NGL Energy Partners LP (NGL)

[PappaJohn]

Indeed, demand destruction is prevalent.
Not much money to be made in pipelines or terminalling when the product demand is not there. Refineries are only operating at 82% capacity at present.

Hopefully, demand will return after the Kung-Flu runs its course.
In the meantime, the flood of crude on the market needs to be addressed to balance supply and demand.

I haven't the answers, just some observations.

FWIW: Locally today, Regular 87 E10 gasoline is coming out of the gate at the local NuStar terminal at 95 cents per gallon, taxes included. Diesel at 1,66



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