National propane stocks tumbled nearly two million barrels last week but inventories are in good health thanks to a relatively warm winter and weak demand. The average residential per gallon price of propane nudged slightly higher in the last week but relative prices are only 5 cents a gallon higher than at the same time […]
Warmer weather and sluggish demand for heating fuel has seen one of the nation’s retail propane giants post lower first-quarter sales figures. AmeriGas Propane Inc, general partner of AmeriGas Partners LP, reported net income of $42.5 million for the first fiscal quarter of 2012 – compared with $74.9 million for the same period last 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 […]
US propane inventories have fallen for the fifth straight week to continue their seasonal draw with residential prices edging slightly higher. Figures released by the US Energy Information Administration show national propane reserves shrunk by one million barrels in the week ending December 30. There are now 55.2 million barrels of propane gas in storage […]
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 […]
Temperatures may be falling, but propane inventories have posted a large build in the last week, adding 1.2 million barrels. Figures released by the Energy Information Administration show total US reserve propane stocks ended the week at 60.3 million barrels – the equivalent of 58.6 days’ supply. In contrast there were 64.4 million barrels in […]
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 […]