Ryan Dezember
speaker
644 appearances
11 recordings
1 series
first heard May 2018
last heard Jun 2024
Ryan Dezember’s voice in public audio — every appearance, attributed to the second.
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Appearances
You also have farmers in the Midwest who use a lot of propane to dry crops in the autumn.
And you have all sorts of manufacturers who rely on propane or its derivatives and plastics.
Propane is also a major fuel used to power forklifts and things around ports and warehouses.
So a big cross-section of households and businesses rely on propane.
No, no.
In fact, this is more akin to what we would see in autumn and winter when demand is much higher.
In fact, the federal government doesn't even track prices this time of year because demand is pretty slow.
People aren't heating homes and businesses and such.
As far as we can tell, prices have basically never been this high this time of year.
And now this time of year, of course, is when a lot of people are 30%.
thinking about propane because they're filling up their grill tanks and their, you know, their outdoor heaters, maybe their pool heaters use propane.
But most of the demand comes in winter and that's usually when we see prices this high.
No, that's a lot of people buying, but in very small quantities relative to the big tanks that you would fill at your house for heat or what a chemical factory would buy.
Now, retail problems are generally in the availability and the cost of the cylinders.
We saw a lot of businesses that didn't have propane or didn't have tanks this year.
And that's sort of a function of the pandemic when a lot of people were stocking up, sort of hoarding stuff for their outside cooking, for the patio heaters.
A lot of restaurants added outdoor seating and tried to stay open as long as they could in the winter.
So there was a lot of pinch point in the canisters, the cylinders that are used to bottle the gas and deliver it in small quantities.
You know, that's tricky.
You know, people may want to fill up their propane tanks now if they think that, you know, prices are going to rise, which a lot of banks on Wall Street, a lot of analysts think will happen.
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