Residential propane prices in Pennsylvania slightly dipped this week. Propane prices dropped 2 cents this week, the first decline in over a month. However, wholesale propane prices for the week rose by 3 cents, the second week in a row with rising propane prices.

propane price pa Nov 30 2009

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Weekly average home heating oil prices New Jersey for the week ending November 27, 2013

Nov 25, 2013 3.966
Nov 18, 2013 3.9
Nov 11, 2013 3.887
Nov 04, 2013 3.912
Oct 28, 2013 3.876
Oct 21, 2013 3.918

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Here are the weekly Connecticut home heating oil prices averages for the week ending November 27, 2013

Nov 25, 2013 4.038
Nov 18, 2013 3.943
Nov 11, 2013 3.943
Nov 04, 2013 3.945
Oct 28, 2013 3.925
Oct 21, 2013 3.967

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Current Propane Prices for the week ending January 19, 2015

Weekly Residential Propane Prices
1/5/2015 1/12/2015 1/19/2015
East Coast (PADD 1) 2.947 2.934 3.052
New England (PADD 1A) 3.017 3.00 3.109
Connecticut 2.714 2.768 2.83
Maine 2.688 2.704 2.69
Massachusetts 3.133 3.127 3.179
New Hampshire 3.244 3.209 3.231
Rhode Island 3.376 3.351 3.501
Vermont 3.045 2.963 3.45
Central Atlantic (PADD 1B) 2.871 2.853 2.994
Delaware 3.051 3.008 3.099
Maryland 2.915 2.895 3.034
New Jersey 3.384 3.385 3.447
New York 2.786 2.762 2.939
Pennsylvania 2.779 2.765 2.899
Lower Atlantic (PADD 1C) 2.997 2.992 3.09
Florida 4.365 4.41 4.328
Georgia 2.28 2.289 2.341
North Carolina 2.693 2.66 2.838
Virginia 2.864 2.845 3.041
Midwest (PADD 2) 1.92 1.916 1.908
Illinois 1.814 1.805 1.79
Indiana 2.08 2.091 2.103
Iowa 1.565 1.558 1.553
Kansas 1.684 1.678 1.647
Kentucky 2.143 2.147 2.162
Michigan 2.153 2.178 2.179
Minnesota 1.844 1.839 1.821
Missouri 1.87 1.871 1.865
Nebraska 1.351 1.307 1.299
North Dakota 1.646 1.639 1.576
Ohio 2.392 2.386 2.388
Oklahoma 1.914 1.894 1.856
South Dakota 1.645 1.632 1.633
Tennessee 3.127 3.107 3.168
Wisconsin 1.813 1.809 1.79

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Here are the weekly propane prices in Pennsylvania for the week ending November 23, 2009. These prices are complied by the EIA. You may use this informationPropane Price Pa 11-23-2009 when shopping for propane prices in your area. As you can see, residential propane prices for Pennsylvania have risen over 3 cents this week.propane flame

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Light, Sweet Crude Oil Futures 1,000 U.S. barrels (42,000 gallons). U.S. dollars and cents per barrel. Open outcry trading is conducted from 10:00 AM until 2:30 PM.After hours futures trading is conducted via the NYMEX ACCESS internet-based trading platform beginning at 3:15 PM on Mondays through Thursdays and concluding at 9:30 AM the following day. On Sundays, the session begins at 7:00 PM. 30 consecutive months based on a quarterly listing schedule plus long-dated June futures initially listed out three years, and long-dated December futures initially listed out three to seven years.Additionally, trading can be executed at an average differential to the previous day’s settlement prices for periods of two to 30 consecutive months in a single transaction. These calendar strips are executed during open outcry trading hours.

$0.01 per barrel ($10.00 per contract).$10.00 per barrel ($10,000 per contract) for all months. If any contract is traded, bid, or offered at the limit for five minutes, trading is halted for five minutes. When trading resumes, the limit is expanded by $10.00 per barrel in either direction. If another halt were triggered, the market would continue to be expanded by $10.00 per barrel in either direction after each successive five-minute trading halt. There will be no maximum price fluctuation limits during any one trading session. Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. If the 25th calendar day of the month is a non-business day, trading shall cease on the third business day prior to the business day preceding the 25th calendar day.

Physical. F.O.B. seller’s facility, Cushing, Oklahoma, at any pipeline or storage facility with pipeline access to TEPPCO, Cushing storage, or Equilon Pipeline Co., by in-tank transfer, in-line transfer, book-out, or inter-facility transfer (pumpover). All deliveries are ratable over the course of the month and must be initiated on or after the first calendar day and completed by the last calendar day of the delivery month. An alternate delivery procedure is available to buyers and sellers who have been matched by the Exchange subsequent to the termination of trading in the spot month contract. If buyer and seller agree to consummate delivery under terms different from those prescribed in the contract specifications, they may proceed on that basis after submitting a notice of their intention to the Exchange. The commercial buyer or seller may exchange a futures position for a physical position of equal quantity by submitting a notice to the Exchange. EFPs may be used to either initiate or liquidate a futures position. Specific domestic crudes with 0.42% sulfur by weight or less, not less than 37API gravity nor more than 42 API gravity. The following domestic crude streams are deliverable: West Texas Intermediate, Low Sweet Mix, New Mexican Sweet, North Texas Sweet, Oklahoma Sweet, South Texas Sweet.Specific foreign crudes of not less than 34; API nor more than 42; API. The following foreign streams are deliverable: U.K. Brent and Forties, for which the seller shall receive a 30 cent per barrel discount below the final settlement price; Norwegian Oseberg Blend is delivered at a 55barrel discount; Nigerian Bonny Light, Qua Iboe, and Colombian Cusiana are delivered at 15 premiums. Inspection shall be conducted in accordance with pipeline practices. A buyer or seller may appoint an inspector to inspect the quality of oil delivered. However, the buyer or seller who requests the inspection will bear its costs and will notify the other party of the transaction that the inspection will occur. Any one month/all months: 20,000 net futures, but not to exceed 2,000 contracts in the last three days of trading in the spot month. Margins are required for open futures positions.

source NYMEX Inc

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Trading Natural Gas Futures

Natural gas futures are traded on the New York Mercantile Exchange. This is the largest natural gas futures market in the world. Below are the contract specs for natural gas futures.

Trading Unit10,000 million British thermal units (mmBtu).Price QuotationU.S. dollars and cents per mmBtu.Trading Hours (All times are New York time)Open outcry trading is conducted from 10:00 AM until 2:30 PM.After hours futures trading is conducted via the CME Globex trading platform, with the following schedule:Sunday 6:00 PM until 9:50 AM the following day (Monday’s trade date)Monday¬† Thursday 3:15 PM until 5:15 PM the same day (Current trade date)6:00 PM until 9:50 AM the following day (Next trade date)Friday 3:15 PM until 5:15 PM (Friday’s trade date)Trading Months72 consecutive months commencing with the next calendar month (for example, on January 6, 2004, trading occurs in all months from February 2004 through January 2010).Minimum Price Fluctuation$0.001 (0.1) per mmBtu ($10.00 per contract).Maximum Daily Price Fluctuation$3.00 per mmBtu ($30,000 per contract) for all months. If any contract is traded, bid, or offered at the limit for five minutes, trading is halted for five minutes. When trading resumes, the limit is expanded by $3.00 per mmBtu in either direction. If another halt were triggered, the market would continue to be expanded by $3.00 per mmBtu in either direction after each successive five-minute trading halt. There will be no maximum price fluctuation limits during any one trading session.Last Trading DayTrading terminates three business days prior to the first calendar day of the delivery month.Settlement TypePhysical.DeliveryThe Sabine Pipe Line Co. Henry Hub in Louisiana. Seller is responsible for the movement of the gas through the Hub; the buyer, from the Hub. The Hub fee will be paid by seller.Delivery PeriodDelivery shall take place no earlier than the first calendar day of the delivery month and shall be completed no later than the last calendar day of the delivery month. All deliveries shall be made at as uniform as possible an hourly and daily rate of flow over the course of the delivery month.Alternate Delivery Procedure (ADP)An alternate delivery procedure is available to buyers and sellers who have been matched by the Exchange subsequent to the termination of trading in the spot month contract. If buyer and seller agree to consummate delivery under terms different from those prescribed in the contract specifications, they may proceed on that basis after submitting a notice of their intention to the Exchange.Exchange of Futures for Physicals (EFP) or Swaps (EFS)The commercial buyer or seller may exchange a futures position for a physical position or a swaps position of equal quantity by submitting a notice to the Exchange. EFPs and EFSs may be used to either initiate or liquidate a futures position.Grade and Quality SpecificationsPipeline specifications in effect at time of delivery.Position Accountability Levels and LimitsAny one month/all months: 12,000 net futures, but not to exceed 1,000 in the last three days of trading in the spot month.Margin RequirementsMargins are required for open futures positions.

Trading SymbolNG

Source: New York Mercantile Exchange, Inc

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crude oil prices

Crude oil prices are determined by worldwide supply and demand. Events in crude oil markets that caused spikes in crude oil prices were a major factor in all but one of the five major run-ups in gasoline prices between 1992 and 1997, according to the National Petroleum Council study U.S. Petroleum Supply – Inventory Dynamics. Rapid gasoline price increases occurred in response to crude oil shortages caused by the Arab oil embargo in 1973, the Iranian revolution in 1978, the Iran/Iraq war in 1980, and the Persian Gulf conflict in 1990. The cost of crude oil has been the main contributor to recent increases in gasoline prices. World crude oil prices reached record levels in 2007 due mainly to high worldwide oil demand relative to supply.

Other factors contributing to higher crude oil prices include political events and conflicts in some major oil producing regions, as well as other factors such as the declining value of the U.S. dollar (the currency at which crude oil is traded globally).

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