U.S. production of propane from October 2022 through March 2023 reached record highs, according to U.S. Energy Information Administration weekly data.
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Cost Management Solutions’ Mark Rachal evaluates how releases from the U.S. Strategic Petroleum Reserve will impact prices.
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Because propane is a byproduct, its price is heavily influenced by what is going on with other commodities, namely crude and NGLs.
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Mark Rachal, director of research and publications for Cost Management Solutions, analyzes the latest inventory draws and the reflected propane prices.
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Mark Rachal, director of research and publications with Cost Management Solutions, continues to examine propane’s monthly average prices.
Read More Mark Rachal, director of research and publications for Cost Management Solutions, analyzes propane’s monthly average prices.
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The residential price of propane was slightly above the previous five-year average to start the winter heating season, but its price has remained flat since.
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Each month, LP Gas provides updates on the U.S. propane market. The data for February 2023 focuses on propane prices and rail shipments in the Midwest.
Read More Propane prices during the first month of the current winter heating season were essentially unchanged compared with prices at the same time last winter.
Read More Mark Rachal, director of research and publications with Cost Management Solutions, reviews strategies to watch out for price creep.
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