Basis Risk Is Quietly Reshaping Propane Margins
Most propane retailers track Mont Belvieu or Conway pricing closely, but margin performance is ultimately decided at the rack. The gap between hub pricing and local rack costs, basis, can widen or compress quickly, often without clear warning at the field level. During volatile periods, that spread becomes one of the largest uncontrolled variables in… Continue reading Basis Risk Is Quietly Reshaping Propane Margins