It’s that time of year to fire up the LeBron-O-Meter and gauge NGL prices.
The last time isobutane approached $1.60 per gallon (gal), as it did last week, was the last year that the Golden State Warriors and Cleveland Cavaliers were not in the NBA Finals.
It’s been 52 months since isobutane reached that level in early February 2014, just a few months before the San Antonio Spurs knocked off the Miami Heat in five games. The hypothetical NGL barrel at Mont Belvieu, Texas, that week was $51.27. This week’s barrel price of $35.40 marks the second straight week of highs for 2018.