Monday, January 6, 2014

What a Difference a Year Makes

Happy New Year to all!  As part of my transition from 2013 to 2014 I have to update most of the charts I compile for this silly site.  The most noticeable change will be the price chart.  That chart compares the current year Henry Hub spot price against last year, the five year average and a range from the previous five years.  Because the five year range included 2008, a year during which gas prices spiked over $13/MMBtu, it didn't quite reflect the "new normal" gas prices post-shale and made the chart look like a tsunami.  Now that the trailing five years starts in 2009, things look a little different...

Old:
New:

It almost looks normal, although few gas fans are happy with the "new normal."  At least the new year debuts smack on the five year average rather than looking up at it from the basement.  Given what has transpired over the past half decade, however, that's not saying much.

1 comment:

John Decker said...

This is a great article and very informative on fleet management. It is amazing what organizations like a Fleet Company are capable these days. Due to new technological solutions, they can control fleet operations better. Also they are able to control fleet vehicles more efficiently by always keeping operations costs low. However, I think the rise of gas price has played a huge effect on fleet management and making sure most costs can actually stay low.