It’s difficult to pinpoint the cause of the two-day runup in prices that eventually turned into a sharp sell-off. Cost Management Solutions examines the change.
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Propane prices have recently been on a surge. However, those increases in price have been contained to the front month.
Read More Despite most of the country experiencing, on average, a relatively warm winter so far, certain non-weather-related factors are contributing to higher prices for propane and heating oil when compared to the same time last year, the U.S. Energy Information Administration (EIA) reports.
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Propane prices have been on a strong uptrend over the past year as fundamental conditions improve.
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The price difference between the Mont Belvieu and Conway has tightened considerably over the last month and a half.
Read More The major news last week was the conclusion of the ballyhooed meeting by the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria.
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The 2013-14 winter has forced the propane industry to take its preparedness level up a notch.
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Propane has become a more expensive Btu over the summer, relatively speaking.
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EIA changed its methodology for collecting data on exports, including propane, in an effort to try and make its weekly estimates more accurate.
Read More Higher projected U.S. household winter propane expenditures compared to last year and soaring U.S. propane inventory highlight the U.S. Energy Information Administration’s (EIA) annual Winter Fuels Outlook, released Thursday, Oct. 13.
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