Seasonal bullish patterns are apparent, with propane futures prices benefiting from colder-than-expected temperatures in parts of the Midwest. Energy fund managers have increased allocation to propane-linked commodities by 7% month over month. We also power our electric vehicle from our rooftop solar, saving money and emissions. With solar and batteries, we don’t have to be concerned about accessing fuel for a generator to power our home, which is a comfort considering the damage to the Sanibel causeway and to many propane tanks during Hurricane Ian. Propane futures prices attracted speculative buying amid chatter of export restrictions in certain global markets. If confirmed, such constraints could lead to accelerated price appreciation into early summer. An uptick in U.S. propane exports to Japan and South Korea is supporting higher propane futures prices. The May contract traded at $0.88 per gallon after breaking above last week’s psychological resistance mark.