December 2021: Winter fuels

Each month, LP Gas provides updates on the U.S. propane market, as well as the latest trends. The data for December 2021 focuses on the average winter household energy expenditures over the past decade and the winter fuels outlook for this heating season.

Stock information for Ferrellgas and Suburban Propane is also provided.

PROPANE MARKET METRICS

Winter Fuels Outlook, 2021-22: The U.S. Energy Information Administration (EIA) expects energy expenditures to increase for all heating fuels this winter, primarily driven by higher prices. EIA forecasts households will spend $631 (54 percent) more on average for propane this winter compared to last winter. Given relatively low inventory levels heading into winter, weather will be a key determinant of propane market outcomes and consumer expenditures this winter, says EIA.

Source: U.S. Energy Information Administration
Note: Propane price reflects the average of Northeast and Midwest regions through winter 2013-14 and average of Northeast, Midwest and South regions after winter 2013-14.

STOCK WATCH

Company	12-month chart (as of November ’21)	Price (11/22/21)	Current Yield	52-Week Low	52-Week High	YTD Price Performance
Ferrellgas – FGPR		$22.96	N/A	10.00	25.34	47.6%
Suburban Propane – SPH		15.05	8.7%	14.06	16.45	1.2%

Source: Company data, FactSet and Wells Fargo Securities LLC (SPH); Yahoo Finance (FGPR)

Note: Ferrellgas was relisted as FGPR, trading on OTC Markets, on 4/5/2021 due to corporate action.

Featured photo: Nikada/iStock / Getty Images Plus/Getty Images