Falling imports is good news, but US consumption is rising again. Rising US consumption and unrest in Ukraine could make 2014 an ugly year for oil consumers. We'll see.
Consumption seems to have been weather related, agriculture demand was much higher last fall both for fuel and propane because of a much larger harvest than the previous drought year. Plus wet weather during harvest required more propane for crop drying, and then the colder winter has put pressure on both propane and diesel. Be interesting to see what it all looks like in April and May.
There was also a pipeline in canada that broke and supposedly contributed to the propane spike.
