Propane Price Check: +2 Cents Last Week

Your two cents: The average increase on the US retail price for a gallon of propane. (image: Numismatic Guaranty Corp.)

The average US retail price for a gallon of propane rose two cents last week, according to numbers the Energy Information Administration (EIA) put out Wednesday.

The news was the same no matter where you burn it: up two cents on the East Coast, up two cents in the Midwest. (Though the average price dropped a penny for a couple of states in the Northeast.)

Cold weather has a common week-by-week stair-stepping effect on propane prices, as home heating demands pick up and suppliers dip into their winter reserves. So if history is any guide, look for propane prices to continue this slow climb into February.

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