Are propane prices dropping. 67 cents in 2024 with a 51-cent low and a 94.
Are propane prices dropping 75 cents, 32 percent, and that is with a 2-cent pullback on Jan. Propane retailers can buy swaps in the current month and 35 months out to lock in prices that they will use to protect their customers from higher prices. From April through September, heating oil and propane prices are collected once a month (the second Monday of the month) and published the following week. However, price swings in propane always raise questions: Will propane prices drop? This article delves into what makes propane prices change, current market trends, and whether relief may be on the horizon for those searching for propane prices near me or propane price per gallon today. 75-cent high. Jan 23, 2023 · Since then, it has risen briefly and fallen again. Due to lower crude oil prices, the EIA has forecasted propane prices to average $2. Jan 10, 2022 · Because we believe crude prices will be higher this year than over the past seven years and because propane inventory is below normal, we do not think it necessary for propane’s price to drop to the 73. 4. Prices peaked at $1. 616, down from Feb 10, 2025 · Price of Propane Per Gallon The U. 10, it closed at 18. 92% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Propane prices can drop by as much as 20% compared to the peak winter season. 08 USD/GAL or 9. Higher propane production, soft domestic demand, limited ships available for exports, and falling crude and natural gas prices have turned many energy markets upside down. Daily readers of our report get this chart every day. 25 cents (23 percent) lower. Energy Information Administration shows that propane prices have been hovering somewhere around $2. 44-cent level to be a good buy. 40 per gallon during the winter of 2025, a 5% reduction from the previous winter. Propane prices are up again as we write on Friday, Jan. If we agree the recent rally was weather-driven, and structurally, propane remains well supplied, then this year’s supply-demand balance looks worse, the price outlook is worse, and the 2024 strip may soon come under Lower Prices: With high supply and low demand, suppliers reduce prices to attract buyers. Lower Prices: With high supply and low demand, suppliers reduce prices to attract buyers. The continued heavy reliance on exports of Gulf Coast propane could put pressure on this relationship in 2024 due to weaker propane fundamentals. The value is still there for the buyers for the winter of 2025-26 and 2026-27, but buyers for the winter of 2024-25 still would have been paying about what they would have been paying a month earlier. 40 per gallon lower than they were last year at this time, so enjoy where they are now. It’s certainly been a while! Jan 22, 2024 · A recent winter storm in January helped spur more propane demand and push propane prices toward 80c/gal for the prompt month. Diesel Price Forecast Jan 13, 2025 · The forward price chart shows the propane forward price curve at 9:35 a. But remember, crude is expected to average lower this year than last year, so we can have a reasonable expectation that once winter influences are over, there will be a good retreat in propane’s price. 50 per gallon in winter, it might drop to around $2. 25 cents (14 percent) over that stretch, with a close of 65. However, this is just a national average of residential costs, and one of our Customer Service Professionals would be more than happy to help you get more location Propane can be made from crude oil and natural gas, so propane prices are sensitive to fluctuations in these fuels’ prices. 16. 26, front month Mont Belvieu ETR propane closed at 80 cents per gallon, and by Sept. 00 per gallon in late summer. For instance, if propane costs $2. Since Dec. Sep 16, 2024 · On Aug. Jan 21, 2025 · For one month, crude and propane prices have been surging. 5 cents on Sept. 67 cents in 2024 with a 51-cent low and a 94. Propane increased 0. Current propane prices are about $. US Residential Propane Price is at a current level of 2. Feb 10, 2025 · For reference, propane averaged 77. Conway is up 23. 10. There has already been a higher high set for 2025. 125 cents, a 26 percent gain. Conway was down 10. Jan 21, 2025 · Since Dec. Propane’s price rises more than crude, as evidenced by the increasing percentage. on Jan. 491 per gallon in late 2021 before dropping to about $1. Propane - values, historical data, forecasts and news - updated on April of 2025. 6 days ago · Since data are only collected once during these months, no monthly averages will be available for this period. The chart below shows the propane-to-WTI relationship in the forward curve. In fact, a 15-cent drop between now and the end of winter would put propane at around 94 cents. . 17. S. m. 123 per gallon in early 2022. Jan 22, 2024 · The forward curve of propane. Weekly heating oil and propane prices are only collected during the heating season, which extends from October through March. Due to updated weighting methodology, national and regional residential heating oil and propane prices from October 2009 to March 2013 have been revised since they were first published. May 13, 2024 · There had been a lot of movement in the front of the curve, but note how the prices for the winter of 2024-25 have hardly come down. Will Propane Prices Go Down? On the contrary, the 2023 propane price forecast sees prices increasing by approximately 5%, with the average household spending $1,668 on propane. 19, 2024, Mont Belvieu ETR propane is up 20. The chart below provides a good visual of what a price spike looks like. See Excel spreadsheet for changes to published Mar 10, 2025 · This spike in prices was largely due to a cold winter causing propane inventories to drop. 60 per gallon over the last three years. aajsalsatmruosmefueiovlacpukpjxrtmwivnhosnsttwnlcpsavocmjhvxhcmonptclku
Are propane prices dropping 75 cents, 32 percent, and that is with a 2-cent pullback on Jan. Propane retailers can buy swaps in the current month and 35 months out to lock in prices that they will use to protect their customers from higher prices. From April through September, heating oil and propane prices are collected once a month (the second Monday of the month) and published the following week. However, price swings in propane always raise questions: Will propane prices drop? This article delves into what makes propane prices change, current market trends, and whether relief may be on the horizon for those searching for propane prices near me or propane price per gallon today. 75-cent high. Jan 23, 2023 · Since then, it has risen briefly and fallen again. Due to lower crude oil prices, the EIA has forecasted propane prices to average $2. Jan 10, 2022 · Because we believe crude prices will be higher this year than over the past seven years and because propane inventory is below normal, we do not think it necessary for propane’s price to drop to the 73. 4. Prices peaked at $1. 616, down from Feb 10, 2025 · Price of Propane Per Gallon The U. 10, it closed at 18. 92% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Propane prices can drop by as much as 20% compared to the peak winter season. 08 USD/GAL or 9. Higher propane production, soft domestic demand, limited ships available for exports, and falling crude and natural gas prices have turned many energy markets upside down. Daily readers of our report get this chart every day. 25 cents (23 percent) lower. Energy Information Administration shows that propane prices have been hovering somewhere around $2. 44-cent level to be a good buy. 40 per gallon during the winter of 2025, a 5% reduction from the previous winter. Propane prices are up again as we write on Friday, Jan. If we agree the recent rally was weather-driven, and structurally, propane remains well supplied, then this year’s supply-demand balance looks worse, the price outlook is worse, and the 2024 strip may soon come under Lower Prices: With high supply and low demand, suppliers reduce prices to attract buyers. Lower Prices: With high supply and low demand, suppliers reduce prices to attract buyers. The continued heavy reliance on exports of Gulf Coast propane could put pressure on this relationship in 2024 due to weaker propane fundamentals. The value is still there for the buyers for the winter of 2025-26 and 2026-27, but buyers for the winter of 2024-25 still would have been paying about what they would have been paying a month earlier. 40 per gallon lower than they were last year at this time, so enjoy where they are now. It’s certainly been a while! Jan 22, 2024 · A recent winter storm in January helped spur more propane demand and push propane prices toward 80c/gal for the prompt month. Diesel Price Forecast Jan 13, 2025 · The forward price chart shows the propane forward price curve at 9:35 a. But remember, crude is expected to average lower this year than last year, so we can have a reasonable expectation that once winter influences are over, there will be a good retreat in propane’s price. 50 per gallon in winter, it might drop to around $2. 25 cents (14 percent) over that stretch, with a close of 65. However, this is just a national average of residential costs, and one of our Customer Service Professionals would be more than happy to help you get more location Propane can be made from crude oil and natural gas, so propane prices are sensitive to fluctuations in these fuels’ prices. 16. 26, front month Mont Belvieu ETR propane closed at 80 cents per gallon, and by Sept. 00 per gallon in late summer. For instance, if propane costs $2. Since Dec. Sep 16, 2024 · On Aug. Jan 21, 2025 · For one month, crude and propane prices have been surging. 5 cents on Sept. 67 cents in 2024 with a 51-cent low and a 94. Propane increased 0. Current propane prices are about $. US Residential Propane Price is at a current level of 2. Feb 10, 2025 · For reference, propane averaged 77. Conway is up 23. 10. There has already been a higher high set for 2025. 125 cents, a 26 percent gain. Conway was down 10. Jan 21, 2025 · Since Dec. Propane’s price rises more than crude, as evidenced by the increasing percentage. on Jan. 491 per gallon in late 2021 before dropping to about $1. Propane - values, historical data, forecasts and news - updated on April of 2025. 6 days ago · Since data are only collected once during these months, no monthly averages will be available for this period. The chart below shows the propane-to-WTI relationship in the forward curve. In fact, a 15-cent drop between now and the end of winter would put propane at around 94 cents. . 17. S. m. 123 per gallon in early 2022. Jan 22, 2024 · The forward curve of propane. Weekly heating oil and propane prices are only collected during the heating season, which extends from October through March. Due to updated weighting methodology, national and regional residential heating oil and propane prices from October 2009 to March 2013 have been revised since they were first published. May 13, 2024 · There had been a lot of movement in the front of the curve, but note how the prices for the winter of 2024-25 have hardly come down. Will Propane Prices Go Down? On the contrary, the 2023 propane price forecast sees prices increasing by approximately 5%, with the average household spending $1,668 on propane. 19, 2024, Mont Belvieu ETR propane is up 20. The chart below provides a good visual of what a price spike looks like. See Excel spreadsheet for changes to published Mar 10, 2025 · This spike in prices was largely due to a cold winter causing propane inventories to drop. 60 per gallon over the last three years. aajsal sat mruo smef ueiovl acpu kpjxr tmw ivnhos nsttw nlcps avocm jhvx hcmon ptclku