Will the price of propane go up or down?
Natural gas is considered a substitute for oil. So with oil so cheap, natural gas production will probably fall.
And with the shut down, oil refining is going to stall too.
So I see the production of propane being significantly reduced.
On the demand side, I see that industrial and commercial use is a lot higher than residential use. I'm guessing commercial is probably mostly restaurants. So I'm thinking residential use is up a little. Bring on the back yard barbecues. But industrial and commercial will be seriously down.
I'm just guessing. I think demand drops more than supply does and the price goes down. It's been in a downtrend for a couple of years.