Propane Prices

 

Find the latest Propane Prices here

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:

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.

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Compare your local propane prices. Check to see if your current propane price is competitive. Dreading propane prices this winter? With a little knowledge and some preparation, you might be able to save a significant amount of money on this winters propane costs.

· First things first. Is you current supplier or prospective propane supplier registered with you state’s Department of Consumer Protection? Most states require suppliers to be registered and licensed. If a supplier isn’t registered, how can you trust them? When you decide on a supplier, call your state first to see if there is any complaints filed against them and to verify they are registered before signing up with them.

· Shop around. The price of propane can vary a great deal between competitors in the same market. You should call several suppliers to see what their current prices are and what type of service they supply. You can also shop online checking for the latest prices that a supplier is offering Prices will also vary depending on the amount of propane gas that you need delivered at the time. Obviously the more you order the more of a price break you should receive. Someone who is heating their home with propane should get a better price per gallon than someone who only uses propane for a pool or just for cooking.

· Talk to your neighbors. Find out who they are using and why? Do they offer great prices, great service, ask around. You will need to compare the same terms. Are the prices quoted by the supplier for a leased tank or a purchased one? Is the volume you need the same as your neighbor?

· Possibly form a buying group with your neighbors. There is power in numbers. If you and several of your neighbors can band together and form a buying group, you should be able to get a discount on your purchases. What propane gas supplier wouldn’t be happy to have a group to sell to each and every month?

· If you lease your tank, see if it would save you money if you purchased your tank. Simply ask for a quote from your current supplier AND from the competition. The next time you have your leased tanked filled, call around and ask for quotes for a delivery to a customer owned tank. With these figures, you now calculate whether it is cheaper for you to own your tank or to be a tank leaser.

· When receiving delivery make sure your ticket is accurate. Very simple right? Make sure the proper amount of propane was delivered and the amount on the ticket was the price you were quoted. Mistakes can be made, so stay on top of this.

· Check here to see the current trends in propane prices. If prices have been trending down, but your supplier’s prices is still the same or worse higher, call them out on it by showing the national trend from here.

· For any contract you sign, make sure you receive a signed and dated copy for your records. Also keep your keep all of your delivery receipts for about a year in case of any disputes. Keep these papers with your mortgage papers for easy retrieval if necessary.

· Ask your supplier for a discount. Why not, right? If you have been a steady customer for years, why shouldn’t you get a better price? It cost you nothing to ask, and you have everything to gain don’t you?

· When in doubt, asked until you are satisfied. Have things in writing so all the terms and conditions are clear to you. If anything is unclear, don’t sign until you understand the conditions.

There you have it, some simple steps to take to protect yourself from overpaying and getting the best propane prices this winter. Most propane gas suppliers are reputable, but you should always be looking to protect yourself.

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Weekly Propane Prices for the week ending March 19, 2012

 

 

 

 

 

 

 

 

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.

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Here are the current propane prices as reported by the EIA for the week ending 11/16/2009

Residential Propane Prices Increase

The average residential propane price rose 2.7 cents per gallon to reach 224.0 cents per gallon. This was a decrease of 20.3 cents per gallon compared to the 244.3 cents per gallon average from the same period last year. Wholesale propane prices dropped 2.1 cents per gallon, from 119.1 cents per gallon to 117.0 cents per gallon. This was an increase of 32.8 cents per gallon when compared to the November 17, 2008 price of 84.2 cents per gallon.

Propane Inventories Experience Large Drop
After reaching an 11-year high in October, inventories of propane settled in the lower half of the average range for this time of year, as seasonal demand increases. Total U.S. propane inventories fell by 2.9 million barrels to 65.5 million barrels. The Midwest regional stocks drew 1.6 million barrels and the Gulf Coast region drew 1.4 million barrels. The Rocky Mountain/ West Coast region drew 0.1 million barrels of inventory and the East Coast regional stocks experienced a build of 0.2 million barrels. Propylene non-fuel use inventories increased their share of total propane/propylene inventories from 3.3 percent to 3.4 percent.

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