Propane inventories continue their seasonal slide, posting a 1.1 million barrel decline in the last week, with prices residential nudging slightly higher. Figures released Thursday by the US Energy Information Administration show total reserve propane stock fell to 53.2 million barrels in the week to January 13 – the equivalent of 38 days’ supply. A year […]
A mild start to winter has helped cut demand for propane as folks use less fuel to keep warm. The unseasonable temperatures are good news for propane customers and have forced the Energy Information Administration to lower its winter price forecast, nasdaq.com reports. Propane users in the Midwest and Northeast are tipped to see lower […]
National propane stocks dipped slightly in the last week, falling by 100,000 barrels and average residential propane prices gained less than a cent. But homeowners who rely on propane for their winter heating could be in for a slight reprieve, with a mild start to winter forecast to bring slightly lower heating bills, nasdaq.com reports. […]
Propane inventories fell again last week but the average residential price climbed slightly on higher winter heating season use. Figures released yesterday by the US Energy Information Administration show national propane reserves fell by 200,000 barrels –third consecutive weekly draw. There are now 59.4 million barrels in storage – the equivalent of 51.6 days’ supply. […]
The winter heating season is starting to chip away at national propane inventories which have posted declines for two consecutive weeks. Figures released by the Energy Information Administration yesterday show reserve propane stocks took their biggest hit of the season last week, dropping 600,000 barrels. There are now 59.6 million barrels in storage – the […]
Average residential propane prices remained relatively flat in the last week but national propane inventories posted a slight build. Figures released yesterday by the US Energy Information Administration show propane prices ended the week 37 cents higher than at the same time last year. Wholesale propane prices were down seven cents a gallon. The EIA […]
Average residential propane prices are already 39 cents a gallon higher than the same time last year, figures from the Energy Information Administration reveal. The EIA, a branch of the US Energy Department, has just launched its annual State Heating Oil and Propane Program (SHOPP). The program provides data on heating oil and propane prices […]
A petitioner and consumer protection advocate recently spoke out against Islamabad’s High Court Chief Justices this week, challenging the recent price increases for propane and other petroleum products, International News reported. Kokab Iqbal issued a petition arguing the government is violating Pakistan’s Constitution and a 1994 Supreme Court decision mandating the government must provide the […]
Propane prices have surged to record highs across Asia this week, after the Saudi state-owned oil company increased the price of the fuel, according to several reports. Stories out of South Korea and Pakistan are saying that Saudi Aramco raised the contract price on propane more than 14 cents a gallon this month, breaking the […]
Here in New York, the average retail price for a gallon of propane fell eight cents, or 2.5-percent, over the course of April, according to the latest report from the state’s energy research and development authority. That was led by a six penny drop over the first two weeks, and another two penny dip in […]