With demand relatively even and seasonally normal, supply issues via outages across the Middle East and Southeast Asia have caused inventory issues and delays throughout North America. These issues and more have caused U.S. producers to increase prices by $0.20/gal effective January 1, with more expected increases to come throughout the early part of 2018.
Spot prices are expected to continue to increase with issues in Asia, planned outages at two U.S. production facilities in the first quarter of 2018, and undefined issues in Venezuela.
In addition to rising prices, continued tightness in truck and truck driver availability throughout the country is impacting supply chains. Customers are urgently reminded to place orders with as much lead-time as possible to secure deliveries as required.
For more information, contact product manager Cory Mullins by clicking here.