Well, We Knew They Were Coming. Higher Prices are Here. The Beacon, 07/26/2021

The Headline:   Energy prices took a big jump last week.  Each month through 2032 went up, and the months of 2021 and 2021 went up sharply.  Hot weather was the primary driver, with slow growth in rig counts and unimpressive storage levels setting the table for more volatility and upward price movement.           

The Bottom Line:    This probably isn’t the best week to lock in a rate.  The 12-month term price is pushing $3.80, all of the annual strips are above $3.00, and all the strips are setting new 52-week highs.  This highlights the need to be ready when the market gives us a good buying opportunity – they aren’t likely to last long in this market.        

Click HERE for your free copy of the Beacon.

Click HERE to contact Lighthouse staff about your energy needs.