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Red River Valley, MN | We bought a transport of field fuel back in December and were pretty happy with the prices. Ever since the Ayatollah of Iran came out a week ago discussing their desire to destroy Israel and kill Jews in the US, I have questioned whether or not we should buy and take delivery of our whole years needs of fuel. I typically dont buy into the fear mongering, dooms day scenarios...but...my gut tells me if something sparks off over their we will see crude oil spike to $200/barrel as well as see possible supply disruptions in the Straits of Hormuz.
Locally it seems that demand at harvest time for fuel has increased due to all of the "rockin' in the Bakken" and refinery shut downs for scheduled maintenance. I have the storage for our annual needs plus some, the only thing I would be out would be some interest money, and or the price of fuel drops? | |
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Diesel prices- with Iran and high spring $ being talked about.
