I usually contract our heating propane (850 gal.) and have normally came
out on top. Well, this past fall they wanted $1.699/gal. to contract and
at that time it was only $1.499 off the truck so I simply topped off
both tanks...500 gal. tank for house and 250 gal. tank for the
shop/garage. As you are aware this winter has been dramatically colder
than normal thus we have used significantly more propane plus there is
somewhat of a propane shortage (real or imagined). I just called to make
sure that they filled both tanks before we leave for Florida next week
and the current price is a whopping $2.69/gal.! So much for not
This is in SE Iowa where propane is normally reasonably priced. Anyone
else have any recent prices?
The local newspaper had a story on this today. From the article:
U.S. supplies of propane have fallen to the lowest level for January
since 2001 as the country is shipping record levels of propane and
propylene abroad from new export terminals on the Gulf Coast.
Spot propane at the Conway, Kan., trading hub jumped 70 cents to $2.45
a barrel, the highest since at least January 2008. Wholesale prices at
the Mid-America Pipeline Co. terminal in Conway ranged from $2.16 to
$2.62 a gallon, the most in records going back to 2007.
“Two months ago, I would have told you the United States had the
lowest propane price in the world except for Saudi Arabia,” Joe Rose,
president of Propane Gas Association of New England, said. “Now in the
last week, that price has just gone crazy.”
It's bad for the US consumer, but it's good for the US balance of trade.
On 1/22/2014 12:30 PM, email@example.com wrote:
Very interesting article. I was surprised that only 14 million families
across the U.S. use propane to fuel their furnaces, figured it was more
than that. Of course living in the boonies you tend to forget that most
larger areas have natural gas.
We am definitely going to conserve propane as we turn the thermostats
down to around 50 degrees F when we are out of state.
Thanks for the link.
Seems high to me. Assume 100M "families" (350M people/3 per). That
would be 14% heat with LP. I'm surprised there are that many without
From 2000 (couldn't find 2010) the census:
"units" Nat LP Elec Oil Coal Wood Other None
US 105K 51.2% 6.5% 30.3% 9.0% 0.1% 1.7% 0.4% 0.7%
I'm sure wood has increased since '00, as has gas to a lesser extent
(permanent heating plants last longer).
Interesting historical info:
Careful about your plumbing. Make sure the cabinets under sinks on
exterior walls are open, etc.
I just happened to have tripped across it earlier today.
Well, I got a delivery of approximately 250 gal. and although still
quite high it was a pleasant surprise from what the lady on the phone
told me. $2.399/gal. or $2.299/gal. with "quick pay" discount which we
Frolm what I saw on the news there was a large ammount of corn (think that
is correct) and they use propane to dry it or something. Should make them
use the eathenol like in the gas for cars. This used a lot of propane,
and now the winter is much colder than in the past. Kind of two things
comming together and not enough propane has been processed for the needs.
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It looks like a record crop from what I could find. 2009
production was about 13.1 billion bushels compared to last year's
production of 13.9 billion bushels. 2012 production was only 10.8
billion bushels due to the drought.
It wasn't unusually wet in my area of Nebraska at harvest time. I
have no idea what it was like in Illinois or Iowa.
A lot of farm houses are heated with propane. Many irrigation power
units also use propane where natural gas isn't available. Diesel fuel
is usually preferred if commercial electric power isn't available to
power the wells.
Yea - you think that because of what the nice blonde lady tells you in
her TV commercials for the API (American Petroleum Institute).
But you didn't listen closely enough.
She said that there is lots of oil and natural gas in NORTH America.
Meaning USA + Canada.
Because Obama isin't going to approve the XL Pipeline from Alberta.
He's not going to because he listens to what Warren Buffet tells him to
do. Warren wants to transport Canadian oil using rail tanker cars -
which travel through your neighborhood and have a habbit of derailing
and causing their load of explosive Baaken oil to explode.
Ah - I see that you're well informed of the situation.
Like Real Estate, with Gasoline, Diesel oil, Fuel Oil, Natural gas, and
Electricity, it is 'location, location, location'.
For me, my last week propane delivery was $3.949 a gallon.
21.1 gallons came to $64.34.
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