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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.

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:

Weekly Propane Prices

This Week In Petroleum

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.

Propane Pa

Current Pa propane prices for the week ending January 11. Propane prices per gallon pa continued to rise this week. Residential propane prices Pennsylvania rose almost 13 cents this week. This is because propane inventories continue to fall. Increase in demand from the recent cold weather have caused prices to jump. Wholesale propane prices for pa also rose this week by 10 cents.

Propane Prices for Pennsylvania for the week ending Jan 4 2010. For the 6th straight week propane prices Pa have increased. This week wholesale propane prices jumped over 7 cents while residential propane prices PA rose over 8 cents.

2009-2010 Propane prices are below.

The average residential propane price fell 0.7 cent per gallon to reach 267.7 cents per gallon. This was an increase of 40.3 cents per gallon compared to the same period last year. Wholesale propane prices dropped 3.3 cents per gallon to reach 134.7 cents per gallon. This was an increase of 58.9 cents per gallon when compared to the March 2, 2009 price of 75.8 cents per gallon.

After reaching a peak of 73 million barrels in October, an 11-year high, propane supplies have dropped precipitously through the winter heating season. The inventory draw appears to have tapered off last week as total U.S. inventories fell 0.5 million barrels to 26.8 million barrels. The Gulf Coast region led the decline with a 1.7 million barrel draw. All other regions realized a gain in propane inventories. East Coast stocks built by 1.0 million barrels, the Midwest region increased by 0.2 million barrels, and the Rocky Mountain/West Coast region was slightly higher.

Propane prices for the average residential use ticked up a half cent this week. The average propane price is now $2.688 per gallon. Compared to last year, that is a increase of nearly 36 cents. Wholesale propane gas prices rose just over 7 cents per gallon to reach $1.527 a gallon. This is a hugh increase of over 66 cents per gallon when compared to last years price at this time.

Propane inventories declined by 1.3 million barrels this week. This compares to the 4.8 million draw down back on January 15, 2010. Propane Gas inventories declined by almost 1 million barrels in the Gulf Coast region while the Midwest dropped about .4 million barrels. East Coast saw a slight build up in propane inventory.

Current Propane Gas Prices

The average residential propane prices jumped 12.7 cents per gallon to reach 266.1 cents per gallon. This was an increase of 35.5 cents per gallon compared to the same period last year. Wholesale propane gas prices rose 9.6 cents per gallon to reach 156.5 cents per gallon. This was an increase of 65.2 cents per gallon when compared to the January 12, 2009 price of 91.3 cents per gallon.

Propane Gas Inventories Continue to Nosedive
Propane gas supply across the country continued to fall last week. Total U.S. inventories drew by 3.5 million barrels to 46.0 million barrels total. The Gulf Coast region led the draw with 1.7 million barrels, while the Midwest region drew 1.0 million barrels of inventory. The East Coast regional propane inventories fell by 0.7 million barrels and the Rocky Mountain/West Coast region drew about 0.1 million barrels.

Current propane prices for the week ending 1/4/2010

The average residential propane price gained 7.3 cents per gallon to reach 253.6 cents per gallon. This was an increase of 22.6 cents per gallon compared to the same period last year. Wholesale propane prices rose 4.7 cents per gallon to reach 146.9 cents per gallon. This was an increase of 64.6 cents per gallon when compared to the January 5, 2009 price of 82.3 cents per gallon.

Propane Continues Seasonal Draw
Cold temperatures across the Nation led total U.S. inventories of propane to fall last week by 3 million barrels to 49.4 million barrels. The cumulative stockdraw during December totaled nearly 12 million barrels, about 2.8 million barrels higher than the most recent 5-year average, as spells of cold weather swept through some of the major propane heating regions during the month. The Midwest region drew 1.3 million barrels and the Gulf Coast region drew 1.0 million barrels. The East Coast and Rocky Mountain/West Coast regions each drew 0.3 million barrels of propane inventory.