Fuel Experts Weigh In On Oil Price Drop

DULUTH, Minn. – With fuel prices at an all-time low, experts suggest now may be the best time to fill up your propane tanks.

In the short term, consumers will benefit from the low crude oil costs due to the Covid-19 pandemic.

However, there may be some negative effects in the long-term with this low price environment.

“We are looking at wells being shut in- no more drilling, lack of production. In the long run, we look at it possibly leading to a lot of volatile pricing and higher energy costs,” Superior Fuel President, Ryan Gunderson says.

Gunderson says that in case of any shortage, he recommends customers check with their supplier about a fixed priced contract.