Weekly 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

source: EIA

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The average residential propane price rose 6.2 cents per gallon to reach 246.6 cents per gallon. This was an increase of 14.9 cents per gallon compared to the same period last year. Wholesale propane prices increased 11.2 cents per gallon to reach 142.2 cents per gallon. This was an increase of 61.5 cents per gallon when compared to the December 29, 2008 price of 80.7 cents per gallon.

Propane Inventories Fall
Propane inventories in the U.S. fell by 1.5 million barrels last week to 52.5 million. The largest draw of 1.1 million barrels occurred in the Gulf Coast region. The Midwest regional stocks fell by 0.5 million barrels and the Rock Mountain/West Coast region drew slightly. The East Cost regional stocks built by 0.1 million barrels.

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Propane prices in Pennsylvania continue to climb. Prices jumped over 6 cents for residential customers. Propane prices at the wholesale level leapt almost 8.5 cents. Use this information when barginning with your propane supplier.

Propane Prices Pa

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The average residential propane price increased 4.8 cents per gallon to reach 240.3 cents per gallon. This was an increase of 7.3 cents per gallon compared to the same period last year. Current propane prices increased 6.2 cents per gallon to reach 131.0 cents per gallon. This was an increase of 45.7 cents per gallon when compared to the December 22, 2008 price of 85.3 cents per gallon.

Propane Inventories Draw Again
Total U.S. inventories of propane continued to decline last week, falling 3.4 million barrels to 54 million barrels. The Gulf Coast region drew 2.1 million barrels of propane stocks and the Midwest region declined 1.2 million barrels. The East Coast stocks dropped by 0.3 million barrels and the Rocky Mountain/West Coast region gained slightly.

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Wholelesale propane prices in Wisconsin continued to jump this month. Prices increased nearly 14 cents this past week. Price have moved up almost 23 cents since last month. Residential propane prices haven’t moved as much, but the trend is clearly up. Use this information when negotiating with your propane supplier.

Wisconsin Weekly Heating Oil and Propane Prices

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Heating oil accounts for about 25% of the yield of a barrel of crude oil, the second largest cut after gasoline (petrol). The heating oil futures contract trades in units of 42,000 U.S. gallons (1,000 barrels) and (for the USA) is based on delivery in the New York harbor. Options on futures, calendar spread options contracts, crack spread options contracts, and average price options contracts give market participants even greater flexibility in managing price risk.The heating oil futures contract is also used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to NYMEX Division New York Harbor heating oil futures.

source: NYMEX Inc

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Here are the average propane prices across the state of  Pennsylvania Pennsylvania Weekly Propane Prices for the week of 11/16/2009. use these averages as a guide when shopping for your next propane gas purchase.

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