Slide 4 of 15
Notes:
When you look at demand, it’s also interesting to note the weather. The weather has a big impact on the demand of heating fuels, if it’s cold, consumers will use more. If a disruption occurs and it’s very cold, markets will become volatile, as was the case with heating oil in the Northeast last Jan and Feb.
As this table shows, calendar years 1998 and 1999 were warm in the major residential propane-consuming regions, keeping heating demand down.
However, isolated cold snaps in certain regions such as the Northeast did affect the distillate market.
