger you have to have an SPCC Professional Enginer's plan. If any questions please call 320-325-5466.
If you have purchased a piece of farm equipment (Tractor, Combine, New Sprayer and a few other motorized pieces, either New or used up to ten years old from date of manufacture.) they may be eligible for the Best extended warranty in the industry. Please contact Gale Adolph @ 320-343-9022 or cell, 320-815-0730 for more information.
Hope YOU have a great day!
Crops are looking good in most areas. With wheat harvest done we now look toward soybean harvest. Went past a field of beans that were statrting to turn. Must have been eatable beans.
Just a bit of rain would be helpful again for most of us. Noticed a few corn leaves starting to curl again as I was out delivering fuel last week.
Keeping costs down means keeping your equipment longer.
Cenex Maxtron Enviro-EDGE full synthetic SAE 5W-40
diesel engine oil exceeds critical industry standard tests by as much as 30%.
And it improves fuel efficiency from 1.2% under normal conditions and up to 3% during cold starts.
Whether comparing its ability to control soot, protect against wear, or perform in all temperatures,
freezing cold or summer heat,
Maxtron Enviro-EDGE SAE 5W-40
surpasses conventional SAE 15W-40
oils and API CJ-4 requirements by far.
To find out more about this product click on the link below.
Maxtron Enviro-EDGE 5W40
Contract Programs Fuel Prices Tank Program