Our predictions were a little right and wrong. We saw the potential for lower prices, but we significantly underestimated the potential size of the drop.

We are at the point of rejection occurring, but it has not been based on our premise that natural gas prices would rise faster than crude and propane’s price.

With propane at such a low value, any change in propane’s fundamentals will allow prices to rise with crude, and prices could rise with crude regardless.