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What Influences Propane Prices?
What will propane gas cost to fill your tank this year? What kind of price can I expect from my propane supplier? Propane prices occasionally spike, increasing disproportionately beyond that expected from normal supply/demand fluctuations. The main cause appears to lie in the logistical difficulty of obtaining resupply during the peak heating season. Because propane is produced at a relatively steady rate year-round by refineries and gas processing plants, there is no ready source of incremental production when supplies run low.
Propane wholesalers and retailers are forced to pay higher prices as propane markets are bid higher due to dwindling supply. Consequently, higher propane prices are simply passed on to consumers. Imports do not offer much cushion for unexpected demand increases or supply shortages due to the long travel time. On the other hand, when propane prices do spike, the petrochemical sector may cut back on its use, thus freeing up supplies for other uses.
Propane prices are subject to a number of influences, some common to all petroleum products, and others unique to propane. Because propane is portable, it can serve many different markets, from fueling barbecue grills to producing petrochemicals. The price of propane in these markets is influenced by many factors, including the prices of competing fuels in each market; the distance propane has to travel to reach a customer; and the volumes used by a customer. More especially, propane prices are affected by Crude Oil and Natural Gas Prices. Although propane is produced from both crude oil refining and natural gas processing, its price is influenced mainly by the cost of crude oil. This is because propane competes mostly with crude oil-based fuels.
This is the last update from the Energy Information Agency for propane prices for the 2011-2012 season. Price updates will resume in October of 2012.
Residential Propane Prices For The Week Ending March 19, 2012
Propane gas for home use increased by less than a penny per gallon to just under $2.87 a gallon. This is one cent a gallon higher than the price last year at this time. Wholesale propane gas prices dropped 8 cents a gallon to $1.24 a gallon. This is about 16 cents a gallon lower than last year.
| Weekly Residential Propane Prices | |||||||||
| 2/13/2012 | 2/20/2012 | 2/27/2012 | 3/5/2012 | 3/12/2012 | 3/19/2012 | ||||
| East Coast (PADD 1) | |||||||||
| New England (PADD 1A) | |||||||||
| Connecticut | 3.1 | 3.093 | 3.107 | 3.11 | 3.11 | 3.111 | |||
| Maine | 3.251 | 3.256 | 3.25 | 3.244 | 3.245 | 3.243 | |||
| Massachusetts | 3.482 | 3.487 | 3.5 | 3.497 | 3.493 | 3.502 | |||
| New Hampshire | 3.462 | 3.487 | 3.506 | 3.5 | 3.498 | 3.516 | |||
| Rhode Island | 3.742 | 3.812 | 3.767 | 3.783 | 3.783 | 3.803 | |||
| Vermont | 3.592 | 3.616 | 3.604 | 3.578 | 3.592 | 3.615 | |||
| Central Atlantic (PADD 1B) | |||||||||
| Delaware | 3.423 | 3.426 | 3.437 | 3.438 | 3.419 | 3.417 | |||
| Maryland | 3.509 | 3.501 | 3.529 | 3.529 | 3.529 | 3.549 | |||
| New Jersey | 3.95 | 3.948 | 3.961 | 3.969 | 3.972 | 4 | |||
| New York | 3.263 | 3.251 | 3.258 | 3.271 | 3.279 | 3.262 | |||
| Pennsylvania | 3.294 | 3.27 | 3.306 | 3.322 | 3.341 | 3.351 | |||
| Lower Atlantic (PADD 1C) | |||||||||
| North Carolina | 3.09 | 3.072 | 3.1 | 3.098 | 3.065 | 3.031 | |||
| Virginia | 3.343 | 3.378 | 3.424 | 3.41 | 3.473 | 3.465 | |||
| Midwest (PADD 2) | |||||||||
| Illinois | |||||||||
| Indiana | 2.66 | 2.653 | 2.65 | 2.645 | 2.643 | 2.635 | |||
| Iowa | 1.862 | 1.854 | 1.855 | 1.838 | 1.828 | 1.819 | |||
| Kansas | |||||||||
| Kentucky | 2.603 | 2.597 | 2.579 | 2.584 | 2.521 | 2.557 | |||
| Michigan | 2.494 | 2.515 | 2.521 | 2.532 | 2.531 | 2.533 | |||
| Minnesota | 2.07 | 2.073 | 2.067 | 2.054 | 2.063 | 2.061 | |||
| Missouri | 2.097 | 2.09 | 2.093 | 2.101 | 2.093 | 2.088 | |||
| Nebraska | 1.69 | 1.673 | 1.678 | 1.681 | 1.696 | 1.667 | |||
| North Dakota | 1.891 | 1.886 | 1.879 | 1.875 | 1.883 | 1.88 | |||
| Ohio | 2.848 | 2.845 | 2.86 | 2.886 | 2.877 | 2.87 | |||
| South Dakota | 1.957 | 1.939 | 1.94 | 1.932 | 1.933 | 1.929 | |||
| Wisconsin | 1.987 | 1.978 | 1.97 | 1.965 | 1.965 | 1.955 | |||
| source Energy Information Agency x1132010 | |||||||||
Price Of Propane Gas Per Gallon For The Week Ending March 5, 2012
Propane for residential use has remained flat this week at $2.87 per gallon. This is just over 1 cent a gallon higher than last year at this time. The average wholesale price dropped more than a penny to $1.23 a gallon, 23 cents a gallon cheaper than last year.
Residential Propane Prices Are Up Slightly For The Week Ending February 27, 2012
Home propane prices rose fractionally this by less than a penny to settle at $2.87 a gallon this week. This is one cent higher per gallon than this time last winter. Wholesale prices dropped by 8 cents a gallon this week to drop to $1.25 a gallon. This is 44 cents per gallon than the wholesale lp price last year at this time.
National Propane Price Averages for the week ending February 23, 2012
Good news for residential users of liquid propane gas for heat. The average price across the United States for propane remained level at $2.86 per gallon. This compares to $2.82 cents a gallon last year. Wholesale prices increased by less than a penny to $1.17. This is 23 cents less than the price last year at this time.
Propane costs for the week ending February 13, 2012
Propane heating costs rose less than a penny this week to settle at $2.86 a gallon. While prices have been steady this is still 4 cents a gallon higher than last year. The average wholesale price for home propane use decreased by about 4 cents a gallon to about $1.16 a gallon. This is 24 cents lower than last years February 13th price.
Propane gas Prices For The Week Ending February 6,2012
The current propane rate slightly dropped this week to finish at just under $2.86 per gallon. This is only about 3 cents a gallon higher than last February 6, 2011 price of propane gas.
Wholesale lp gas prices dropped even more. They were 5 cents a gallon lower than last week to finish at $1.20 a gallon. This price is 21 cents a gallon lower than the $1.41 a gallon charged last year at the wholesale level.
Average Propane Prices For The Week Ending January 30, 2012
At the risk of sounding like a broken record, but average propane prices have remained steady at just under $2.87 per gallon. This price is five cents a gallon higher than this time last heating season. The average wholesale price for propane gas remains at about $1.23 a gallon. This is 19 cents a gallon cheaper than last season.
Current price of propane for the week ending January 23, 2012
Propane fuel prices for residential users dropped about 1 penny this week down to $2.86 per gallon. This is 6 cents higher than this week last heating season. Propane wholesale price rose 3 cents per gallon this week to end at $1.23 a gallon. This is 22 cents a gallon cheaper than last year at this time.
Cost of propane for the week ending January 18, 2012
The EIA has reported the national average propane price to be $2.87 per gallon for 2 consecutive weeks. This winter has been relatively mild compared to last year, but prices are still 8 cents higher this week than last year’s prices.
Propane wholesale prices dropped 5 cents per gallon to almost $1.21 per gallon. The wholesale price was $1.45 a gallon last year at this time, so prices have dropped about 25 cents per gallon.
Current propane prices for the week ending January 11, 2012
This is starting to sound like a broken record. Current residential propane prices increased less than 1 cent per gallon, leaving it at $2.87 a gallon. Propane prices have been steady over the last few weeks, but are still 11 cents a gallon ahead of last year’s prices.
The wholesale level of propane prices decreased by about 8 cents a gallon this week to $1.26 a gallon. This is 16 cents a gallon lower than this time last winter.
Price of propane gas for the week ending January 5, 2012
Continuing a trend that has developed over the last several weeks, propane prices rose less than a penny again this week to reach $2.87 per gallon. Despite this small increase in price, the cost of propane per gallon is now 13 cents higher than it was at this time last year. Wholesale propane costs dropped a penny this week to $1.34 per gallon. This is 8 cents a gallon lower than last year.
Propane cost for the week ending December 26, 2011
This week as we were all exchanging presents, the average price nationally of residential propane prices rose only fractionally to remain at $2.86 per gallon. This has left propane prices in the $2.80 range for several weeks now. This is 15 cents per gallon higher than last year at this time. The wholesale average increased 2 cents a gallon to $1.35 per gallon. This is 7 cents a gallon lower than last year.
Other propane prices sources:
Date Weekly Mont Belvieu, TX Propane Spot Price FOB (Cents per Gallon)
Sep 17, 2010 113.54
Sep 10, 2010 109.94
Sep 03, 2010 108.13
Aug 27, 2010 105.95
Aug 20, 2010 104.58
Aug 13, 2010 107.36
Aug 06, 2010 110.83
Jul 30, 2010 107.13
Jul 23, 2010 101.12
Jul 16, 2010 98.88
Jul 09, 2010 97.61
Jul 02, 2010 98.61
Jun 25, 2010 100.23
Jun 18, 2010 103.26
Jun 11, 2010 105.88
Jun 04, 2010 108.97
May 28, 2010 103.83
May 21, 2010 104.57
May 14, 2010 112.4
May 07, 2010 111.9
Apr 30, 2010 113.74
Apr 23, 2010 112.34
Apr 16, 2010 113.55
Apr 09, 2010 115.36
Apr 02, 2010 111.06
Mar 26, 2010 111.42
Mar 19, 2010 112.09
Mar 12, 2010 114.35
Mar 05, 2010 118.48
Use these prices as a guide when purchasing propane gas.
